A keel laying ceremony held at the Arctech Shipyard (Helsinki, Finland), on 19 January 2012, marked the start of the construction of an ultramodern multi-functional icebreaking supply vessel. The ship is specially designed to service the oil drilling platform located on the north-eastern part of the Sakhalin Island shelf, near Russia’s Pacific coast. The underlying [...]
Chevron Corp. today announced a natural gas discovery in the Exmouth Plateau area of the Carnarvon Basin, offshore Western Australia. The Satyr-3 well encountered approximately 243 feet (74 meters) of net gas pay. The well is located 113 miles (182 kilometers) north of Exmouth in the WA-374-P permit area, and was drilled in 3,688 feet [...]
Rolls-Royce has won an order for gas turbine and compression equipment for the Tapis oil and gas field, offshore Malaysia. The equipment will be utilized by ExxonMobil Exploration and Production Malaysia (EMEPMI) to expand and extend the production of the field. The order includes two Rolls-Royce RB211-GT61 gas turbines, each driving twin Rolls-Royce RCB and [...]
January 17, 2012 | Posted in
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Apache Corporation has completed its previously announced acquisition of Exxon Mobil Corporation’s Mobil North Sea Limited assets including the Beryl field and related properties for a previously agreed amount of $ 1.75 billion. Apache has assumed operations of the Beryl, Nevis , Ness, Nevis South, Skene and Buckland fields, the Beryl/Brae gas pipeline and the [...]
January 4, 2012 | Posted in
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Future growth in world energy demand is a cause for optimism because it will signal economic recovery and progress, Rex W. Tillerson, chairman and chief executive officer of Exxon Mobil Corporation, said today at the 20th World Petroleum Congress in Doha, Qatar. ExxonMobil is forecasting the global economy to more than double in size between 2010 [...]
Bermuda-based offshore deepwater drilling contractor, Seadrill, has been awarded a two-year extension for its ultra-deepwater semi-submersible rig West Aquarius which is currently operating in Asia under a worldwide contract for ExxonMobil. It is anticipated that the extension period will primarily involve operations in the North Atlantic area. An estimated period of 106 days will be [...]
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A Russian court threw out two multi-billion dollar lawsuits against BP on Friday, handing the British oil company a key victory in legal … By Melissa Akin and Vladimir Soldatkin (Reuters) Source:Reuters , November 11, 2011;
AHTS Bourbon Crown has been extended with charterer Exxon Angola for two months. The current contract will then expire at the end of this year. In Norway, Statoil has exercised their first monthly option on PSV Bourbon Sapphire. The vessel is then firm until early January. BOURBON OFFSHORE NORWAY AS is a fully integrated offshore [...]
November 4, 2011 | Posted in
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Exxon Mobil today announced that its third quarter earnings of $10.3 billion were up 41% from the third quarter of 2010, reflecting higher crude oil and natural gas realizations and improved refining margins. Earnings for the first nine months of 2011 were $31.7 billion, up 49% over the first nine months of 2010. Upstream earnings [...]
U.S. oil giant Exxon Mobil Corp discovered hydrocarbons in August off the coast of Danang, in central Vietnam, the company said on Thursday… Source: Reuters Source: Reuters, October 27, 2011;
