Chevron, Exxon and Petrofina Celebrate Genesis' First Oil

Wednesday, September 01, 1999
Flow of first oil was announced by partners in the Genesis Project, a deepwater oil and natural gas drilling and production facility in 2,600 ft. of water in the Gulf of Mexico, located 150 miles south of New Orleans. Genesis is expected to produce approximately 30,000 barrels of oil and more than 20 million standard cu.-ft. of natural gas per day during 1999. Production is planned to increase at a steady pace so by the year 2000 Genesis will reach its peak production capacity of 55,000 barrels of oil and 72 million cu.-ft. of natural gas per day. Genesis utilizes a unique floating spar platform - the first ever to accommodate both drilling and production facilities.

Contracts

BP, ExxonMobil, ConocoPhillips 'Quit' Alaska LNG Project

BP, Conoco Phillips, and Exxon Mobil said that the 65-billion dollar megaproject would be too unprofitable for them to move into the next phase of development.

C-Job Designs Flettner Freighter for Switijnk

The Dutch shipping company family Switijnk has contracted C-Job Naval Architects to develop a Rotor Sail-equipped design to meet their specific loading and sailing profile.

Yangzijiang Shipbuilding to Slash 2,000 More Jobs

Chinese shipbuilder Yangzijiang Shipbuilding Holdings Ltd said it plans to cut 2,000 additional jobs, just under 10 percent of its current workforce, stepping up

Offshore

Onshore Spending on the Cusp of Recovery?

DW’s recently released quarterly World Oilfield Services Market Forecast (OFS) and World Oilfield Equipment Market Forecast (OFE) continue to suggest 2016 will

US Offshore Lease Sale Yields $18 Mln in High Bids

Today’s U.S. oil and gas Lease Sale 248 garnered $18,067,020 in high bids for 24 tracts covering 138,240 acres in the Western Gulf of Mexico Planning Area, announced

Canada May Ask Far-offshore Drillers to Pay Extra

Canada may ask oil companies to contribute to the hundreds of millions of dollars or more the country has to pay to an international body if they drill far offshore,

 
 
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