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bp’s decision to produce oil and gas for longer than it intended has sparked concerns from shareholders who are set to put a vote against the Chief Executive Officer (CEO) Benard Looney.  According to Reuters, one investment advisory firm PIRC...

The Government of Guyana is expected to provide approval this week for Uaru, the fifth project in the Stabroek Block, says Hess Corporation’s Chief Executive Officer (CEO), John Hess.  During his company’s 2023 first quarter earnings call on Wednesday, Hess...

Hess Corporation on Wednesday announced a new oil discovery at the Lancetfish-1 well on the Stabroek Block, offshore Guyana. The Lancetfish-1 well encountered approximately 92 feet of oil-bearing sandstone reservoir. The well was drilled in 5,843 feet of water by...

Ramps Logistics Guyana Inc. (RLG) has been cleared by the Guyana Magistrates’ Court on all charges of fraud, the company said in a release. The matter was brought before the court by the Guyana Revenue Authority (GRA) in October,...

Trinidad’s Touchstone Exploration Inc. said on April 24 that it confirmed the presence of light crude oil at non-commercial rates during the first Royston-1X well production test in the onshore Ortoire block.  Touchstone said in its announcement that five potential...

Chevron has its eyes set on Guyana, as the country’s first licensing round heats up. Norway-based Rystad Energy believes the oil major possesses the wherewithal to bring competition to the ExxonMobil-dominated basin.  Schreiner Parker, Senior Vice President and head of...

Halliburton said its Latin America revenue in the first quarter of 2023 was US$915 million, an increase of 40% year over the previous year, due primarily to increased well construction services and stimulation activity in Mexico and Argentina, higher...

Guyana’s Minister of Parliamentary Affairs and Governance, Gail Teixeira on behalf of Senior Finance Minister Dr. Ashni Singh tabled a Notification of Receipts to the National Assembly, of all petroleum revenues paid into the Natural Resource Fund (NRF) during...

Mid-Atlantic Oil & Gas Inc., which has a 12.5% stake in the Canje deepwater block, has signaled its interest in Guyana’s ongoing licensing round. Its co-founder and director, Edris Kamal Dookie, is quoted in the April 21 edition of Latin...

Hess Corporation is expected to report lower year-on-year earnings despite higher revenues for the first quarter of 2023 when it releases its financial results on April 26, according to the consensus estimate from analysts at Zack's Equity Research. This oil...