“This is an excellent addition to our deep-water portfolio – a key growth theme for Shell’s world-wide upstream business,” said Andrew Brown, Shell’s Upstream International Director. “It’s also good ...
Tags: First Oil, Deep-Water Project
Royal Dutch Shell Chief Executive Officer Peter Voser commented: “We are moving forward in volatile times. Our profits have fallen with energy prices, but our growth strategy is delivering to the bottom line. Shell’s second ...
Tags: Royal Dutch Shell, 2012 Results
The development will start with two subsea production wells tied back to the FPSO vessel, followed later by six additional production wells. This first phase of development is expected to have annual peak production of 50,000 boe/d from ...
Tags: Shell, subsea production
Brunei Shell Petroleum (BSP - Shell 50%) announced today a significant new oil discovery in the coastal waters of the south-east Asian sultanate. The discovery, named Geronggong, is situated in the 3rd Offshore Acreage Area, approximately ...
Tags: Shell Joint Venture, Oil Discovery
The GM-ES-1 well is being drilled in a water depth of over 2,000 meters and to date has drilled to a depth of 5,711 meters. The well has encountered over 70-meters of net oil pay in two objectives. The joint venture plans to drill ahead to ...
Tags: Shell, Deepwater Oil
Exxon Mobil Corporation (NYSE:XOM) today said that drilling results from the Liza-2 well, the second exploration well in the Stabroek block offshore Guyana, confirm a world-class discovery with a recoverable resource of between 800 million ...
Tags: drilling results, Liza-2 well, significant oil discovery
Sinopec Offshore Oilfield Services Company (SOOSC) completed Sinopec’s first deepwater ROV (Remotely Operated Vehicle) operation task on September 13, receiving high praise from Party A. The task was to patrol 113 km of subsea ...
Greg Cameron Call for an “Upper Hunter Economic Development Corporation” (Newcastle Herald Editorial, March 9) were also made 20 years ago when the region wanted to participate in the benefits of a container terminal after ...
Tags: Upper Hunter, Newcastle
Chevron on Friday revised slightly lower an earlier future production target due to prolonged but uncertain lower oil prices, while at the same slashing its capital spending for 2016 by 25% compared to this year. The company now sees ...
Tags: Chevron, oil prices, shale oil
Noble Energy's two long-awaited deepwater Gulf of Mexico fields came on stream ahead of schedule in late October and should reach peak in the next couple of weeks, the company's CEO said Monday. The Dantzler and Big Bend fields, in water ...
Tags: Noble Energy, Crude, sales volumes
The 25th China-U.S. Joint Commission on Commerce and Trade was successfully held in Chicago, the United States, on December 16-18, 2014. Consensus has been reached by China and the United States as follows: Export Control: The ministries ...
Driven in large part by the rapid expansion of shale oil and gas drilling and production in North America, the world market for oil field specialty chemicals at the service company level reached $25 billion in 2014, up from nearly $16 ...
Tags: chemicals, coating, paint pigment, shale oil
The U.S. Environmental Protection Agency announced today that E.I. DuPont de Nemours and Company (DuPont), has been fined $531,000 for alleged Clean Air Act violations at its chemical manufacturing plant in Deepwater, New Jersey. The EPA ...
Tags: Deepwater, skin cancer, Health
BP announced its financial results for the second quarter of 2014. Underlying replacement cost profit for the quarter of 2014 was $3.6 billion, 34% higher than the $2.7 billion reported for the same period in 2013 and 13% higher than the ...
Tags: oil production, gas production
ABS secures Prestigious FLNG classification contract Tuesday, May 06, 2014 ABS, a leading provider of classification and technical services to the global offshore industry, has been awarded the classification contract from PETRONAS, ...
Tags: ABS, FLNG Classification Contract