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...
ExxonMobil is targeting the Trumpetfish-1 and Redmouth-1 wells next in its Stabroek Block exploration campaign.
According to notices from Guyana’s Maritime Administration Department (MARAD), drilling at Trumpetfish-1 is scheduled to conclude on April 30 while drilling at Redmouth-1 is scheduled...
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 Stena DrillMAX is sailing across the Atlantic, on its way to Newfoundland to assist with an ExxonMobil-led campaign.
The vessel will be used to drill the Persephone wildcat well of Exploration License (EL) 1169. The license area lies in...
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 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...
