Today, ExxonMobil reported first-quarter earnings of US$7.7 billion, down from US$8.2 billion in the same period last year. The company said the decline was mainly due to weaker industry refining margins, lower crude prices, strategic divestments, and higher expenses...
China’s CNOOC Limited reported this week that its oil and gas production rose 4.8% year-on-year to 188.8 million barrels of oil equivalent (boe) in the first quarter of 2025, underpinned by stronger domestic output.
In its first quarter report released...
Subsea 7 announced that the Subsea Integration Alliance (SIA) has secured the engineering, procurement, construction, and installation (EPCI) contract for bp’s Ginger project, offshore Trinidad and Tobago.
The Ginger award is the first under a new global framework agreement between...
Guyana said Thursday that the International Court of Justice (ICJ) has ordered Venezuela not to conduct or prepare to conduct elections in the resource-rich Essequibo region, which is administered by Guyana but claimed by its western neighbor.
President Irfaan Ali...
Saudi Arabia is expected to anchor the next decade of global oil supply. But Venezuela’s uncertain future remains a critical variable that could disrupt a tightening and increasingly concentrated energy landscape, according to a recent Rystad Energy report.
Venezuela holds...
Hess Corporation posted net income of US$430 million, or US$1.39 per share, for the first quarter of 2025. This marks a sharp decline from US$972 million, or US$3.16 per share, in the same period last year.
On an adjusted basis,...
Gas will be taking center stage at this year’s Suriname Energy Oil and Gas Summit (SEOGS) set for June 17 - 20. According to the SEOGS website, a pre-summit gas masterclass and technical sessions will focus on gas supply,...
The Export-Import Bank of the United States (EXIM) has awarded its prestigious Deal of the Year Award to the Guyana Gas-to-Energy Project at the 2025 annual conference, the institution announced on April 30.
The winning collaboration includes Lindsayca, CH4 Systems,...
Oil companies operating in Guyana would be liable for all damages caused by an oil spill incident they cause, including the costs of removal and the restoration of the environment as far as practicable, under proposed legislation tabled in...
