About 150 miles south-east of the US city of New Orleans, Shell’s newest oil platform looms above the choppy waters of the Gulf of Mexico. Dubbed Vito, the structure embodies a…Continue readingOffshore oil is back. At what cost?
Tag: guyana
The Whiptail project, which will use a Floating Production Storage and Offloading (FPSO) vessel, will entail an investment of around $12.7bn. It would include up to ten drill centres with 48…Continue readingExxonMobil decides to proceed with Whiptail development offshore Guyana
“The world will need these vital oil resources to meet future energy demand and help ensure an affordable, just and secure energy transition.” The Uaru field development project, which is expected…Continue readingExxonMobil, Hess take FID on $12.7bn Uaru oil project offshore Guyana
ExxonMobil’s Uaru development is targeting approximately 1.319 billion barrels of oil. MODEC has won a contract to undertake engineering and design for a floating production, storage, and offloading vessel (FPSO) to…Continue readingMODEC wins contract for FPSO of ExxonMobil’s Uaru oil project