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McDermott International, Inc. (NYSE:MDR) announced today it has acquired the newly built pipelay and construction vessel Amazon to better position the Company for ultradeepwater and SURF projects.

Shell Launches LNG Outlook

Shell - 19 February 2017
Global demand for liquefied natural gas (LNG) reached 265 million tonnes (MT) in 2016 – enough to supply power to around 500 million homes a year. This included an increase in net LNG imports of 17 MT.
Jacobs Engineering Group Inc. (NYSE:JEC), in a joint venture with Monadelphous Group Limited has received a letter of intent from Oil Search Limited to enter into a new proposed five year contract to provide engineering, procurement and construction (EPC) services for oil and gas production facilities in the Highlands of Papua New Guinea (PNG).
Lamprell (ticker: LAM), a leading provider of diversified engineering and contracting services to the energy industry, announces the completion of construction on a further jackup drilling rig, the “Al Hudairiyat”, and its delivery to Abu Dhabi’s National Drilling Company (“NDC”), within budget and as scheduled.
ExxonMobil announced today the expansion of its Singapore refinery to support the production of the company’s EHC™ Group II base stocks, which will strengthen the global supply of these products and enhance the Singapore facility’s competitiveness. Construction is expected to begin during the second quarter of 2017 with completion anticipated in 2019.
ExxonMobil, working with the National Center for Supercomputing Applications (NCSA), has achieved a major breakthrough with proprietary software using more than four times the previous number of processors used on complex oil and gas reservoir simulation models to improve exploration and production results.
An advanced process control (APC) system is currently being implemented at the Gazprom Neft Moscow Refinery, directed at increasing effectiveness and optimising the operation of the plant’s production facilities.
CB&I (NYSE: CBI) today announced it has been awarded a contract by Dongguan Grand Resource Science & Technology Co. Ltd. for the license and engineering design of a grassroots propane dehydrogenation unit to be built in Dongguan City, Guangdong Province, China.
As part of its ongoing “Technology Strategy”, Gazprom Neft has established a programme directed at developing technologies to exploit oil reserves located below a gas cap.* Implementation of the projects within this programme will, in the long term, allow some 215 million tonnes of oil reserves to be brought into development.
ExxonMobil has awarded to Pason Systems, Inc. the first global license of its patented Drilling Advisory System™, a key component of the company’s Fast Drill™ technology suite. The licensing agreement accelerates the technology’s commercialization by combining Pason’s expertise in drilling data and ExxonMobil’s experience in drilling surveillance and optimization.
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