The International Court of Justice (ICJ), as part of a formal process in the first stage of proceedings, will study the question of jurisdiction regarding the Guyana-Venezuela border controversy case currently engaging its attention.
The oil-producing nation of Venezuela announced...
Hess Corporation (NYSE:HES) announced on Friday that it has entered into an agreement to sell its joint venture interests in the Utica shale play in eastern Ohio to Ascent Resources – Utica, LLC for net cash consideration of approximately $400 million, effective April 1.
“We continue to focus our...
ExxonMobil has submitted its draft Environmental Impact Assessment for the Liza Phase 2 development project to the Environmental Protection Agency in Guyana and a series of public consultations on the document is expected get underway by mid-July.
“There’s a 60-day...
Staatsolie Maatschappij Suriname N.V. and its new partner UK-based Cairn Energy signed a production sharing contract for offshore Block 61 on June 26. Cairn Energy will search for oil in offshore Suriname.
In a statement Staatsolie said Cairn will kick-off...
Guyana is becoming increasingly important to ExxonMobil’s portfolio and could account for 7 percent of its overall production by 2027.
Tom Ellacott, Senior Vice President, Corporate Research at Wood Mackenzie says the South American country “is really going from strength...
UK-based industry analyst, Wood Mackenzie, says the most recent oil discovery made by ExxonMobil in Guyana could push daily production to 700,000 barrels of oil per day by 2027 while estimating total recoverable reserves in the Stabroek Block to...
Eco (Atlantic) Oil and Gas’ Chief Operating Officer Colin Kinley said that both jack up and semi-submersible drilling targets in the Orinduik block offshore Guyana reflect very positive economics for development.
Kinley said, "Exxon's Longtail-1 discovery in the Stabroek Block, further...
Kosmos Energy (NYSE: KOS) (LSE: KOS) said Tuesday that drilling at the Anapai-1A exploration well located in Block 45 offshore Suriname has failed to find any hydrocarbons.
Anapai-1A was drilled to a total depth of 4,556 meters and was designed to...
The World Bank Group announced on Monday that it has approved a US$35 million Development Policy Credit to support Guyana’s efforts to strengthen financial sector development and fiscal management to better prepare the country to benefit from its newly...
Fresh off of its eight oil discovery offshore Guyana, ExxonMobil is set to continue its exploration campaign at Hammerhead-1 in the 6.6 million acres Stabroek Block.
Senior Director, Public and Government Affairs, Kimberly Brasington, said the Stena Carron will soon...
The partnership between the Iwokrama International Centre for Rainforest Conservation and Development and ExxonMobil Guyana is delivering measurable results...
