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Guyanese, Surinamese and Ecuadorian Presidents were invited to COP29

Guyanese, Surinamese and Ecuadorian Presidents were invited to COP29

Guyana , Suriname , Azerbaijan , Ecuador , Baku , Baki- , Rashad-novruzov , Ilham-aliyev , United-nations-framework-convention-on-climate-change , United-nations-framework-convention , Climate-change , Ambassador-extraordinary

Namibia's Oil Riches May Require Large Developments Mirroring Guyana's, TotalEnergies CEO Says

(Bloomberg) -- Namibia’s oil potential could one day match Guyana, where big discoveries have sparked an economic transformation and set the world’s biggest companies jostling for position. Most Read from BloombergJavier Milei Fuels Wild Rally That Makes Peso No. 1 in WorldUS Economy Slows and Inflation Jumps, Damping Soft-Landing HopesPlunging Home Prices, Fleeing Companies: Austin’s Glow Is FadingMalaysia in Talks With Tycoons on Casino to Revive $100 Billion Forest CityHuawei’s New Phone Runs

United-states , France , Venezuela , Namibia , Guyana , American , French , Galp-energia , Patrick-pouyanne , Bloomberg-businessweek , Exxon , Bloomberg

Hess Corporation increases oil and gas production from success in U.S. Bakken, offshore Guyana

Hess’ E&P net income was $997 million in Q1 2024, compared with $405 million in Q1 2023. Net production was 476,000 boed in Q1 2024, compared with 374,000 boed in the Q1 2023, primarily due to higher production in Guyana and the Bakken.

Stabroek , Demerara-mahaica , Guyana , Hess-corporation , Stabroek-block , North-malay-basin , Oil-and-gas , Roduction , Ess , Uyana , Akken

Exxon profit drops 28%, falls short of estimates

Exxon Mobil Corp on Friday missed analysts' estimates with a 28% year-on-year drop in first quarter profits as weaker refining margins and lower natural gas prices offset volume gains.

United-states , Guyana , American , Sonali-paul , Sabrina-valle , Cnooc , Exxon , Chevron , South-american , Endeavor-energy , Hes-guyana , Pioneer-natural-resources

US oil giants' profits dip as Exxon deal nears finish line

ExxonMobil and Chevron both reported a dip in profits Friday on lower refining margins and natural gas prices, but ExxonMobil's big takeover appears on track to close before Chevron's. While ExxonMobil's Pioneer deal appears on the cusp of closing, Chevron's proposed $53 billion takeover of Hess hit a speedbump following a challenge from ExxonMobil.

Stabroek , Demerara-mahaica , Guyana , United-states , Mike-wirth , Chevron , Exxonmobil , Pioneer-natural-resources , Exxonmobil-chief-executive-darren-woods , Stabroek-block , Executive-mike-wirth , Natural-gas-prices

Namibia's oil potential could match Guyana following significant offshore discoveries, TotalEnergies CEO reports

In the past two years, TotalEnergies, Shell Plc and Galp Energia SGPS SA have made finds off the southwest coast of Africa that turned sparsely populated Namibia into a hotspot for exploration. While no field has yet been given the green light for development, hopes are high in the country that an economic boom similar to that seen in Guyana could be on the cards.

Guyana , United-states , Venezuela , Namibia , France , American , French , Patrick-pouyanne , Galp-energia , Namibia-ministry-of-mines , Exxon , Shell-plc

Chevron exceeds Q2 expectations on strong oil production amidst ExxonMobil, Hess arbitration over Guyana

Adjusted first-quarter profit of $2.93 a share was 3 cents higher than the average of analyst estimates in the Bloomberg Consensus. Crude-oil production of almost 2 MMbpd exceeded forecasts.

Guyana , Kazakhstan , Stabroek , Demerara-mahaica , Mike-wirth , Exxon , Bloomberg , Chevron , Chevron-corp , Hess-corp , Exxon-mobil-corp , Exxon-mobil

Hess Corporation increases oil and gas production on backs success in U.S. Bakken, offshore Guyana

Hess’ E&P net income was $997 million in Q1 2024, compared with $405 million in Q1 2023. Net production was 476,000 boed in Q1 2024, compared with 374,000 boed in the Q1 2023, primarily due to higher production in Guyana and the Bakken.

Guyana , Stabroek , Demerara-mahaica , Hess-corporation , Stabroek-block , North-malay-basin , Oil-and-gas , Roduction , Ess , Uyana , Akken

Suriname's Resource Boom is Back on Track With First Oil Targeted for 2028

Suriname's oil boom hopes are back on track with TotalEnergies and APA planning to make the final investment decision on the Block 58 project by the end of 2024, targeting first oil in 2028.

Stabroek , Demerara-mahaica , Guyana , France , United-kingdom , Brazil , United-states , Paramaribo , Suriname , Netherlands , Dutch , French

An estimated 10bn barrels of oil discovered in Namibia

It may become the continent’s fourth largest producer by next decade

Brazil , United-states , Namibia , Portugal , Lisbon , Lisboa , Guyana , Angola , Portuguese , American , America , Galp-energia