Company Updates

4AtwoodAdvantageAtwood Oceanics, Inc. (NYSE: ATW) announces that one of its subsidiaries agreed to an extension and rate adjustment to its existing contract with Noble Energy, Inc. for the ultra-deepwater rig, the Atwood Advantage, effective November 9, 2015. The agreement is to extend the contract for the purposes of a plugging and abandoning four well program in the Gulf of Mexico that has an estimated duration of one hundred and twenty (120) days during the contract term and is anticipated to occur in 2016. This extension adjusts the operating day rate to approximately $240,000 per day only during the four plug and abandon wells and makes the new contract expiry date approximately August 2017.

Atwood Oceanics, Inc. also announces that one of its subsidiaries has received a letter confirming that it has been chosen to enter exclusive negotiations with an undisclosed operator to conclude agreement on a drilling program offshore Brazil commencing in the third quarter of 2017. The letter specifies that either the Atwood Admiral or Atwood Archer, ultra-deepwater drillships currently under construction at the Daewoo Shipbuilding & Marine Engineering Co., Ltd yard in South Korea, would be contracted to drill the program. The letter specifies a number of contractual items that have been agreed by the parties, including the commercial rates, well count, minimum term length, and rig acceptance criteria.

17LQTLQT Industries, a full-service provider of high quality accommodation facilities, design -build construction services, and support services to the oil and gas industry, has been awarded multiple construction contracts including the fabrication and outfitting of steel modular buildings fo r an LNG facility in Southwest Louisiana.

The buildings consist of operator control and deluge buildings that house and protect specialty equipment. Each building will be fire and blast rated to the customer’s specifications. The project is scheduled to be completed by the end of the first quarter 2016.

LQT has also been awarded the fabrication and outfitting of an aluminum MCC building for a major oil and gas company. The aluminum MCC will be located on a n offshore platform in Trinidad. Also, LQT was awarded contracts from two (2) customers to build specialized equipment for offshore Gulf of Mexico operations.

The fabrication and outfitting will be completed at LQT’s construction facility in Abbeville, LA, which specializes in designing and fabricating various types of modular structures including MCC buildings, blast rated buildings, and accommodation buildings. LQT is currently expanding its fabrication facility to increase their capabilities in the ar ea of specialized building construction for the energy sector. This is the second expansi on in Abbeville, LA since 2014.

5WoodGroup-Gulf-of-Mexico-subseaWood Group has secured a new multi-million dollar contract to provide engineering services to BP's existing subsea infrastructure in the Gulf of Mexico, UK and Norwegian continental shelves and offshore Azerbaijan.

Wood Group Kenny (WGK) will deliver program, project and integrity management and operational support for subsea projects under the five year contract, which is effective immediately.

The contract will be delivered from WGK&'s offices in Aberdeen, London, Norway, Houston and Baku and adds to WGK's work with BP globally. WGK continues to perform work under a contract held since March 2007 to provide engineering and project management services to BP's portfolio of future subsea projects.

Bob MacDonald, CEO of Wood Group Kenny said: “This significant contract demonstrates our unique independent model and our ability to deliver a complete portfolio of subsea services across global projects. “Wood Group has over 40 years of experience working with BP. We look forward to continuing our close partnership with this long-term client on this project, which will see us provide operational support for many of the assets we helped to design. Our key focus will be on effective and efficient delivery in this challenging climate."

This is the second major contract secured with BP this year. In February, Massy Wood Group, a company jointly owned by Wood Group PSN (WGPSN) and the energy division of Massy Holdings Limited commenced a five year contract, with a potential value of up to $250 million, to provide services to BP's 13 upstream offshore facilities, and 2 onshore assets in Trinidad & Tobago.

19harriscaprocklogoHarris CapRock Communications has received a contract extension for satellite and remote communications services. The contract includes the transition to Harris CapRock’s Advanced VSAT network for three oil production platform sites in the Gulf of Mexico.

Since launching its Advanced VSAT solution, Harris CapRock Communications has transitioned more than 30 energy customers and is adjusting bandwidth on demand to over 100 sites in the oil and gas industry’s most productive regions around the world. Harris CapRock was recently named the most impactful service provider in the oil and gas sector by Via Satellite’s 2014 Excellence Awards Program.

Harris CapRock Communications is a premier global provider of managed satellite, terrestrial and wireless communications solutions for the maritime, energy and government markets. Harris CapRock owns and operates a robust global infrastructure that includes teleports on six continents, five 24/7 customer support centers, a local presence in 23 countries and more than 240 global field service personnel supporting customer locations across North America, Central and South America, Europe, West Africa and Asia Pacific.

6DNVGLFiberRopesThe results of two DNV GL led joint industry projects (JIPs) and a JIP pre-study commissioned by Statoil are now captured in a new Recommended Practice on offshore fiber ropes. With a system perspective on mooring performance, DNVGL-RP-E305 provides new industry guidance for achieving cost reductions of overall mooring operations, by addressing the engineering, manufacture, and integration of offshore fiber ropes.

The offshore oil and gas industry uses synthetic fiber ropes across various mission-critical activities where performance and reliability are key concerns. These include mooring systems, lifting slings, and deepwater deployment and recovery systems for subsea infrastructure.

“Fiber ropes are increasingly used for offshore operations due to their high performance for a very low weight and because they can be easily customized. Their functionality is critical to ensuring successful offshore operations,” said Vidar Åhjem, principal engineer, DNV GL - Oil & Gas. “Performance-based selection of the mooring lines, lifting lines, slings and tethers, renders these offshore systems highly cost effective.”

Lifting lines are used for the installation of subsea infrastructure, where the offshore fiber rope performs as an integral part of a lifting appliance and where no function can be seen in isolation. The integrated system behavior is also very important in offshore mooring.

The RP is intended to serve owners, system integrators, rope manufacturers, manufacturers of load-bearing synthetic yarns and coating, and termination hardware products. It provides recommendations for fulfilling the requirements in the Standard DNVGL-OS-E303. It emphasizes the following key aspects:

• Offshore Fiber Rope should be analyzed on the basis of amount of load-bearing material in the cross section, and the characteristics of the material used

• The tension versus stretch behavior of synthetic rope, which is fundamentally different to that of steel wire rope

• The strength and endurance of synthetic rope, which is fundamentally different to the strength and endurance of steel-wire rope on the basis that mechanisms are different

“The technical advice provided to the offshore mooring industry in this RP help assure that the design, fabrication and installation of cost-efficient, tailor-made fiber rope based mooring systems will meet the functional requirements,” added Espen Cramer, global service area leader for technical advisory, DNV GL - Oil & Gas. “DNVGL-RP-E305 will be part of more than 170 recognized industry standards and recommended practices that are openly accessible for the industry from our home page, ensuring cost-efficient, reliable and safe solutions.”

18Claxton LogoClaxton Engineering Services Ltd, an Acteon company, is celebrating its 30th anniversary of successful operations in offshore and subsea engineering. The company has grown extensively since it began in the UK in 1985 and now employs approximately 150 people in offices across Europe, Asia and the Middle East.

In October, Claxton’s managing director, Laura Claxton, was nominated and shortlisted for the prestigious Businesswoman of the Year award at the 33rd Vitalise Women of the Year Luncheon & Awards. This was in recognition of her role in supporting Claxton’s successful growth in the UK and internationally; the company’s annual turnover almost quadrupled between 2006 and 2014.

Laura Claxton said, “I am very proud of what Claxton has achieved over the last 30 years. We are now a genuinely international business, having worked in 35 different countries across six continents. Our staff has 1000 years of combined industry experience between them. Our ethos of strong service and delivery and a commitment to our customers has enabled us to provide engineering and services that match and often exceed those of much larger competitors.”

Dannie Claxton, technical director, Claxton, added, “The oil and gas market has changed significantly over the last 30 years and Claxton’s customer requirements have changed with it. More so than ever, operators are under pressure to deliver projects safely, quickly and efficiently. Claxton continually adapts its offshore engineering and support services, and uses its extensive in-house capabilities and experience to deliver value for its clients through the development of new technologies to tight schedules or using smarter methodologies.”

Claxton has designed and supplied more than 3000 custom-built solutions to customers; installed more than 5,000 conductor guide centralisers; built up a rental pool of more than 4000 items; completed more than 280 decommissioning projects; and produced and run 1,460 m (1,129 t) of high-pressure, subsea drilling risers.

Claxton has also achieved several industry firsts. In 2009, Claxton supplied the world’s first 12,200-psi, high-pressure, high-temperature riser technology. The company also pioneered the positive-grip tension ring and designed and built the largest tensioning system in the world at 1000 t. Claxton also performed the first rigless well abandonment in the North Sea in the Leman field for Perenco and, in 2014, completed the first rigless removal of a stuck bottomhole assembly during slot recovery.

Laura Claxton concluded, “By continually striving to respond and adapt to customers’ needs, we have built an enviable reputation and a robust suite of products and services that we are truly proud of. Across our entire product range, from a pre-drilling template, to a complete riser system, to decommissioning and extending the life of assets, you will find innovation drawn from our team’s passion for solving operating challenges. We look forward to rising to the challenges that lie ahead over the next 30 years.”

Claxton has created an infographic of 30 company facts to mark its 30th birthday.

6Ghana-AnnouncementMcDermott International, Inc., (NYSE:MDR) has announced it has received regulatory approval for its McDermott Marine Construction Ghana Limited (MMCGL) joint venture to pursue key offshore opportunities in Ghana. McDermott and MMCGL officials made the announcement during the 2015 Africa Oil Week in Cape Town, South Africa.

The Petroleum Commission Ghana notified MMCGL that it has been granted regulatory approval to develop contracting abilities to support the country’s burgeoning subsea and offshore engineering, procurement, construction and installation (EPCI) industry.

“This critical approval opens the way for McDermott’s participation for growth in Ghana with partner Hydra Group of Accra,” said Robert Gillespie, McDermott’s Commercial Director for Europe and Africa. “From its inception, the goal for the MMCGL joint venture is to support local growth and experience transfer in Ghana to ensure delivery of effective offshore solutions.”

Delali Otchi, CEO of Hydra Group, said the important regulatory approval “is just the beginning for the MMCGL joint venture to bring local and international expertise in support of the development and growth of Ghana’s offshore oil and gas industry.”

iSURVEY, a leading provider of survey and positioning services to the global oil and gas, offshore renewables and telecommunications markets, has secured a framework contract with Total E&P UK Limited for the provision of rig move navigation and positioning services.

20iSurvey-Andrew-McMurtrie1Andrew McMurtrie, managing director at iSURVEY Offshore Limited

With an Effective Date of 12 October 2015, the three year framework contract will give the iSURVEY team the opportunity to provide platform, rig and vessel-based positioning services to Total’s offshore operations in the UKCS.

Total currently has multiple drilling rigs on hire, all of which have the potential to require positioning during moving operations.

Andrew McMurtrie, managing director of iSURVEY, said: “This framework contract award is testament to the quality of work and results iSURVEY regularly provides for our clients. It is extremely promising to see that the services offered by iSURVEY are being recognised within the industry.

“Having launched our Aberdeenshire base in 2014, the past year has seen iSURVEY’s UK side of operations grow in a very short space of time, and we look forward to continuing the expansion of our services and working closely with Total over the coming years.”

15RH-Marine-Group-Launch Image-21Radio Holland, part of RHMG, will keep its name

RH Marine Group, formerly known as Imtech Marine was introduced at the Europort exhibition in Rotterdam on November 5th.

Following the recent acquisition by Parcom Capital and Pon Holdings, Imtech Marine will now be known as RH Marine Group. RH Marine Group is built on the strong roots of the founding companies, Radio Holland and van Rietschoten & Houwens.

The two major ‘pillars’ for service and newbuild activities within Imtech Marine are also involved in the new naming structure. Radio Holland will keep its name but will have a fresh new logo. Radio Holland is the renowned global NavCom, Connectivity, On Board ICT service and maintenance brand and connects its customers to an unrivalled network of offices and support locations along the global shipping routes. It delivers unique technical service expertise that helps customers run smarter, more profitable businesses. Additionally, the Radio Holland management team has announced a strategy to strengthen the company’s offer in On Board ICT. Building on its experience of successful design and implementation of integral on-board networks, Radio Holland will provide customers with customised solutions that seamlessly align with their ICT and connectivity needs.

The newbuild pillar or former ‘Imtech Marine & Offshore’ is relaunched under the name RH Marine. RH Marine is the leading system integrator and full-service provider of state of-the-art technology to support the core processes of complex ships, with innovative solutions in Electrical, Automation systems and HVAC. As a Maritime System Integrator, RH Marine is active in a number of dedicated markets including: navy, megayachts, special vessels & ferries and cruise ships (via the specialized HVAC company Schiffbau-/Dockbautechnik in Hamburg). Its innovation focus is directed towards hybrid power solutions, future proof ship automation and performance management.

René ten Brinke, CEO of RH Marine Group comments: “The rich heritage of the founding companies, Van Rietschoten & Houwens, dating back to 1860, and Radio Holland dating back to 1916, played a key role in the new naming. With both companies’ initials being RH, it made sense for us to integrate those letters into the new naming and implement a new, sharp and colourful branding for RH Marine Group, Radio Holland and RH Marine.

Our fleet of brands including Radio Holland, RH Marine, Van Berge Henegouwen, Venteville, Techsol Marine, Elkon, Schiffbau-/Dockbautechnik and Tess will all keep individual names and branding styles and focus on their key specialisms, technology expertise and target markets to deliver customised, flexible solutions which closely align with customers’ requirements. In a sense, this is a new start and we’re looking forward to the future.”

Symbolic to the heritage of the company, RH Marine Group showcases the ‘Flyer’ at its booth at Europort. The Flyer is the famous sailing yacht with which Conny van Rietschoten won the Whitbread race around the world in 1978, now known as the Volvo Ocean Race. Delegates attending Europort can visit the Flyer on request.

Global marine technology company, Kongsberg Maritime has appointed a new business manager for the Offshore Production division of its Kongsberg Maritime Ltd base in Aberdeen.

David Wilson has over 27 years’ experience in the marine engineering industry, the vast majority of which has been spent with Kongsberg Maritime. He has played an integral role within a number of teams, holding key positions within technical sales and business development, covering Offshore Support, Offshore Survey and Construction, Merchant Shipping, Marine Research and Naval markets.

19Kongsberg-David-WilsonDavid Wilson, newly appointment business manager of Offshore Production, Kongsberg Maritime Ltd

Since 2012, David has held the position of general manager, Kongsberg Maritime Middle East DMCCO (Dubai) and returns to Aberdeen to manage the company’s Offshore Production division, focusing on its integrated control and safety systems (ICSS), which allow operators to control complex production facilities, using Kongsberg’s unique “The Full Picture” philosophy.

Commenting on David’s appointment, Frank McLean, general manager of Kongsberg Maritime Ltd’s Aberdeen base said: “David brings a wealth of experience to our Offshore Production division, having an impressive track record of sales and business development across the company.

“This is a period of challenge for the offshore industry, and there is no doubt that David has the capacity to strengthen Kongsberg’s offering of attractive full-scale integrated asset management solutions and services to our customers.”

Commenting on his appointment, Mr Wilson said: “My focus in the Middle East was customer support, and this will be valuable on my return to lead the Offshore Production team in Aberdeen. Kongsberg Maritime currently has topside automation on several oil and gas production units in the UK sector, and recent major contract wins with Statoil (Mariner) and BWO (Catcher) demonstrate clear market recognition of our strengthening capabilities.

“I look forward to working with our customers to continue to offer the very best solutions, products and services.”

Global-leading energy services company Proserv has secured a contract with a value of more than 20 million NOK (approx. £1.6 million) to provide topside control equipment at one of the largest field discoveries on the Norwegian Continental Shelf.

The agreement will see Proserv supplying Aibel, on behalf of Statoil, with a hydraulic power unit (HPU) and three chemical injection panels to be used on the prestigious Johan Sverdrup development’s drilling platform.

To deliver the products, Proserv will make the most of its international network with staff at Proserv’s base in Norway working in collaboration with their Dubai colleagues.

8Proserv3Contract win underpins Proserv’s track record of developing existing technologies that can co-exist together and be retrofitted.

Henrik Johnson, Proserv’s regional president for Scandinavia, said: “To be involved with such a high-profile development is a major endorsement of Proserv’s capabilities. Our global footprint and reputation for working effectively across the company’s international operations, combined with our track record of developing existing technologies that can co-exist together and be retrofitted, played a key role in securing this contract.

“As a result, this ensures innovative and cost-effective solutions to clients while this latest contract also further secures jobs in what is a testing time for the oil & gas industry as a whole.”

The work is due for completion by June 2016 and the HPU will be delivered with remote controlled cleaning system for hydraulic oil.

Proserv’s chemical injection panels will service a total of 80 injection lines. The panels allow for each line to be remotely operated and monitored for flowrate and pressure.

Proserv, which operates worldwide through 29 operating centers based in 11 countries, has a 40-year track record in delivering world-class solutions for the energy industry, particularly in the drilling, production and subsea market sectors.

21AscologoInternational oilfield support services company, ASCO has announced its decision to divest the majority of the Company’s non oil and gas-related waste services following a strategic review of its portfolio. The bulk of these services operate from Enviroco’s Sheffield facility.

On 27th October 2015, Biffa Waste Services Ltd agreed to purchase ASCO’s waste management site in Sheffield. Employees affected by this sale (around 20 personnel) will transfer to Biffa’s employment under the Transfer of Undertakings (Protection of Employment) regulations.

This move reinforces ASCO’s ongoing commitment to its oil and gas business.

CEO Alan Brown said:

‘We have been very open about the fact ASCO’s core focus exists within the Oil and Gas industry. In line with this strategy, it makes sense for us to streamline our business to reflect our intentions. We are proud of the successful growth our waste business achieved in the non-oil and gas market, however the time has come for us to move our emphasis elsewhere.’

16TendekalogoTendeka, the provider of completions systems and services to the upstream oil and gas industry, has signed a two-year agreement with SapuraKencana Energy Peninsula Malaysia Inc. (SKE) for the exclusive application of Tendeka’s market-leading FloSure™ Autonomous Inflow Control Device (AICD) valves. The contract was awarded through Tendeka’s partner in Malaysia, Aemos.

The work will include modifying existing ICD screens to incorporate Tendeka’s AICD valves on the SKE-operated East Belumut oil field. The field is located approximately 160 miles offshore Peninsula Malaysia.

Early water or gas breakthrough can result in lost recovery, lost revenues and reduced well life. Tendeka’s AICD, part of the company’s fully integrated sandface completions solution, self-adjusts to choke back zones where unwanted water or gas breakthrough has occurred to promote oil production.

More than 10,000 FloSure™ AICD valves have been installed to date globally in light and heavy oil wells, ensuring uniform production longevity and increasing production rates by up to 50% in comparison to passive inflow control technology.

Gillian King, Tendeka’s Vice President of APAC, said: “We are delighted to have been awarded this contract, our first AICD technology in Malaysia. Detailed analysis of the field’s reservoir characteristics indicate it is a perfect application for our technology and the modelling shows significant productivity improvements. This will be the first deployment of AICD technology within SKE-operated assets. We look forward to working closely with SKE to install this innovative solution and to share the positive results with other clients within Malaysia”.

Tendeka has a proven record in the provision of completions and reservoir monitoring products, systems and services. Our robust solutions help operators overcome the technological challenges they are facing, as we work to continuously develop our offering to the oil and gas industry. Our focus is to improve returns and create value from our client’s wells by providing high quality completions and well services to significantly improve performance.

For more information on the products visit www.tendeka.com

20DanoslogoDanos is proud to announce that the company’s Amelia, La.-­‐based fabrication facility has achieved ISO 9001:2008 certification for its quality management system (QMS). Two of Danos’ other locations – the Larose fabrication shop and headquarters in Gray, La. – are already ISO 9001:2008 certified.

The ISO 9001:2008 standard is an important benchmark for quality based on recognized principles of superior quality control, including strong customer focus, motivation of top leaders, decision-­‐ making and commitment to continual improvement. Earning the certification requires an accredited third-­‐party auditing organization to thoroughly review a company’s internal QMS processes to ensure they are capable of consistently delivering a service that reliably meets customer needs and expectations. Danos is now fully certified by ABS-­‐QE for ISO 9001:2008 QMS for production workforce, fabrication, construction and coating services.

“We are proud of achieving ISO certification and what this means to our organization,” said Mark Danos, vice president of projects. “This helps us to continue to raise the standard that we have set to deliver high-­‐quality products to meet or exceed our customers’ needs.”

In addition, Danos’ fabrication shop in Amelia has received the American Society of Engineers (ASME) “U” and “R” stamp certifications for the fabrication and repair of boiler and pressure vessels. With the capacity to handle large-­‐scale fabrication projects, the Amelia yard includes 120,000 square feet of fabrication area, including 94,000 square feet under roof. Situated on Bayou Boeuf, the facility’s more than 18 feet of water depth makes load-­‐out easy for barges traveling to and from the Gulf of Mexico.

These industry certifications are evidence of Danos’ continuing commitment to providing the highest level of quality and customer service. The ISO 9001:2008 certification (created by the International Organization for Standardization) establishes Danos as a company that uses resources efficiently and has the right processes and people in place to consistently deliver on, and even exceed, customer expectations.

13Trelleborg-Offshore-industry-experts-in-mid-discussion-at-Trelleborgs-Next-Level-roundtable1Across the offshore industry, two approaches to financing and project spend are apparent: life cycle value versus short term costs. This is according to Trelleborg’s offshore operation’s roundtable members, who analyzed findings from the company’s Next Level Report at Offshore Europe in September.

Panelists agreed that although it is tempting for organizations to look for larger upfront savings - especially whilst budgets are under scrutiny due to lower oil prices - in fact, sustainable marginal gains can reap greater rewards long term and should be favored. One panelist’s example was a multibillion dollar project in which an operator may be averse to introducing innovative solutions as they only appear to save $10m. While this may seem a small saving in the overall project spend, cumulative savings of this amount could hugely benefit the project’s overall costs.

That said, the reduced oil price appears to be creating an incentive for businesses to communicate more openly through supply chains to establish smarter ways of doing business. As such, panelists stated that now is the time for supply chains to collaborate, invest and embrace innovation. Otherwise, decisions makers could make short term cost savings on long term issues, which could reoccur if not properly addressed.

Overwhelmingly, the key message from the roundtable was one of change. Members stressed that against a backdrop of challenges, the industry should remain optimistic and proactive. An openness to innovation and clear communication between stakeholders is paramount to ensuring a leaner, quicker and more exciting market in the future.

Trelleborg surveyed decision makers to identify ways in which the industry can respond to pressure against a backdrop of slowed market growth. Responses were analyzed for its Next Level Report, and formed the basis of the roundtable discussion.

You can watch Trelleborg’s roundtable here.

2ExxonMobilExxon Mobil Corporation (NYSE:XOM) says that media and environmental activists’ allegations about the company’s climate research are inaccurate and deliberately misleading.

“For nearly 40 years we have supported development of climate science in partnership with governments and academic institutions, and did and continue to do that work in an open and transparent way,” said Ken Cohen, vice president of public and government affairs.

“Activists deliberately cherry-picked statements attributed to various company employees to wrongly suggest definitive conclusions were reached decades ago by company researchers. These activists took those statements out of context and ignored other readily available statements demonstrating that our researchers recognized the developing nature of climate science at the time which, in fact, mirrored global understanding.”

The allegations were contained in reports distributed by InsideClimate News, an anti-oil and gas activist organization, and the Los Angeles Times, and have prompted political attacks by Senators Bernie Sanders and Sheldon Whitehouse and Representatives Ted Lieu and Mark DeSaulnier.

Both InsideClimate News and the Los Angeles Times ignored evidence provided by the company of continuous and publicly available climate research that refutes their claims. “The facts are that we identified the potential risks of climate change and have taken the issue very seriously,” said Cohen. “We embarked on decades of research in collaboration with many parties, including the Department of Energy, leading academic institutions such as the Massachusetts Institute of Technology, Stanford University and others to advance climate science.”

ExxonMobil scientists continue to research and publish findings to improve understanding of climate system science as a basis for society’s response to climate change and have produced more than 50 peer-reviewed publications on topics including the global carbon cycle, detection and attribution of climate change, low carbon technologies and analysis of future scenarios for energy and climate.

ExxonMobil scientists have been selected by the Intergovernmental Panel on Climate Change, the United Nations’ most authoritative body on the subject, as authors of their past four major assessment reports, and have contributed to National Research Council boards and committees on climate change.

“We recognize that our past participation in broad coalitions that opposed ineffective climate policies subjects us to criticism by climate activist groups,” said Cohen. “We will continue to advocate for policies that reduce emissions while enabling economic growth.”

Since 2009, the company has supported a revenue-neutral carbon tax as the preferred policy approach for emission reduction because it ensures a uniform and predictable cost of carbon, allows market prices to drive solutions, maximizes transparency to stakeholders, reduces administrative complexity, promotes global participation, and is easily adjusted to future developments in climate science and policy impacts.

ExxonMobil joined other companies to provide initial and ongoing funding to create and support the MIT Joint Program on Climate Science and Policy and Stanford’s Global Climate and Energy Project, which has engaged scores of researchers, faculty and students and has resulted in hundreds of scientific publications on climate change and low carbon technologies.

The company has an active research program into lower-carbon emission technologies, such as algae and cellulosic-based biofuels, carbon capture and storage and advanced engines to name a few.

More information on ExxonMobil’s climate research can be found on ExxonMobil’s corporate blog, Perspectives here.

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