The approval of Guyana’s third Stabroek Block development - Payara - in 2020 was a significant step forward, with one research and intelligence firm calling it one of the brightest lights in oil’s dark year. It came at a...

Van Oord has secured contracts for two major offshore wind projects: Baltic Power in the Baltic Sea and Greater Changhua 2b and 4 in Taiwan, with a combined value exceeding €500 million. The developments could provide clean energy to...

A high-level team from Japanese shipbuilding company MODEC recently met with Guyana's Foreign Secretary, Robert Persaud in Tokyo, where an update on its local content plan and project operations were discussed. Persaud was at the time on a visit...

McDermott International, Inc. has further expanded its involvement in one of India's most significant subsea projects by securing a large transportation and installation contract from the Oil and Natural Gas Corporation (ONGC) for the KG-DWN-98/2 development project. This development...

Staatsolie Hydrocarbon Institute N.V. (SHI), a subsidiary of Staatsolie Maatschappij Suriname N.V., has initiated a new opportunity for oil companies to engage in its offshore oil and gas sector. Staatsolie has announced an auction of eleven blocks within the...

Guyana’s Environmental Protection Agency (EPA) has put in place a series of robust measures to guide the Prosperity floating production storage and offloading (FPSO) vessel’s offloading operations for ExxonMobil’s Payara development project. The project, set to come online soon, is...

bp said in a November 6 release that it successfully started production from the Seagull oil and gas field in the United Kingdom (UK) North Sea. It said Seagull has been developed by Neptune Energy as a subsea tieback to...

The absence of major American companies operating in Guyana could create a vacuum that would allow for other players, such as Chinese-backed enterprises, to fill the gap. So says six-time Emmy Award-winning TV producer, Arick Wierson, in a November...

Advances Significant Future Gas / LNG Development OpportunityDALLAS--(BUSINESS WIRE)--Kosmos Energy Ltd. (“Kosmos” or the “Company”) (NYSE/LSE: KOS) announced today that it has increased its working interest to 90% and assumed operatorship, subject to customary government approvals, of the world-scale...

DALLAS--(BUSINESS WIRE)--Kosmos Energy Ltd. (“Kosmos” or the “Company”) (NYSE/LSE: KOS) announced today its financial and operating results for the third quarter of 2023. For the quarter, the Company generated a net income of $85 million, or $0.18 per diluted...