U.S. multinational energy company Chevron has warned of a significant financial hit in the fourth quarter of 2023, with an estimated impairment of up to $4 billion, according to an Upstream Online report. This substantial figure is directly related...

ExxonMobil Guyana’s fibre optic cable has landed, Guyana Vice President Bharrat Jagdeo said during a December 28 press conference. Ongoing construction of an offshore command centre at Ogle, East Coast Demerara, is expected to conclude this year. The installation of...

ORANGE, Conn.--(BUSINESS WIRE)--AVANGRID, Inc. (NYSE: AGR), a leading sustainable energy company and member of the Iberdrola Group, issued the following statement today on the previously announced merger agreement with PNM Resources, Inc. (PNM). “Since 2020, Avangrid, a national leader in...

The world's fastest growing economy, powered by massive oil reserves off its coast, is targeting major development projects in 2024. ...

Here are the stories that you, the readers, were most interested in, last year: January: Exxon strikes more oil at Fangtooth well offshore Guyana The first discovery made offshore Guyana in 2023 was at Fangtooth Southeast, an appraisal well that indicated...

HOUSTON--(BUSINESS WIRE)--Helix Energy Solutions Group, Inc. (NYSE: HLX) announced today that its 6.75% Convertible Senior Notes due 2026 (the “Notes”) will remain convertible at the option of the holders from January 1, 2024 through March 31, 2024, as provided...

Audun Martinsen, Head of Supply Chain Research at Rystad Energy, predicts heightened reliance on local content requirements within the oil and gas sector amidst mounting supply chain concerns for 2024. Martinsen highlighted the increasing focus on re-shoring services and...

MODEC, in collaboration with Toray Industries, has unveiled a carbon fiber-reinforced plastic (CFRP) patch technique designed specifically for repairs on floating production, storage and offloading (FPSO) and floating storage and offloading (FSO) systems. As part of its FPSO and FSO...

A massive infrastructure transformation and construction boom in South America’s lone English-speaking country are the most visible signs of the nation’s newfound wealth which is being delivered by huge oil fields under development offshore. And the latest World Economic...

TotalEnergies and partners EDF and Sumitomo Corporation have embarked on a joint venture to develop the Mphanda Nkuwa hydropower project (MNK). The consortium, comprising EDF (40%), TotalEnergies (30%), and Sumitomo Corporation (30%), has been chosen by the Mozambican government...