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Emerson to Demonstrate Advanced Production Modeling and Reservoir Engineering Software Solutions

Emerson to Demonstrate Advanced Production Modeling and Reservoir Engineering Software Solutions

September 23, 2019 No Comments

Emerson will showcase its advanced Exploration & Production (E&P) software solutions for optimizing Production Modeling and Reservoir Engineering workflows at the Society of Petroleum Engineers Annual Technical Convention and Exhibition in Calgary, September 30 – October 2.  Daily demonstrations at booth #819 will highlight Emerson’s technologies for solving subsurface and surface challenges, to reduce uncertainty and enhance […]

McDermott Explores Strategic Alternatives for Lummus Technology

McDermott Explores Strategic Alternatives for Lummus Technology

September 20, 2019 No Comments

McDermott International, Inc. (NYSE: MDR) today announced it recently received unsolicited approaches to acquire all or part of Lummus Technology, McDermott’s industry-leading technology business, with valuation exceeding $2.5 billion. Based on the receipt of these approaches, McDermott is exploring strategic alternatives to unlock the value of Lummus Technology while maintaining the strategic rationale of engineering, […]

Cloud-Hosted Software Suite on Microsoft Azure

Cloud-Hosted Software Suite on Microsoft Azure

September 18, 2019 No Comments

Emerson (NYSE: EMR) announced its entire exploration and production (E&P) software suite is now available on the cloud, enabling oil and gas companies to securely take advantage of digital technologies to better model and optimize production in new and established reservoirs. A leading independent provider of E&P software, Emerson now delivers seismic processing and imaging, […]

McDermott Awarded Offshore EPCI Contract by Saudi Aramco

McDermott Awarded Offshore EPCI Contract by Saudi Aramco

August 1, 2019 No Comments

McDermott International, Inc. (NYSE: MDR) announced it has been awarded a large* contract by Saudi Aramco to provide engineering, procurement, construction and installation (EPCI) of a production deck module (PDM) in the Hasbah gas field with hook-up and modification works in Saudi Arabia’s Karan fields located offshore in the Arabian Gulf. The scope of work […]

Contract Awarded to Indian Oil Corporation Ltd.’s Haldia Refinery

Contract Awarded to Indian Oil Corporation Ltd.’s Haldia Refinery

July 30, 2019 No Comments

McDermott International, Inc. (NYSE: MDR) today announced that Chevron Lummus Global (CLG), McDermott’s joint venture with Chevron, has been awarded a sizeable* license and engineering contract for a 270 TMTPA (thousand metric tons per annum) Lubricants Base Oil plant at Indian Oil Corporation Ltd.’s Haldia Refinery in West Bengal, India. The plant will use CLG’s […]

McDermott Announces Agreement with Cameron LNG

McDermott Announces Agreement with Cameron LNG

July 8, 2019 No Comments

McDermott International, Inc. (NYSE: MDR) announced it and its joint venture member Chiyoda have reached an agreement with Cameron LNG related to the construction of its LNG liquefaction project in Louisiana. The agreement includes the following key components: Provides the opportunity for incentive bonus payments for achieving construction and commissioning milestones on specified dates for […]

Eni and IBM boost geological data interpretation via artificial intelligence platform

Eni and IBM boost geological data interpretation via artificial intelligence platform

June 25, 2019 No Comments

Eni (NYSE: E) and IBM (NYSE: IBM) announce the first results of a multiyear collaboration using artificial intelligence (AI) by launching the research platform “Cognitive Discovery”. The objective of the new platform is to support Eni’s decision-making during the initial stages of exploration phase, in order to significantly reduce the exploration risks linked to geological […]

C-Kore Cable Monitor Units  deployed in Africa for first time

C-Kore Cable Monitor Units deployed in Africa for first time

May 17, 2019 No Comments

C-Kore systems recently completed their first deployment with VAYCO Oil Tools and local Nigerian partner Cranium Engineering on an asset integrity verification operation for a major oil operator off the coast of Nigeria. The C-Kore units saved vessel time and deferment on the deployment, proving the integrity of the entire network from a single location. […]

Wood wins $1 billion nuclear design and engineering contract in UK

Wood wins $1 billion nuclear design and engineering contract in UK

May 9, 2019 No Comments

Wood has secured a new contract worth up to $1 billion to provide engineering design services to Sellafield Ltd over the next 20 years. The company has been selected as Design and Engineering Partner at the UK’s most complex nuclear site as part of the new Programme and Project Partners (PPP) procurement model. Sellafield Ltd […]

TechnipFMC Integrated EPCI (iEPCI™) Subsea Contract by BP

TechnipFMC Integrated EPCI (iEPCI™) Subsea Contract by BP

May 7, 2019 No Comments

TechnipFMC (NYSE: FTI) (PARIS: FTI) has been awarded a significant(1) integrated Engineering, Procurement, Construction and Installation (iEPCI™) contract by BP for the Thunder Horse South Expansion 2 Project located in the Gulf of Mexico. TechnipFMC will manufacture, deliver and install subsea equipment, including subsea tree systems, manifolds, flowline, umbilicals and subsea tree jumpers, pipeline end […]

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