Chevron Project Spending Plans Unchanged Despite Credit Crisis: Chevron will still spend $23 Billion in capital expenditures for this year. They have 40 projects worth more than $1 billion dollars each. Good example of how the largest companies are the best capitalized, and necessary projects can weather current economic conditions. (Link)

Fluor: Wins EPCM Gas Processing Expansion Project in Russia with Sibur Group, one of Russia’s leading petrochemical companies. Fluor cites their ability to execute projects despite extreme and remote conditions, similar to the messages in our case study about another Russian project they did. FEED was performed by project teams in Camberley, Manila and Russia. (Link)

Fluor
$1 billion dollar American Centrifuge contract. (Link)


J. Ray McDermott Wins Fast Track Pipeline Contract for ExxonMobil's Malaysia Ops:
ExxonMobil Exploration and Production Malaysia has entrusted J. Ray McDermott Malaysian affiliate, Barmada McDermott Sdn. Bhd. (BMD), the fast track transportation and installation contract for the 1.5-mile, 12-inch full well stream (FWS) replacement pipeline between Guntong-C and Guntong-A, off the east coast of Peninsular Malaysia. (Link)


J. Ray McDermott, S. A. announced the handover of the Su Tu Vang Central Processing Platform
for CuuLong Joint Operating Company (CLJOC) enabling first oil ahead of schedule. The project sets a benchmark in the industry for fabrication completion of a 15,500MT float-over deck in 22.5 months. (Link)