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Chevron announced total earnings of US$2.25 billion in the fourth quarter (Q4) of 2023, reflecting a 64.4% drop from the US$6.35 billion reported in the same period in 2022. Chevron in its Feb. 1 financial report said the decline was...

Norwegian company, Electromagnetic Geoservices ASA (EMGS), has announced a contract award from Petrobras for a fully pre-funded multi-client survey offshore Brazil. The contract, valued at approximately US$11.7 million, is significant for EMGS as it is the first data acquisition...

Zhou Xinhua, President and Chief Executive Officer (CEO) of CNOOC, said its developments in Guyana are not in any “disputed” area.  The top official of the 25% Stabroek block stakeholder responded to a question about Guyana’s border controversy with Venezuela...

NV Havenbeheer Suriname, the Suriname Port Management Company, has issued a request for proposals (RFP) for the exploitation of available land and port facilities in the Dr. Jules Sedney Port of Paramaribo, Suriname. It said that the objective of the...

ExxonMobil (XOM), the U.S. mega major, disclosed a 54% decline in its annual net profit, reporting US$36 billion for 2023. Despite maintaining oil and gas production levels consistent with 2022, upstream oil and gas price realizations contributed to the...

Downtime for ExxonMobil’s Liza field is expected in the second half of 2024, said Chief Financial Officer (CFO) Kathy Mikells, to facilitate Guyana’s Gas-to-Energy (GtE) project.  “At some point in the second half, we are working on the Gas-to-Energy project...

Hess Corporation recorded a decline in net income for the fourth quarter of 2023. The net income stood at US$413 million, or $1.34 per share, a 17% decrease from US$497 million, or $1.61 per share, in the fourth quarter...

Guyana’s Vice President, Bharrat Jagdeo, is not surprised that the Nicolas Maduro regime has violated the Barbados agreement, which outlines requirements for free and fair elections in the South American country. After all, Maduro does not accept the sanctity...

In the face of environmental activism, Guyana's Vice President Bharrat Jagdeo remains 'strongly' optimistic about securing a US$660 million loan from the United States EXIM Bank for the country's Gas-to-Energy project. This project aims to transform Guyana's energy sector...

Following earnings of US$1.617 billion in 2023, the Bank of Guyana said it expects Guyana’s oil fund (the Natural Resource Fund) to receive payments for two lifts of oil produced in December. The lifts, each approximately a million barrels of...