Exxon Mobil Announces second-quarter Earnings

Exxon Mobil Announces second-quarter Earnings Exxon Mobil Corporation has announced estimated second-quarter 2016 earnings of $1.7 billion, or $0.41 per diluted share, compared with $4.2 billion a year earlier. The results reflect sharply lower commodity prices, weaker refining margins and continued strength in the Chemical segment. “While our financial results reflect a volatile industry environment, …

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Shell awards DOF Subsea 5years FLNG Contract

Shell awards DOF Subsea 5years FLNG Contract Shell has awarded DOF Subsea a five-year contract with 2x two-year options to provide a full-time underwater services and multi-purpose supply vessel (MPSV) to the Prelude floating LNG vessel. Prelude FLNG, the largest floating facility ever built, will produce, liquefy, store and transfer LNG at sea. The facility …

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Chevron resumes operation from Erskine field

Chevron resumes operation from Erskine field Oil company Chevron has restarted oil and gas production from the Erskine field in the North Sea following the clearance of a pipeline blockage and the completion of scheduled maintenance works on the Lomond platform. The Chevron-operated Erskine field includes a normally unattended platform and is remotely controlled from …

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Bibby Offshore scoops multi-million-dollar North Sea contract

Bibby Offshore scoops multi-million-dollar North Sea contract Bibby Offshore has secured a multi-million-dollar contract with an independent UK-based E&P company, to provide air diving, and ROV inspection and construction services across five of its North Sea assets. The contract, which commenced in June 2016 and is to be completed by the end of the year, …

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