Hess Corporation said on April 26 that the Kokwari-1 exploration well in the Stabroek Block offshore Guyana did not encounter commercial quantities of hydrocarbons.
Hess’ Chief Operating Officer (COO), Greg Hill noted that Kokwari was a higher-risk carbonate play that...
ExxonMobil Guyana announced on Thursday that it has made a final investment decision (FID) on the Uaru development, its fifth such project offshore the South American country. Exxon is the operator of the Stabroek Block, where the project will...
Guyana's Environmental Protection Agency (EPA) moments ago approved ExxonMobil's fifth Stabroek Block development, Uaru. This will take production above one million barrels per day.
The new permit has these key updates as noted in the EPA's release:
Flaring
Like its predecessors,...
By Wilberne Persaud
Dashan Hendricks, Jamaica Observer’s Business Content Manager, sought Economist Damien King’s opinion on Guyana’s development prospects based on windfall oil and gas returns. The March 17, 2023 result: “‘Mark my words’… King fears resource curse could...
Guyana’s extension to its maiden licensing round presents a window of opportunity for its cyber security to be strengthened.
This is according to Riyad Insanally, former Ambassador of Guyana to the United States.
His comments, captured in the recent edition of...
American oil producer Hess Corporation disclosed on April 26 that it earned net income of US$346 million, or US$1.13 per share, in the first quarter of 2023, compared with net income of US$417 million, or US$1.34 per share, in...
bp’s decision to produce oil and gas for longer than it intended has sparked concerns from shareholders who are set to put a vote against the Chief Executive Officer (CEO) Benard Looney.
According to Reuters, one investment advisory firm PIRC...
The Government of Guyana is expected to provide approval this week for Uaru, the fifth project in the Stabroek Block, says Hess Corporation’s Chief Executive Officer (CEO), John Hess.
During his company’s 2023 first quarter earnings call on Wednesday, Hess...
Hess Corporation on Wednesday announced a new oil discovery at the Lancetfish-1 well on the Stabroek Block, offshore Guyana. The Lancetfish-1 well encountered approximately 92 feet of oil-bearing sandstone reservoir.
The well was drilled in 5,843 feet of water by...
Ramps Logistics Guyana Inc. (RLG) has been cleared by the Guyana Magistrates’ Court on all charges of fraud, the company said in a release. The matter was brought before the court by the Guyana Revenue Authority (GRA) in October,...
Staatsolie Maatschappij Suriname N.V. and Suriname’s Tax Department have launched a three-year capacity-building program to strengthen tax and customs...
