article thumbnail

Shell starts production at Vito in US Gulf of Mexico; new, simplified design

Green Car Congress

In 2015, the original host design was rescoped and simplified, resulting in a reduction of approximately 80% in CO 2 emissions over the lifetime of the facility as well as a cost reduction of more than 70% from the original host concept. The Vito development is owned by Shell Offshore Inc. 63.11% operator) and Equinor (36.89%).

Mexico 221
article thumbnail

ExxonMobil announces 6th oil discovery offshore Guyana with Ranger-1; Guyana may move from non-producer to regional powerhouse

Green Car Congress

ExxonMobil Corporation announced positive results from its Ranger-1 exploration well, marking ExxonMobil’s sixth oil discovery offshore Guyana since 2015. A former British colony located on the northeast coast of South America, Guyana borders Venezuela, Brazil and Suriname. billion recoverable oil-equivalent barrels.

Guyana 150
article thumbnail

ExxonMobil announces 6th oil discovery offshore Guyana with Ranger-1; Guyana may move from non-producer to regional powerhouse

Oil (..)