China’s CNOOC reported a total net production of 180.1 million barrels of oil equivalent (boe) in the first quarter of 2024. It said the year-on-year (YoY) increase of 9.9% was driven by output in China, Canada and Guyana.  Its net...

ExxonMobil’s Chief Executive Officer (CEO) and Chairman of the Board, Darren Woods, hailed Guyana’s oil story as one that will be well remembered in the history of the oil and gas sector. “I believe Guyana will go down as...

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...

Schlumberger Limited (SLB) said it introduced groundbreaking technologies in Guyana, setting a new standard for performance in offshore operations for ExxonMobil, in the Stabroek Block. In an open-water-work campaign consisting of 13 wells, SLB said advanced tools revolutionized the drilling...

Guyana’s Stabroek Block jumped 38% in overall oil production in the first quarter of 2024, compared to the prior quarter.  In the fourth quarter of 2023, the three ExxonMobil-operated projects (Liza 1, 2 and Payara) collectively delivered 40.3 million barrels...

Subsea7 said the Pipeline Replacement Project 8 (PRP-8) offshore Brunei has been completed and delivered in line with Brunei Shell Petroleum Company (BSP) expectations. Shell and the Brunei government are 50:50 shareholders in BSP. PRP-8 is a turn-key project that...

State electricity company, Guyana Power and Light (GPL) has entered into a two-year contract with Urbacon Concessions Investments, W.L.L (UCI), as announced on April 13, 2024. The agreement involves the chartering of a power ship that boasts a considerable...

Dutch manufacturer Strohm has secured its third and largest ever contract for pipe supply, to be provided for ExxonMobil's 250,000 barrels per day Whiptail development project offshore Guyana.  Strohm will supply its TCP (thermoplastic composite pipe) “Jumper on Demand” for...

LONDON--(BUSINESS WIRE)--Hunting PLC (LSE:HTG), the global engineering group, issues the following Trading Update for Q1 2024, ahead of its Annual General Meeting that will take place today at 10:30a.m. BST in London. Highlights Positive start to the year, with EBITDA of...

Guyana President Dr. Mohamed Irfaan Ali believes that 45 days after receipt of a correct invoice is too long a wait period for oil companies to pay their contractors. The President discussed the matter at the Local Content Summit...