US giant ExxonMobil announced it will start five major offshore projects in 2017-2018, in addition to a Q4 2016 earnings of US$3.7 billion, which took a $2 billion impairment charge from its upstream sector. Image from Exxon…
US President-elect Donald Trump has picked ExxonMobil CEO Rex Tillerson to be his nominee for Secretary of State and former Texas Governor Rick Perry to be his Secretary of Energy, it was announced today (13 December). Trump praised Tillerson via Twitter…
ExxonMobil took a 38% decline in its Q3 2016 earnings, in addition to reducing its capital and exploration expenses by 45% during the period. Image from Exxon. The supermajor’s earnings for Q3 2016 took a US$1…
ExxonMobil added 1 billion boe of proved oil and gas reserves in 2015 for a total of 24.8 billion boe that was a result of new developments, and a significant discovery offshore Guyana. Image from ExxonMobil…
ExxonMobil is seeking a permit to plug 22 wells at its Jotun field in the North Sea, with start-up planned for April, according to news reports. The Jotun vessel. Image from ExxonMobil. The…
Fugro delivered a bespoke structural monitoring system for Exxon Neftegas, as operator for, and on behalf of, the Sakhalin-1 consortium, to monitor the structural integrity of its Berkut oil platform in the Arkutun Dagi field. Located…
Australia-based WorleyParsons will pay US$55 million to an ExxonMobil (XOM) subsidiary after reaching a settlement on a dispute over a $550 million contract for engineering work for an offshore drilling platform it designed. In 2008, WorleyParsons was contracted by Exxon Neftegas…
ExxonMobil began production at the Arkutun-Dagi field, off Russia. Image of the Arkutun-Dagi topside. Arkutun-Dagi is part of the multi-billion-dollar Sakhalin-1 project, which also…
Rosneft began production from the northern tip of the Chayvo field, located off northern Sakhalin Island. Rosneft President Igor Sechin said that Chayvo will produce about 1.5 million tons of oil annually, with the northern tip of the…
Three days after the Berkut platform was installed on the Arkutun-Dagi field, Russian Federation President Vladimir Putin gave permission for the platform to begin operations via videoconference. The Arkutun-Dagi field is part of the multi-billion-dollar Sakhalin-1 project…
Sea Trucks Group has won a contract from Daewoo Shipbuilding and Marine Engineering (DSME) to provide an accommodation vessel for the Arkutun-Dagi Project, operated by Exxon Neftegas Limited, in Sakhalin, Russia. Sea Truck’s Jascon 25 vessel will be used for the project…
This event aired on July 16, 2013 Click to AccessJoin marine meteorologists Eric Brozefsky and Francis Kredensor, of Wilkens Weather Technologies LP, a Rockwell Collins Company for a live presentation and Q&A session. Brozefsky and…
Other than economics, logistical planning is the heart of any major project. Weather can have a significant impact on project success or failure, and while it can’t be controlled, it can be managed, even in a relatively remote location. The…
ExxonMobil Canada Properties has released the option for Kvaerner's joint venture company Kiewit-Kvaerner Contractors to provide the full scope of engineering, procurement and construction (EPC) services for the Hebron Project gravity based structure (GBS)…
The concrete gravity-base structure for Russia's Arkutun-Dagi field, part of the Exxon Neftegas-operated Sakhalin-1 development, was installed offshore northeast Sakhalin last month. Water depths in the area are around 35m. Construction of the…
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