The oil majors ExxonMobil, TotalEnergies, Chevron, and Shell are gradually expanding their presence in the Guyana-Suriname Basin. With some contracts expected to be finalized in 2024, these four companies will have stakes in 15 offshore blocks, amounting to more...

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...

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....

ExxonMobil will host an informational forum for Guyanese businesses interested in supporting local oil and gas drilling activities. The January 11 forum will be held at the Marriott Hotel in Kingston, Georgetown from 1 p.m.  The company said its major partners...

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...