Friday, August 18, 2017

Chevron Enters Design Phase, Awards FEED Contracts Offshore Indonesia

December 7, 2010 by  
Filed under Featured, UPSTREAM

Chevron awarded FEED contracts for the Gendalo-Gehem natural gas development in East Kalimantan, Indonesia. The contract for the FPUs was allocated to PT Technip Indonesia; the contracts for the subsea and flowline system and for export pipelines were awarded to PT Worley Parsons Indonesia; and PT. Singgar Mulia received the contract for the onshore receiving […]

Pertamina, Exxon Ink Deal to Co-Develop Natuna Gas Project Indonesia

December 7, 2010 by  
Filed under Featured, OFFSHORE-MAG

Pertamina and Exxon Mobil Friday signed a preliminary agreement to co-develop the offshore East Natuna Block, paving the way to extract natural gas from the massive block located in the South China Sea. Projects like Natuna and Chevron’s deep-water Gendalo-Gehem gas development are helping to restore Indonesia’s status as a major oil and gas producer, […]

Shell Oil Appoints Three Chief Scientists

December 7, 2010 by  
Filed under Featured, OFFSHORE-MAG

Shell today announced the appointment of three chief scientists to cover the critical industry disciplines of exploration, unconventional oil, and in-well technology. This further strengthens Shell’s existing group of six top scientific experts. Expanding its group of chief scientists underscores the importance Shell places on delivering targeted responses to the challenges of a rapidly changing […]

Oil slips on euro zone debt woes, dollar

November 23, 2010 by  
Filed under Featured, OFFSHORE-MAG

(Reuters) – Oil prices fell on Monday, pressured by a weaker dollar and erasing early gains as optimism over a debt bailout for Ireland gave way to concerns that financial problems would spread to other euro zone countries. U.S. gasoline futures also slumped, extending the pressure on crude futures amid expectations that refinery restarts and […]

Exxon CEO

November 12, 2010 by  
Filed under Featured, UPSTREAM

Wichita Falls native and Exxon CEO remembers his roots It’s not every day the man in charge of one of the world’s largest corporations stops in town. Yet Exxon Mobil CEO and President Rex Tillerson is no stranger to Wichita Falls. “This is my native hometown, and it’s very exciting to be back,” Tillerson said […]

Chevron Atlas Energy

November 12, 2010 by  
Filed under Featured, WORD OIL

Chevron sees Atlas output surge Oil and Gas Magazines – Chevron expects Atlas Energy, which it has agreed to buy for $3.2 billion, to ramp up output to 100,000 barrels of oil equivalent per day, or more than seven times current production. Company boss John Watson, who did not give a timeline for the increased […]

Shell Prelude

November 12, 2010 by  
Filed under Featured, OFFSHORE-MAG

Shell gets green light for Prelude The Australian government has granted environmental approval for Shell’s Prelude floating liquefied natural gas facility in the Browse basin, offshore Western Australia. However, Environment Minister Tony Burke said that while he determined the FLNG facility would be acceptable under national environment law, the approval came with strict conditions. “This […]

Saipem set to beat target

November 2, 2010 by  
Filed under Featured, UPSTREAM

Oil Magazines – Italy’s Saipem could beat its 2010 targets, the oilfield services company said today, as strength in its onshore activities fed a 24% rise in third-quarter adjusted net profit. News wires – Europe’s biggest oil services company posted adjusted net profit of €211 million ($291 million), above a €193 million Thomson Reuters consensus […]

Producers may follow ConocoPhillips gas shut in move

October 27, 2010 by  
Filed under Featured, UPSTREAM

Oil Magazines  – ConocoPhillips shut in a small amount of its natural gas production in the third quarter, a move that could set the stage for other producers to curtail production as an oversupplied market depresses prices, an analyst said. News wires – ConocoPhillips shut in about 180 million cubic feet of natural gas per […]

BP Oil resumes work on relief well

July 27, 2010 by  
Filed under Featured, OFFSHORE-MAG

NEW ORLEANS — Ships were getting back in place Sunday at the Gulf of Mexico site of BP’s leaky oil well as crews restarted work on plugging the gusher before another big storm stops work again. Piping for the main relief well being drilled was being reinstalled and should be ready by late afternoon, National […]