Featured

Hess reports 180% profit jump, driven by Payara start-up in Guyana

Hess Corporation reported a net income of US$972 million or US$3.16 per share for the first quarter of 2024, in its April 25 earnings report. This represents a 180% increase over the net income of US$346 million or US$1.13...

Saipem reports net profit of €57 million in Q1 2024

Saipem, the Italian energy industry contractor, disclosed a positive net result of 57 million euros for the first quarter of 2024, a turnaround from the breakeven recorded in the corresponding period of 2023.  The announcement came following the approval of...

Halliburton reports US$606 million net income for Q1 2024 

Halliburton, the multinational oilfield services company, disclosed its financial performance for the first quarter of 2024, reporting a net income of US$606 million, equivalent to US$0.68 per diluted share.  This represented a decrease from the first quarter of 2023 when...

Gas-to-Energy: 375 billion cubic feet of gas committed for sale – Hess

In a filing with the U.S. Securities and Exchange Commission, Hess Corporation said 375 billion cubic feet of natural gas is estimated to be subject to sales commitments under the Gas-to-Energy project in Guyana.  The Guyana government will utilize the...

Noble Venturer booked all year for campaigns in Africa hotspots

Noble Drilling announced the scheduled activities for its Noble Venturer drillship in Africa, which are expected to take all year, potentially going into 2025.  Following the early completion of the Tullow Oil Ghana campaign expected to end in late May...

Creativity, innovation at forefront as SBM Offshore Guyana-Monaco Mousetrap competition enters second year

The second leg of the Guyana-Monaco Mousetrap Car Grand Prix was held on April 19 at the Everest Cricket Ground, with seven participating schools – Abram Zuil Secondary, Diamond Secondary, Friendship Secondary, Johanna Cecelia Secondary, St. Roses High, St....

TotalEnergies moves to complete acquisition of Malaysia-based upstream gas operator

TotalEnergies has signed an agreement with Sapura Upstream Assets Sdn Bhd (SUA) to acquire its 50% interest in Malaysian independent gas producer and operator SapuraOMV Upstream Sdn (SapuraOMV), the energy major said.  The deal is valued at US$530 million, subject...

Petrobras plans US$73 billion investment to boost Brazilian naval and offshore industries

Petrobras, Brazil's state-controlled oil company, has unveiled plans for investments exceeding US$70 billion in exploration and production activities. These investments aim to not only bolster the country's energy sector but to create significant opportunities for the domestic naval and...

Guyana Port Inc: Anchored in growth, sailing towards the future in Guyana’s oil & gas sector

Guyana Port Inc. embarked on a transformative journey, evolving from its humble beginnings to becoming a pivotal player in Guyana’s oil and gas sector.  The company's Managing Director, Pritipaul Singh Jr., reflected on this journey and outlined ambitious plans for...

SLB introduces cutting-edge technologies, achieving remarkable results in Guyana operations

Schlumberger Limited (SLB) said it introduced groundbreaking technologies in Guyana, setting a new standard for performance in offshore operations for ExxonMobil, in the Stabroek Block. In an open-water-work campaign consisting of 13 wells, SLB said advanced tools revolutionized the drilling...

Latest News

Petrobras confirms new pre-salt oil discovery in Campos Basin offshore Brazil

Brazilian state-controlled energy company Petrobras has confirmed a new pre-salt oil discovery in the Campos Basin offshore Brazil, located...