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(From Lloyds List)
Marathon spending
MARATHON has increased its capital spending programme by 32% to $4.2bn this year to drill more exploration wells, develop new offshore fields and expand its Garyville refinery in Louisiana.
The Houston company plans to spend $2.23bn on exploration and production operations in the US, Norway and Angola besides $1.46bn on its refineries. It also intends to spend $330m on completing the first liquefied natural gas train in Equatorial Guinea.
TECHNIP has clinched a $610m contract from Abu Dhabi Gas Liquefaction to supply gas compression plants on Das Island and will require local contractors and marine transport services.
The plant will be used to dehydrate and treat 210m cu ft of gas a day produced from Abu Dhabi's offshore fields.
Technip hopes to transport and install large processing systems on Das Island during 2009 for the site to begin production before the start of 2010.