Every day, the world uses around one hundred million barrels of oil. The term “big oil” is used pejoratively to describe the industry’s lobbying power. But is big always better? This week, we look at both the biggest and the best, and the biggest and the worst of the oil industry. Big finds:...
By Georgina McCartney HOUSTON, May 5 (Reuters) – As Big Oil returns this week to the industry’s annual showcase for offshore energy projects and equipment in Houston, deepwater discoveries off Guyana, Namibia and the…
https://gcaptain.com/big-oils-embrace-of-deepwater-exploration/
Ahead of this week’s meeting of its legal committee, the secretariat at the International Maritime Organization (IMO) has warned about two shipping registries it deems are fraudulent. Flags being administered allegedly on behalf of Guyana and Eswatini have come in for criticism. Despite the...
https://splash247.com/imo-highlights-two-fraudulent-shipping-registries/
Offshore contracting giant TechnipFMC has been awarded a contract in Guyana’s Stabroek Block by US supermajor ExxonMobil to supply subsea production systems for the Whiptail project. TechnipFMC will provide project management, engineering, and manufacturing to deliver 48 subsea trees and associated...
https://splash247.com/technipfmc-bags-work-on-exxons-sixth-guyana-project/
The Government of Guyana has selected French shipbuilder OCEA for the construction of a new offshore patrol vessel (OPV) for operation by the Guyana Defence Force (GDF). The vessel will have an aluminium hull, a length of 58 metres, space for 24 crewmembers and up to 30 additional personnel, a...
After supermajor ExxonMobil filed a contract arbitration claim aimed to prevent Hess’ proposed sale of the entire company – and with it its Guyana oil properties – to Chevron, Chinese major CNOOC also filed for arbitration. In Guyana, Hess has a 30% ownership in more than 11bn barrels of oil...
https://splash247.com/cnooc-joins-exxon-in-tussle-over-hess-stake-in-guyana-block/
ExxonMobil CEO Darren Woods has stated that the US supermajor has no intention of buying Hess from under Chevron’s nose but rather wants to establish its rights over Hess’s Guyana assets. Woods told reporters during the CERAWeek energy conference in Houston that it would not have waited for Chevron...
https://splash247.com/exxon-will-not-buy-hess-but-is-considering-buying-its-guyana-stake/
By Kevin Crowley and Rachel Graf (Bloomberg) — It’s rare for disputes between any of the world’s supermajor oil companies to spill out in public. It’s even rarer that one could…
https://gcaptain.com/exxon-plays-hardball-with-chevron-over-guyanas-oil-riches/
Norway-based DeepOcean, a leading provider of ocean services, has secured a major contract from ExxonMobil Guyana for subsea construction and inspection, maintenance, and repair (IMR) services off the coast of…
https://gcaptain.com/deepocean-secures-major-subsea-contract-with-exxonmobil-in-guyana/
Swiss technology group ABB has secured work on an ExxonMobil floating production storage and offloading (FPSO) unit slated for the South American Uaru oilfield. Under the contract, awarded by Offshore Frontier Solution in Singapore, a joint venture between Japanese floater specialist Modec and Toyo...
https://splash247.com/abb-awarded-contract-for-guyana-bound-fpso/