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U.S. businesses risk losing ground to China in fastest growing economy in the world

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...

Kosmos Energy Increases Working Interest and Assumes Operatorship of Yakaar-Teranga

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...

Kosmos Energy Announces Third Quarter 2023 Results

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...

‘We feel our name is tied to whether this is a success for Guyana’ – Routledge tells WSJ

ExxonMobil Guyana president, Alistair Routledge, has made it clear that the company's reputation is intimately linked to the impact of its large oil projects in Guyana. "We feel our name is now tied to whether this is a success...

CGX, Frontera and the Corentyne block: What to look out for

CGX Energy and Frontera Energy are expected to report to the market soon about their plans for the Corentyne block offshore Guyana. Frontera’s earnings report for the third quarter is expected on November 9, and CGX’s usually falls in...

Italian energy group Saipem bounces back with record orders, improved margins

Saipem, the Italian energy services group, is making significant strides in its recovery efforts. The company is nearing the completion of troublesome projects that prompted a capital raise last year, according to the chief executive officer, Alessandro Puliti. He...

First half of Guyana technical training center for completion this quarter – Routledge

By next year, the Guyana Technical Training College Incorporated (GTTCI) will commence operations, as the first half is slated for completion this quarter. This is according to ExxonMobil Guyana President, Alistair Routledge.  “...we will see, by the beginning of next...

Seaway7 gets substantial award for work in Baltic Sea

Seaway7, part of the Subsea7 Group, confirmed on October 24, the award of a substantial contract by Equinor and Polenergia for the inter-array cables of the MFW Bałtyk II and MFW Bałtyk III bottom-fixed offshore wind projects, in the Polish...

Potential for €2.55 billion Sustainable Aviation Fuel (SAF) Industry in Ireland by 2050

SAF Industry could provide up to 1,000 high-skilled jobs Policy changes needed to help accelerate pathway for SAF production Feasibility study by SkyNRG and SFS Ireland, supported by Avolon, Boeing, ORIX Aviation DUBLIN--(BUSINESS WIRE)--Ireland has the potential to develop a sustainable aviation...

Chevron to buy out Hess Corp., will gain access to worldclass Guyana play

Chevron Corporation announced on Monday that it has entered into a definitive agreement with Hess Corporation to acquire all of the outstanding shares of Hess in an all-stock transaction valued at $53 billion, or $171 per share based on...

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Nigeria targets up to US$50 billion in offshore investment as it competes with Guyana for oil capital

Nigeria expects to attract between US$30 billion and US$50 billion in offshore oil and gas investment by 2030 as...