Going further step by step
Our new Lae tank is operational today. We received a delivery of diesel on the ExxonMobil tanker on Monday night. With this tank online we have added 5ML capacity to our Lae terminal. That's more capacity to serve our customers in Lae and the Highlands, and another win for our PNG engineering and operations team!! https://lnkd.in/d5R_hrvs
Now we see from bp itself, and the FT, that there is another “restructuring” happening, unfortunately losing 2 very senior female VPs (not to worry though, there are loads of VPs left in the company). I recall my 30+ years in bp when, as is the case now, each restructuring was hailed as “improving simplification”. Well, by now bp must be at an idiot level of simplicity (excluding their “Agile” (🤣😂) work processes of course) There’s an interesting cyclicity here: ⏺️ John Browne - visionary leader transforming BP to “Beyond Petroleum” resigns under a very unfortunate (and very undeserved) cloud to be replaced by pragmatist Tony Hayward who has “laser focus” on profitability (ie read Oil & Gas) ⏺️ Bernard Looney - ambitious leader transforming BP from IOC to IEC resigns under an unfortunate (but very deserved) cloud to be replaced by pragmatist Murray Auchincloss who also just happens to have “laser focus” on profitability …… 🤔. First casualty BP Pulse - ouch! Meanwhile Murray Auchincloss and Kate Thomson et al don’t lose any sleep at night despite having no qualms about screwing over UK DB Pensioners. I am so looking forward to the May 2nd Westminster debate on DB Pensions generally and the BP scandal in particular, led by the stalwart MP for Orkney & Shetland Alistair Carmichael - now that’s REAL Leadership! #BPPensions
For a company that made its name with frontier oil discoveries from Iran to Alaska, BP Plc is notably absent from today’s hottest new oil plays. "I don't feel jealous," says EVP of production and operations Gordon Birrell adding that for BP, real value lies in the Gulf of Mexico, an intensely drilled region where they've got decades of experience.
𝗠𝗮𝗿𝗶𝗻𝗲 𝗦𝗹𝗼𝘄 𝗦𝗽𝗲𝗲𝗱 𝗘𝗻𝗴𝗶𝗻𝗲 𝗢𝗶𝗹 𝗠𝗮𝗿𝗸𝗲𝘁 Let's set sail into the world of marine slow-speed engines and the essential lubricants that keep them running smoothly. As the maritime industry embraces sustainability and efficiency, the demand for high-quality engine oils is on the rise. 𝗧𝗼 𝗞𝗻𝗼𝘄 𝗺𝗼𝗿𝗲: https://bit.ly/3Wc2dMt Key Market Dynamics: 1️⃣ Environmental Regulations Driving Change 2️⃣ Focus on Fuel Efficiency 3️⃣ Engine Performance and Durability 4️⃣ Adoption of Synthetic Lubricants 5️⃣ Global Market Expansion Key players operating the Marine Slow Speed Engine Oil Market includes ExxonMobil, Shell, Total, Chevron, Sinopec, JX Nippon, LUKOIL, Gulf, Castrol, and Aegean. #MarineEngineOil #SlowSpeedEngines #Sustainability #FuelEfficiency #RegulatoryCompliance #MaritimeIndustry
This article describes how ExxonMobil is moving forward with the Whiptail development, their sixth significant oil project off the coast of Guyana. By 2027, this $12.7 billion project hopes to raise daily oil output by 250,000 barrels. ExxonMobil is emphasizing the important contributions it has made to the economy and labor market of Guyana, as well as its collaboration with the government and local communities. The FPSO vessel for the project will be built by SBM Offshore, demonstrating ongoing development and investment in Guyana's offshore oil sector. #pge301 https://lnkd.in/gi9TJ29n
As lead times at fabrication yards across key regions lengthen, Guyana’s prominence in the FPSO (floating production, storage and offloading vessel) market grows, fueled by major ExxonMobil-led developments. https://lnkd.in/e7m3kiRg
Gas Storage Engineering - Integrity / Risk Engineer at Consumers Energy in Michigan
It will be interesting to see how these oil revenues impact the quality of life for the people of Guyana. Local jobs and funding for infrastructure development such as roads, parks, tourism, schools and hospitals, etc., etc., etc.
The story of Guyana being just a tiny South American country to one of the most prolific oil producers in the world is remarkable, according to ExxonMobil Upstream President, Liam Mallon. https://lnkd.in/ebDxXr_p
[📣#OffshoreProject] Following last November's press release, we have received from ExxonMobil Guyana and its Stabroek block coventurers the authorization to proceed with the execution of the Whiptail project in offshore Guyana, situated at a water depth of around 2,000 meters. We have already started initial activities related to the EPCI of a subsea production facility and we can now proceed with the execution of the remaining project activities. The contract value is between 750 million and 1.5 billion USD. For the offshore installation, we will use our vessels FDS2, Castorone, and Constellation and for the on-site construction of part of the submarine items, we will deploy our Guyana Offshore Construction Facility and an additional local fabrication facility, proof of our continued commitment to the sustainable growth in the country. After Liza Phase 1 and Phase 2, Payara, Yellowtail, and UARU, this marks the sixth project entrusted to us by ExxonMobil in Guyana. Read more on our website https://lnkd.in/dWjupRZz #Saipem #EngineeringForASustainableFuture
ExxonMobil’s Uaru and Whiptail projects are each targeting an initial production range of 220,000-275,000 barrels per day (b/d), according to a document distributed at the company’s recent public meeting in Georgetown. Uaru and Whiptail are the fifth and sixth oil projects at the Stabroek Block offshore Guyana. They will utilize the Errea Wittu and Jaguar floating production, storage and offloading (FPSO) vessels, to be delivered by MODEC and SBM Offshore. The upper production targets of these vessels would place them among the highest producing FPSOs in the world.