News

TechnipFMC announced a major integrated engineering, procurement, construction, and installation (iEPCI™) contract awarded by Petrobras. This contract, valued over US$1 billion, is for the Mero 3 HISEP® project, an endeavor utilizing subsea processing to capture and inject carbon dioxide-rich...

Guyana and Namibia are set to sit at the top as pivotal exploration hubs in the foreseeable future, according to predictions by S&P Global Commodity Insights analysts Ian Conway, Jack Rivers and Stuart Lewis.  ExxonMobil is the lead operator in...

Vice President Bharrat Jagdeo believes Guyana may need to start planning for another energy generation project to satisfy the country’s growing demand.  Current output has trouble meeting demand, and this leads to frequent power outages sometimes countrywide. A reliable solution...

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....