Exxon Tries to Put the Worst Behind it With $20 Billion Writedown
By Jennifer Hiller HOUSTON, Nov 30 (Reuters) – Exxon Mobil Corp on Monday said it would write down the value of natural gas properties by $17 billion to $20 billion,...
EMAS AMC, the subsea services division of EMAS, announced today that its pipelay vessel, the Lewek Centurion has been contracted by Cecon in the North Sea for some 60km of pipeline installation work.
The Lewek Centurion, formerly the Ceasar, was acquired by EMAS AMC in deal announced last October from Helix ESG. The vessel is DP-2 equipped S-lay vessel, 146m in length, and has a 405Te pipelay tension capacity and a 300Te crane.
Mr. C.J. D’Cort, CEO of EMAS AMC commented:
“From a strategic business perspective it is very encouraging to see the Lewek Centurion go to work in the North Sea as we see this as a potential platform for both contractors to develop further joint project opportunities going forward.”
Offshore operations are scheduled for Q3 2013.
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