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Hess Corporation requested that an arbitration tribunal hear the merits of its dispute with ExxonMobil and CNOOC in the third quarter, with a view of having an outcome in the fourth quarter. This was reported by Mike Wirth, Chief...

Hess Corporation said exploration activities are planned this year for two Suriname blocks in which it holds stakes - Block 42 and Block 59. The note is part of the company’s annual report filed with the U.S. Securities and Exchange...

Growing oil production offshore Guyana is taking even more prominence in the portfolios of the Stabroek Block co-venturers, with Hess’ net Guyana production now being on par with output at its traditionally leading Bakken Shale operations in North Dakota. The...

In a climate of escalating offshore rig dayrates, energy companies are increasingly considering ownership as a strategy to control costs and ensure availability, according to insights from Westwood Global Energy Group.  As of December 31, 2023, the cost to rent...

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, 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, 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...

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 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...

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....