Elections are scheduled to be held in Venezuela on July 28, 2024 - the day that would have been Hugo Chavez's 70th birthday - to choose a president for a six-year term beginning on 10 January 2025. While this...
Factors affecting the global oil market have been plenty but prices have remained fairly balanced, said Carlos Pascual, Senior Vice President for Global Energy and International Affairs at S&P Global Commodity Insights. That is because of “strong oil balances”...
ExxonMobil has placed Guyana in the ranks of its top three deepwater developments around the world, according to the President of its Upstream Company, Liam Mallon.
But in a few years, with the way producing is heading, its rank can...
Petrobras, the Brazilian state-owned oil giant, has reported a net income of BRL 124.6 billion in 2023, marking its second-highest financial performance in history. Accompanying this figure are what Petrobras termed record-breaking results in
earnings before interest, taxes, depreciation, and...
CNOOC Limited said it has made a major oilfield discovery at the Kaiping South field in the deep-water deep-play of the South China Sea, which adds over a hundred million tons of oil equivalent proved in-place volume.
The Kaiping South...
The Stena Carron left Guyana for Spain two months ago for its Special Periodic Survey (SPS). The maintenance procedure is almost over, Stena said in a recent LinkedIn update.
Stena said the rig underwent a replacement of its thrusters.
Maintenance was...
Representatives of both the Guyana government and main opposition party on Thursday refuted claims that Stabroek Block co-venturers ExxonMobil, Hess and CNOOC are shortchanging the country in quarterly royalty payments.
Economic Advisor in the opposition party, Elson Low, said that...
With the clock ticking, Venezuela has just one month remaining to present its counter-memorial to the International Court of Justice (ICJ) in the ongoing border controversy with Guyana. The deadline set by the Court is April 8, 2024. This...
By the third quarter of 2024, Saipem Guyana is set to occupy 81,000 square meters (m2) of the Vreed-en-Hoop Shore Base Inc. (VEHSI) facility, allowing it to fabricate “more complex” subsea structures for the country’s booming oil industry.
Saipem is...
To bolster its position in the Asian market, Blue Water has announced its official acquisition of Zodiac Solutions, paving the way for its expansion into South Korea. This strategic development took place at the Korea - Denmark Offshore Wind...
