News

Halliburton Company has been named to the 2023 Dow Jones Sustainability Indices (DJSI). 2023 marks the third consecutive year that the company has been named to the list. On top of that, Halliburton said in a release that the...

PETRONAS and ExxonMobil are seeking to hit a third jackpot in Suriname’s offshore block 52.  Last November, PETRONAS hit pay at the Roystonea-1 exploration well. It reached a total depth of 5,315 meters. Petronas said that the discovery is poised to...

APA Corporation, a US energy firm, has announced a definitive agreement to acquire Callon Petroleum Company in an all-stock transaction valued at approximately US$4.5 billion. This amount includes Callon's net debt. The strategic move will see each share of...

Guyana Vice President Bharrat Jagdeo has indicated that ExxonMobil's Whiptail project, set to produce 250,000 barrels of oil per day (bpd), is on track for approval in the first quarter of 2024. Responding to inquiries about the approval's Q1...

ExxonMobil has alerted investors about an anticipated US$2.5 billion write-down, primarily linked to its California operations.  The revelation, disclosed in a Jan. 4 filing, aligns closely with Chevron Corp.'s recent announcement of substantial write-downs attributed significantly to California's energy policies. ExxonMobil’s...

The third budget to be backed by Guyana’s oil revenues is expected to be read in the National Assembly later this month.  This was revealed by the Vice President Bharrat Jagdeo on Jan. 4.  Preparations for the budget started back in...

Talos Energy said it successfully started oil and natural gas production at Talos's Lime Rock and Venice discoveries, in a Jan. 3 release. The discoveries are located near its 100% owned and operated Ram Powell platform in the U.S....

Suriname’s first offshore oil discovery was made in 2020 at the Maka Central-1 well in Block 58. Since then, more than eight discoveries have been made in several blocks. The Suriname basin is estimated to hold over 30 billion...

ExxonMobil will host an informational forum for Guyanese businesses interested in supporting local oil and gas drilling activities. The January 11 forum will be held at the Marriott Hotel in Kingston, Georgetown from 1 p.m.  The company said its major partners...

Guyana’s Vice President, Bharrat Jagdeo conveyed that foreign investors did not convey reservations about recent heightened aggression from Venezuela. The matter had raised international concern when overtures by Venezuela appeared to indicate a plan to annex Guyana’s Essequibo region. During...