![USA: Exxon Mobil Reveals Massive 5-Year Investment Plan]()
Exxon Mobil Corporation plans to invest approximately $185 billion over the next five years to develop new supplies of energy to meet expected growth in demand, Chairman and CEO Rex W. Tillerson said today in a presentation at the New York Stock Exchange. “During challenging times for the global economy, ExxonMobil continues to invest to [...]
The Visund North investment decision means that the fast-track developments around the Visund field in the North Sea are a step nearer completion. It was decided in autumn 2010 to fast track the development of Visund North with production start-up scheduled for autumn 2013. The partners have now reached an investment decision worth NOK 3.1 [...]
December 5, 2011 | Posted in
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![UAE: DP Training Investment Highly Important for OSV Operators]()
The challenges faced by the offshore maritime industry in recruiting and retaining qualified operators to safeguard standards within the Dynamic Positioning (DP) vessel sector was discussed during one of the Middle East Workboats conference sessions, taking place at the Abu Dhabi National Exhibition Centre (ADNEC) from 3-5 October 2011. Global growth in DP usage [...]
![Russia: Global Energy Majors Participate in International Investment Forum Sochi 2011]()
Led by Alexey Miller, Chairman of the Gazprom Management Committee, the Company’s delegation is participating in the International Investment Forum “Sochi – 2011”. As part of the Forum, Alexey Miller had a number of meetings with global energy companies heads: Paolo Scaroni, Chief Executive Officer of Eni; Harald Schwager, Member of the Board of Executive [...]
![UK: New Investment Programme to Boost Growth of Expro]()
International oilfield services company Expro has announced a major new investment programme that will reinforce the company’s leading position as a supplier of innovative technology and specialist services to the upstream oil and gas sector. The programme includes expanding Expro’s established fleet of subsea safety systems and well test packages, as well as globalisation [...]
![UK: Maersk Approves USD 1 Billion Investment for Golden Eagle Development Plan]()
Maersk Oil, a fully-owned subsidiary of the A. P. Moller – Maersk Group, has approved its investment of $1 billion in the Field Development Plan for the Golden Eagle Area in the UK North Sea. Maersk Oil has a non-operated interest in the fields of 31.56% and its estimated share of reserves is expected to [...]
![UK: Xodus Inks USD 16.4 Million Investment Deal]()
Energy consultancy Xodus Group has signed a £10 million investment deal to focus on further growth in the UK and internationally. The major cash boost from Dutch based Sunrise Energy Group and Simmons Parallel Energy Fund signals a period of significant expansion. Xodus, which was launched by chief executive Colin Manson and chief operating officer [...]
![Iran Plans USD 150 Billion Investment in its Upstream Sector]()
Iran plans to invest $150 billion in its upstream oil and gas sector during the Fifth Five Year Development Plan, deputy minister of petroleum for planning and supervision on hydrocarbon resources, Mohsen Khojastemehr announced here. The investment in the upstream oil and gas sector will bring $179 billion in five year’s time; IRNA quoted Mohsen [...]
![Norway: Sevan Marine Plans USD 25 Million Investment for FPSO Upgrade]()
Sevan Marine ASA , a company specialized in owning, operating and licensing FPSOs and drilling units, based on its patented cylindrical floater technology announces fleet commercial uptime. In Q1 2011, the FPSO Sevan Piranema had a commercial uptime of 88% due to continued problems with the gas cooling and booster compressor systems. The Company [...]
![Russia: Shtokman Final Investment Decision Due in December]()
The final investment decision on natural gas delivered by pipeline as well as on liquefied natural gas for the giant offshore Shtokman … By Jacob Gronholt-Pedersen ,Dow Jones, (Fox Business) Source: , April 19, 2011;
