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,...
Utilizing their flagship vessel Lewek Constellation along with four other vessels, subsea contractor EMAS AMC has finalized a series of three contracts with Noble Energy worth over $300 million in the Gulf of Mexico.
Singapore-listed EMAS notes the scope of work, slated to begin in 2015, includes engineering, procurement, construction and installation of subsea tie-backs for the Big Bend, Dantzler and Gunflint field developments in the US Gulf of Mexico.
The project management, engineering and procurement will be led by EMAS AMC’s Houston office with fabrication of the 16 subsea structures and stalking and spooling of over 160 miles (258 km) of line pipe is in progress at the recently upgraded EMAS Marine Base facility in Ingleside, Texas.
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