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• Guyana receives eight bids for offshore exploration following recent oil and gas boom
  Upstream Online says the Guyanese government has received eight...
  Upstream Online says the Guyanese government has received eight bids from international contractors for an offshore 3D seismic campaign following massive oil and gas discoveries in the country’s prolific waters.
  
  Georgetown aims to acquire 3D seismic data to aid in exploring and developing oil and gas resources in the Guyana-Suriname basin. This data will also be used for future bidding and licensing rounds.
  
  Vice President Bharrat Jagdeo mentioned that the government is running a pre-qualification process. Afterward, companies will be invited to submit commercial offers. Jagdeo hopes that 3D seismic studies will be available for all unallocated areas.
  
  In the 2023 competitive bid round, eight out of 14 offshore exploration blocks received bids, with contracts awarded to companies like ExxonMobil and TotalEnergies.
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• US drillers add oil and gas rigs for first time in 7 weeks
  According to Baker Hughes, an Energy Services firm, U.S. energy firms...
  According to Baker Hughes, an Energy Services firm, U.S. energy firms added oil and natural gas rigs for the first time in seven weeks this week, according to its closely followed report on Friday.
  
  The total oil and gas rig count, an early indicator of future output, rose by four to 585 in the week to July 5.
  
  Despite this week's rig increase, Baker Hughes said the total count was still down 95 rigs, or 14%, below this time last year.
  
  Baker Hughes said oil rigs were unchanged at 479 this week, holding at its lowest since December 2021, while gas rigs rose by four to 101.
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• France’s Far Right Is Denied a Majority by a Left Surge in Elections, Projections Show
  The left was...

  The left was set to surge in legislative elections in France on Sunday and the far right to come up short of expectations, according to early projections, as no party secured an absolute majority.

  
  

  In a surprising performance, the left-wing coalition, the New Popular Front, emerged as a front-runner for the most seats in two early projections, though the final results could change the picture.

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• Closing Oil & Gas Prices
  Benchmark U.S. crude oil for August delivery ...
  Benchmark U.S. crude oil for August delivery fell 72 cents to $83.16 per barrel Friday. Brent crude for September delivery fell 89 cents to $86.54 per barrel.
  
  Wholesale gasoline for August delivery fell 4 cents to $2.56 a gallon. August heating oil fell 3 cents to $2.60 a gallon. August natural gas fell 10 cents to $2.32 per 1,000 cubic feet.
  
  
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• S&P 500 ends holiday week at all-time high as Nasdaq books 3.5% weekly advance
  U.S. stocks finished higher Friday, with the S&P 500 notching a record...
  U.S. stocks finished higher Friday, with the S&P 500 notching a record high to close out a week of gains following the July 4 holiday.
  
  The Dow Jones Industrial Average rose 67.87 points, or 0.2%, to close at 39,375.87.
  
  The S&P 500 climbed 30.17 points, or 0.5%, to finish at 5,567.19.
  
  The Nasdaq Composite gained 164.46 points, or 0.9%, to end at 18,352.76.
  
  The S&P 500 booked its 34th record close of 2024, while the Nasdaq logged its 24th all-time closing high this year, according to Dow Jones Market Data.
  
  For the week, the Dow climbed 0.7%, the S&P 500 advanced 2% and the technology-heavy Nasdaq rallied 3.5%. The Nasdaq scored a fifth straight week of gains, posting its biggest weekly percentage rise since the stretch ending April 26, according to Dow Jones Market Data.
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