Whiptail | Jotup

SBM Offshore Awarded Contracts for ExxonMobil Guyana’s FPSO Jaguar

Retrieved on:

Venerdì, Aprile 12, 2024

SBM, FPSO, ExxonMobil, SBM Offshore, Water, Stabroek, Whiptail, Operation

SBM Offshore is pleased to announce that ExxonMobil Guyana Limited (“EMGL”) has confirmed the award of contracts for the Whiptail development project located in the Stabroek Block in Guyana.

Key Points:

SBM Offshore is pleased to announce that ExxonMobil Guyana Limited (“EMGL”) has confirmed the award of contracts for the Whiptail development project located in the Stabroek Block in Guyana.
Under these contracts, SBM Offshore will construct and install FPSO Jaguar.
Ownership will transfer to EMGL prior to the FPSO’s installation in Guyana, and SBM Offshore expects to operate the FPSO for 10 years under the Operations and Maintenance Enabling Agreement signed in 2023.
SBM Offshore designs, builds, installs and operates offshore floating facilities for the offshore energy industry.

TechnipFMC Announces First Quarter 2024 Results

Retrieved on:

Giovedì, Aprile 25, 2024

3 Backlog as of March 31, 2024 does not include total Company non-consolidated backlog of $239 million.

Key Points:

3 Backlog as of March 31, 2024 does not include total Company non-consolidated backlog of $239 million.
Subsea reported first quarter revenue of $1,734.8 million, an increase of 0.8 percent from the fourth quarter.
Subsea reported an operating profit of $156.6 million, an increase of 7.5 percent from the fourth quarter.
Subsea reported adjusted EBITDA of $242.4 million, an increase of 7.5 percent when compared to the fourth quarter.

TechnipFMC Awarded Large Subsea Contract for ExxonMobil Guyana’s Whiptail Project

Retrieved on:

Lunedì, Aprile 15, 2024

TechnipFMC (NYSE: FTI) (the “Company”) has been awarded a large(1) contract in Guyana’s Stabroek Block by Exxon Mobil Corporation (NYSE: XOM) affiliate ExxonMobil Guyana Limited to supply subsea production systems for the Whiptail project.

Key Points:

TechnipFMC (NYSE: FTI) (the “Company”) has been awarded a large(1) contract in Guyana’s Stabroek Block by Exxon Mobil Corporation (NYSE: XOM) affiliate ExxonMobil Guyana Limited to supply subsea production systems for the Whiptail project.
TechnipFMC will provide project management, engineering, and manufacturing to deliver 48 subsea trees and associated tooling, as well as 12 manifolds and associated controls and tie-in equipment.
Jonathan Landes, President, Subsea at TechnipFMC, commented: “ExxonMobil Guyana will utilize our Subsea 2.0® systems and manifolds, which help provide schedule certainty.
Whiptail is TechnipFMC’s most recent award from ExxonMobil Guyana, where the Company has been awarded subsea production system contracts since the first contract award in 2017 for Liza Phase 1.

ExxonMobil Guyana moves forward with sixth offshore development

Retrieved on:

Venerdì, Aprile 12, 2024

Oil, Gas, Energy, Maritime, Transport, Other Energy, Destiny, Prosperity, FPSO, ExxonMobil, Jaguar, Mallon, Uaru, Whiptail, Yellowtail, Economic development, Workforce, Government

ExxonMobil has made a final investment decision for the Whiptail development offshore Guyana, after receiving the required government and regulatory approvals.

Key Points:

ExxonMobil has made a final investment decision for the Whiptail development offshore Guyana, after receiving the required government and regulatory approvals.
“Our sixth multi-billion-dollar project in Guyana will bring the country’s production capacity to approximately 1.3 million barrels per day,” said Liam Mallon, president of ExxonMobil Upstream Company.
Production from the six Stabroek block developments will generate tens of billions of dollars of revenue and significant economic development for Guyana.
ExxonMobil affiliate ExxonMobil Guyana Limited is operator and holds 45% interest in the Stabroek block.

ExxonMobil Starts Production at Third Offshore Guyana Project

Retrieved on:

Martedì, Novembre 14, 2023

ExxonMobil started production today at Payara, Guyana’s third offshore oil development on the Stabroek Block, bringing total production capacity in Guyana to approximately 620,000 barrels per day.

Key Points:

ExxonMobil started production today at Payara, Guyana’s third offshore oil development on the Stabroek Block, bringing total production capacity in Guyana to approximately 620,000 barrels per day.
“Each new project supports economic development and access to resources that will benefit Guyanese communities while also helping to meet the world’s energy demand,” said Liam Mallon, president of ExxonMobil Upstream Company.
The company is working with the government of Guyana to secure regulatory approvals for a sixth project at Whiptail.
Hess Guyana Exploration Ltd. holds 30% interest, and CNOOC Petroleum Guyana Limited holds 25% interest.

Hess Announces First Production from Payara Development, Offshore Guyana

Retrieved on:

Martedì, Novembre 14, 2023

Hess Corporation (NYSE: HES) today announced startup of production from the Payara development on the Stabroek Block offshore Guyana, utilizing the Prosperity floating production, storage and offloading (FPSO) vessel.

Key Points:

Hess Corporation (NYSE: HES) today announced startup of production from the Payara development on the Stabroek Block offshore Guyana, utilizing the Prosperity floating production, storage and offloading (FPSO) vessel.
The operator is currently working with the government of Guyana to secure regulatory approvals for a sixth project at Whiptail.
Hess Guyana Exploration Ltd. holds 30 percent interest and CNOOC Petroleum Guyana Limited holds 25 percent interest.
Hess Corporation is a leading global independent energy company engaged in the exploration and production of crude oil and natural gas.

SBM Offshore Third Quarter 2023 Trading Update

Retrieved on:

Giovedì, Novembre 9, 2023

Floater, Sale, FPSO, Q&A, Prosperity, ESG, CCC, SBM Offshore, FEED, SBM, AAA, Carbon, Whiptail, MPF, Growth, Phase 10, Interest, MSCI, Operate, CET, CFO, Motion, Airline, Oil, Renewable energy, Pharmaceutical industry, AA, Turnkey, Direction

The Company’s Total Recordable Injury Frequency Rate year-to-date was 0.09, compared with the full year 2023 target of below 0.143.

Key Points:

The Company’s Total Recordable Injury Frequency Rate year-to-date was 0.09, compared with the full year 2023 target of below 0.143.
The purchase allows ExxonMobil Guyana to assume ownership of the unit while SBM Offshore will continue to operate and maintain the FPSO up to 2033.
SBM Offshore has scheduled a conference call, which will be followed by a Q&A session, to discuss the Third Quarter 2023 Trading Update.
SBM Offshore designs, builds, installs and operates offshore floating facilities for the offshore energy industry.

Hess Reports Estimated Results for the Third Quarter of 2023

Retrieved on:

Mercoledì, Ottobre 25, 2023

During the third quarter of 2023, the Corporation drilled 28 wells, completed 41 wells, and brought 26 new wells online.

Key Points:

During the third quarter of 2023, the Corporation drilled 28 wells, completed 41 wells, and brought 26 new wells online.
In the third quarter of 2023, we sold nine cargos of crude oil from Guyana, compared with eight cargos in the prior-year quarter.
During the third quarter of 2023, a mechanical issue on the Liza Destiny reduced production during the quarter.
Midstream capital expenditures were $65 million in the third quarter of 2023 and $60 million in the prior-year quarter.

SBM Offshore awarded FEED contracts for Whiptail project in Guyana

Retrieved on:

Venerdì, Ottobre 13, 2023

Destiny, SBM, Government, FEED, SBM Offshore, Carbon, Front-end loading, FPSO, ONE, Floating production storage and offloading, Whiptail, Prosperity, ExxonMobil, Water, Renewable energy, Natural gas

SBM Offshore is pleased to announce it has been awarded contracts to perform Front End Engineering and Design (FEED) for a Floating Production, Storage and Offloading vessel (FPSO) for the Whiptail development project in Guyana.

Key Points:

SBM Offshore is pleased to announce it has been awarded contracts to perform Front End Engineering and Design (FEED) for a Floating Production, Storage and Offloading vessel (FPSO) for the Whiptail development project in Guyana.
Following FEED and subject to government approvals in Guyana of the development plan, project sanction including final investment decision by ExxonMobil Guyana Limited, an affiliate of ExxonMobil Corporation, to release the second phase of work, SBM Offshore will construct and install the FPSO.
The FEED contract award triggers the initial release of funds by ExxonMobil Guyana Limited to begin FEED activities, and commits a Fast4Ward® hull for the execution of the Whiptail development project in Guyana.
Bruno Chabas, SBM Offshore’s Chief Executive Officer:
“We are proud to announce ExxonMobil Guyana has awarded the contracts for a fifth FPSO from SBM Offshore in Guyana.

Hess Sanctions Uaru Development Offshore Guyana

Retrieved on:

Venerdì, Aprile 28, 2023

Hess Corporation (NYSE: HES) today announced it has made a final investment decision to proceed with Uaru, the fifth development on the Stabroek Block, after receiving government and regulatory approvals.

Key Points:

Hess Corporation (NYSE: HES) today announced it has made a final investment decision to proceed with Uaru, the fifth development on the Stabroek Block, after receiving government and regulatory approvals.
Uaru will have a production capacity of approximately 250,000 gross barrels of oil per day with production targeted to startup in 2026.
“We are excited to sanction Uaru, our fifth oil development on the Stabroek Block,” CEO John Hess said.
Hess Guyana Exploration Ltd. holds 30 percent interest and CNOOC Petroleum Guyana Limited holds 25 percent interest.