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Nexen News

02 Jun 2021

Lawsuit Challenges ExxonMobil's Exploration and Production Activities in Guyana

A landmark lawsuit filed against Guyana's government, arguing that oil production fuels climate change, could bolster legal action as court cases involving energy companies and state authorities surge, according to lawyers and environmentalists.The constitutional claim - the first of its kind in the English-speaking Caribbean - asserts that oil exploration and production led by U.S. oil major ExxonMobil off the South American country's coast is unconstitutional, said the case's lead lawyer Melinda Janki.Filed by two Guyanese citizens in late May before the tiny nation's constitutional court, the lawsuit centers on the duty of the state to protect the environment for present and future generations…

23 Jul 2019

FPSO Liza Destiny Sets Sail for Guyana

Liza Destiny (Photo: Guyana Department of Public Information)

The very first production vessel destined for operations offshore Guyana has departed Singapore en route to the ExxonMobil-operated Stabroek block off the northeastern coast of South America.The Liza Destiny floating, production, storage and offloading (FPSO) vessel is expected to arrive in September ahead of first oil planned in 2020.The FPSO, which was converted from a very large crude carrier (VLCC) at the Keppel Shipyard in Singapore, is designed to produce up to 120,000 barrels of oil per day…

07 Jan 2019

Sentinel Marine Adds Three New Emergency Response and Rescue Vessels

UK-based offshore support firm Sentinel Marine has announced that it will create 80 new jobs by adding three multi-role ships to its fast-growing fleet.The Aberdeen-based firm is investing in the region of GBP36 million in the trio of new builds, which will come into service by the end of 2020.The offshore support vessel specialist said that the ships - Cromarty Sentinel, Trafalgar Sentinel and Viking Sentinel – are an enhanced version of the emergency response and rescue vessels (ERRV) which Sentinel Marine has introduced in the North Sea over the past four years.The ships are primarily used for the safety of offshore personnel, but their ability to perform secondary roles such as oil recovery…

22 Aug 2018

Saipem Wins $700 Mln Worth of Offshore Contracts

Saipem has been awarded contracts for the second phase of the ExxonMobil led Liza development offshore Guyana.These contracts, assigned by Esso Exploration and Production Guyana Limited (EEPGL), an affiliate of ExxonMobil, as the project operator, are in addition to those awarded to Saipem in 2017 for Liza Phase 1.Following engineering and subject to requisite government approvals, project sanction from the joint venture and an authorization to proceed with the next phase, Saipem will then perform detailed engineering, procurement, construction, and installation of the risers, flowlines, and associated structures and jumpers. Saipem will also transport and install umbilicals…

20 Aug 2018

Subsea 7 Awarded Substantial Contract

Norwegian subsea services provider Subsea 7 announced the award of a substantial offshore Conventional contract. Subsea 7 defines a substantial contract as being between USD 150 million and USD 300 million.In a press release, the company said that the offshore execution is planned for 2019 and 2020. No further details are disclosed at this time due to contractual obligations. Early this month, Subsea 7 announced the award of a sizeable contract by Nexen as part of the Buzzard Phase 2 Project, located approximately 55 kilometres off the north-east coast of Scotland. Subsea 7 defines a sizeable contract as being between USD 50 million and USD 150 million.Subsea 7’s contract scope includes project management…

03 Aug 2018

Subsea 7 Bags Nexen Contract Offshore UK

Subsea 7 said Friday it has been awarded a contract from Nexen as part of the Buzzard Phase 2 Project, located approximately 55 kilometers off the northeast coast of Scotland. Subsea 7 said the contract is “sizeable”, between $50 million and $150 million.Subsea 7’s contract scope includes project management, engineering, procurement, construction and installation of a 5-kilometer pipeline bundle along with associated well and platform tie-ins, and provision of a heavy lift vessel for transport and installation of a new topside module.Project management and detailed engineering has commenced at Subsea 7’s office in Aberdeen. The pipeline bundle will be fabricated at Subsea 7’s Wester site near Wick, with technical support from Subsea 7’s specialist pipeline group in Glasgow.

21 Jun 2018

ExxonMobil, Hess Announce Oil Discovery Offshore Guyana

Stena Carron (Photo: Stena Drilling)

ExxonMobil and the Hess Corporation announced an eighth oil discovery offshore Guyana at the Longtail-1 well, creating the potential for additional resource development in the southeast area of the Stabroek Block. The companies said approximately 78 meters of high-quality, oil-bearing sandstone reservoir was encountered. The well was drilled to 5,504 meters depth in 1,940 meters of water by the Stena Carron drillship on May 25, 2018. The Longtail-1 well is located approximately 5 miles west of the Turbot-1 well and follows previous discoveries on the Stabroek Block at Liza…

12 Jun 2018

Exxon Starts Drilling at Offshore Guyana Projects

(Photo: ExxonMobil)

Exxon Mobil Corp said it has commenced development drilling in the first of three offshore Guyana projects, which could produce more than 500,000 barrels of oil per day. Development drilling began in May for the first of 17 wells planned for Liza Phase 1, the company said.So far, Exxon Mobil and its co-venturers have discovered more than 3.2 billion oil-equivalent barrels estimated recoverable resources on the 6.6 million acre Stabroek Block.Liam Mallon, president of ExxonMobil Development Company…

02 Apr 2018

BSEE Inspects New Shell Appomattox Platform

Photo: BSEE

As Shell finishes construction on its Appomattox Semi-Submersible Platform hull, Bureau of Safety and Environmental Enforcement engineers and inspectors signed off on several topsides components during a pre-production inspection March 27, 2018. Royal Dutch Shell plc, 79 percent owner and its partner, Nexen Petroleum Offshore U.S. A. Inc., a wholly owned subsidiary of CNOOC ltd, will operate the platform about 80 miles off Louisiana’s coast in the Mississippi Canyon. “The Appomattox will be Shell’s largest floating platform in the Gulf of Mexico…

13 Feb 2018

Stena Drilling Signs Contract with Nexen Petroleum

Offshore driller Stena Drilling has signed a contract with Nexen Petroleum U.K. Limited for the Stena Spey drilling rig.    Stena said  in a press release that the drilling campaign will last around 110 days with a potential additional option well on the Golden Eagle field, UK Central North Sea.   The drilling campaign will commence on completion of the current well with Repsol-Sinopec.   "Stena Drilling is very pleased to be working with Nexen Petroleum U.K. Limited and this workscope presents another exciting new opportunity for the Stena Spey and the crews," said a statement.   The Stena Spey is a Friede & Goldman L907 (enhanced Pacesetter) twin pontoon, column stabilised self propelled, semi submersible offshore drilling unit.

05 Jan 2018

ExxonMobil Announces Oil Discovery Offshore Guyana

(Photo: ExxonMobil)

Exxon Mobil Corporation announced its sixth oil discovery offshore Guyana since 2015, following positive results from its Ranger-1 exploration well. The Ranger-1 well discovery adds to previous discoveries at Liza, Payara, Snoek, Liza Deep and Turbot, which are estimated to total more than 3.2 billion recoverable oil-equivalent barrels. ExxonMobil affiliate Esso Exploration and Production Guyana Ltd. began drilling the Ranger-1 well on November 5, 2017 and encountered approximately 70 meters of high-quality, oil-bearing carbonate reservoir.

20 Dec 2017

SBM Offshore Completes FPSO Liza Financing

The very large crude carrier arrives at the Keppel shipyard in Singapore in November 2017 to be converted for the FPSO Liza project (Photo: SBM Offshore)

SBM Offshore said it has secured the $720 million project financing for FPSO Liza through a consortium of 12 international banks, completed on December 19, 2017. SBM Offshore said it expects to draw the loan in full, phased over the construction period of the FPSO. The financing will become non-recourse once the FPSO is completed and the pre-completion guarantees have been released. The post completion project loan has a tenor of 10 years, with a variable interest cost of LIBOR plus 1.65 percent.

07 Aug 2017

Sentinel Marine Secures Two New Contracts

(Photo: Sentinel Marine)

Sentinel Marine said it has secured two new contracts bringing the Aberdeen-headquartered firm’s contract wins to a total of £26.4 million ($34.4 million) since January this year. The latest contract wins will provide continued employment for 72 seafarers in the North Sea. Sentinel Marine’s contract with Statoil UK Limited will see the provision of an emergency response and rescue vessel (ERRV) Portland Sentinel in the energy producer’s Mariner field from the beginning of August. The Portland Sentinel will join Mariner Sentinel, the latest vessel to join the Sentinel Marine fleet.

22 Jun 2017

SBM Offshore Awarded Liza FPSO Contract

SBM Offshore said it has secured contracts from ExxonMobil to construct, install, lease and operate a floating production, storage and offloading vessel (FPSO) for the next phase of the Liza project in Guyana. The contracts follow completion of front-end engineering studies and the final investment decision on the project by ExxonMobil. The Liza field is located in the Stabroek block, which covers almost 27,000 square kilometers, circa 200 kilometers offshore Guyana. Esso Exploration and Production Guyana Limited is the operator and holds a 45 percent interest in the Stabroek block. Hess Guyana Exploration Ltd. holds a 30 percent interest, and CNOOC Nexen Petroleum Guyana Limited holds a 25 percent interest.

13 Jan 2017

Finalists for 2017 Offshore Achievement Awards Announced

Finalists for the 2017 Offshore Achievement Awards, sponsored by TAQA, have been announced today {Friday 13 January}. Hosted by the Society of Petroleum Engineers (SPE) Aberdeen Section, the annual awards recognise some of the industry’s most innovative technology developments as well as talented individuals and exceptional large and small company performance. This year’s shortlist comprises a wide cross-section of the offshore sector, with companies large and small, spanning a variety of sub-sectors, represented. Categories including Innovator, Emerging Technology and Young Professional have proven popular with entrants this year. For the first time in 2017…

20 Dec 2016

ExxonMobil Awards FPSO Contract to SBM Offshore

ExxonMobil subsidiary Esso Exploration and Production Guyana Limited has awarded contracts to SBM Offshore for a Floating Production, Storage and Offloading vessel (FPSO) for the Liza development and production in Guyana. Under the FPSO contracts, SBM Offshore will perform Front End Engineering and Design for the FPSO, and, subject to a final investment decision on the project in 2017, will construct, install and operate the FPSO. The Liza field has a potential resource estimate in excess of 1 billion oil-equivalent barrels and is located in the Stabroek block, which covers almost 27,000 square kilometers, approximately 193 kilometers offshore Guyana. Esso Exploration and Production Guyana Limited is the operator and holds a 45 percent interest in the Stabroek block.

03 May 2016

Wind-powered Oil Recovery Project Green-lighted

Image: DNV GL

The DNV GL-led WIN WIN Joint Industry Project (JIP), which melds offshore wind with offshore oil and gas, shows that for suitable fields,finds that  wind-powered water injection is technically feasible, capable of meeting performance targets and offers a cost-competitive alternative to conventional water injection solutions. For the past year, participants from both the renewable and oil and gas industries have worked together in the DNV GL-led WIN WIN (wind powered water injection)…

15 Apr 2016

DOF Secures New Work in the North Sea

Skandi Marstein (Photo: DOF Group)

DOF Group subsidiary DOF Rederi AS has signed an agreement with Nexen Petroleum UK for Skandi Marstein, MT 6000 design Platform Supply Vessel (PSV). The contract will start in May and is firm until end 2017. DOF Rederi has further signed a three months contract, plus options with Maersk Oil North Sea UK Ltd. for Skandi Gamma with start up in April.

11 Feb 2016

Eni, Exxon, Statoil Win Irish Offshore O&G Licences

The Irish government said on Thursday it had awarded oil and gas licences to companies including oil majors Eni, Exxon and Statoil , allowing them to explore for hydrocarbons off the coast of Ireland. The energy ministry has awarded 14 new licences as a first phase of a tender for offshore blocks that gives companies access to new exploration areas for two years, it said. The round attracted 43 applications. "This is by far the largest number of applications received in any licensing round held in the Irish offshore," said Joe McHugh, Ireland's minister for communications, energy and natural resources, in a statement. Oil prices have fallen around 70 percent since a peak in mid-2014 and many large oil companies…

30 Aug 2015

Syncrude Uncertain about Plant Fire Affecting Production

The operator of Canada's largest synthetic crude project said on Saturday it is investigating the causes of an early morning fire at an upgrading plant. Firefighters extinguished the blaze, at Syncrude Canada's Mildred Lake upgrading complex in northern Alberta, and no one was injured, said company spokesman Will Gibson in a phone interview. The fire broke out a few hours after the province's energy regulator announced it was shutting in 95 pipelines operated by Nexen, one of the partners in the project, because of safety issues identified following a large oil-related spill in July. But he said it was too soon to know how production would be affected.

09 Aug 2015

Alberta Investigating Bird Deaths at Oil Sands Site

Alberta's energy regulator said on Saturday it is investigating reports that about 30 blue herons have died at a Syncrude Canada oil sands mine site in the northern part of the Canadian province. The Alberta Energy Regulator said it sent investigators to the Syncrude Canada Mildred Lake site, which is about 40 km (25 miles) north of Fort McMurray. In 2010, Syncrude was fined C$3 million ($2.29 million) for negligence in the 2008 deaths of 1,600 ducks in a toxic waste pond, a case that fueled international concern about the environmental impact of developing Canada's oil sands. Syncrude's partners include Canadian Oil Sands Ltd, Imperial Oil Ltd, Suncor Energy Inc, Sinopec , CNOOC Ltd's Nexen, Japan's Mocal Energy and Murphy Oil Co.

01 Jul 2015

Shell Green Lights GoM Field After Cost Cuts

Royal Dutch Shell has given the green light for the development of its largest platform in the Gulf of Mexico after making steep cost cuts which made the deep water project economical despite low oil prices. The decision to pour billions of dollars into the Appomattox project comes as companies have scrapped around $200 billion of mega-projects in the wake of the sharp decline in oil prices over the past year. Shell has operated in the Gulf of Mexico for over 60 years. The region contributes about 17 percent of total U.S. crude oil production according to the Energy Information Administration and was the location in 2010 of the worst offshore oil spill in U.S. history, involving BP's Deepwater Horizon well.

23 Mar 2015

Nexen Closing Crude Oil Trading Division

Nexen Energy, a wholly owned subsidiary of China's CNOOC Ltd, is closing its crude oil trading division following a round of job cuts announced last week, four market sources said on Monday. The Calgary-based company, which was acquired by state-controlled CNOOC in 2013 for $15.1 billion, cut 400 jobs last week in North America and the United Kingdom in response to plunging global oil prices. Three sources said Nexen was closing down its trading operations worldwide, although the majority of activity takes place in Calgary. The company will continue to market its own crude. Nexen did not immediately respond to requests for comment. In Canada, Nexen's crude oil desk is the biggest trading casualty so far of the global oil price rout, in which U.S.

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