Friday, September 29, 2023

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Fangtooth-1 unlocks new play; will ‘add significantly’ to 10-billion-barrel oil resource – Hess

While the recent Fangtooth-1 discovery augments the list of over 20 significant finds in the Stabroek Block by operator ExxonMobil, its value should not be overlooked or underappreciated, says Hess Corporation’s Chief Executive Officer (CEO), John Hess. During Goldman Sachs’...

Ali gov’t gave clear instructions for oil pursuit to be cost effective, environmentally friendly, says Hess CEO

While both President, Dr Irfaan Ali and Vice President, Dr. Bharrat Jagdeo have categorically stated that Guyana has a right to develop its oil resources for the benefit of its people, it has no intention of allowing the Stabroek...

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S&P expects first Payara crude cargoes to load in November

Guyana's emerging Payara Gold crude is on schedule for its first official loading in November. This update is based...