Key Takeaways BP plc (BP) , the British oil and gas giant, has reached a milestone for its Greater Tortue Ahmeyim ("GTA") project with the beginning of commercial operations by Golar LNG's floating liquefied natural gas (FLNG) unit. The GTA project is operated by BP with a 56% working interest. Other partners in this project are Kosmos Energy, Petrosen, and SMH, holding 27%, 10%, and 7% interest, respectively. Gimi FLNG Reaches Commercial Operations Date BP's Zacks Rank & Key Picks BP currently carries a Za ...

Key Takeaways XOM-led group earned $10.4B in Guyana profits in 2024, up 64% on rising output and favorable terms. XOM booked $4.7B in earnings as Guyana output climbed to 668,000 bpd by mid-Q2 2024. Guyana revoked a rival license, reinforcing the control of the consortium over the offshore oil basin.Exxon Mobil Corporation (XOM) and its partners, Hess Corporation (HES) and China’s CNOOC, reported a combined profit of $10.4 billion from their oil operations in Guyana in 2024, marking a 64% year-on-year jum ...

Successful handover of BW Adolo operations to BW Energy Gabon SA BW Offshore Limited (“BW Offshore”) and BW Energy Limited (“BW Energy”) announce that, with effect from 20 May 2025, operations and maintenance (“O&M”) of the FPSO BW Adolo have been handed over to BW Energy’s subsidiary, BW Energy Gabon SA (“BW Energy Gabon”). Under an amended bareboat charter, BW Offshore’s subsidiary retains ownership of the unit and will continue to lease the FPSO to BW Energy Gabon on the same terms as previously agreed w ...

VAALCO Energy (EGY) , a U.S.-based independent exploration and production firm, has outlined its plans related to oil and gas development at Côte d’Ivoire and Gabon in Africa. During its first-quarter 2025 earnings release, the company mentioned multiple plans for oil and gas developments, including drilling activities at Block CI-40 in Côte d’Ivoire and an extensive drilling campaign in Gabon.EGY’s plans in Côte d’Ivoire involve the refurbishment of the floating production storage and offloading vessel (FP ...

Group 1 - BW Energy Limited has qualified to trade on the OTCQX Best Market, upgrading from the Pink market, which enhances its visibility and accessibility for U.S. investors [1][2][3] - The company is recognized as a growth-focused oil and gas entity with production and development assets in Gabon, Namibia, and Brazil, aiming to increase engagement with a broader U.S. investor base [4][5] - BW Energy's strategy involves targeting proven offshore oil and gas reservoirs through low-risk phased developments, with significant interests in various fields and a total of 599 million barrels of oil equivalent in net 2P+2C reserves and resources projected for the start of 2025 [5] Group 2 - The OTCQX Market provides a platform for companies to meet high financial standards and best practice corporate governance, facilitating transparent trading for U.S. investors [3][4] - OTC Markets Group operates regulated markets for trading 12,000 U.S. and international securities, with a focus on data-driven disclosure standards [6][7]