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Guyana business group, UN sign declaration to foster social and economic development

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The Georgetown Chamber of Commerce and Industry (GCCI) and the United Nations on July 29 signed a Declaration to foster social and economic development, at the conclusion of National Small Business Week. The Declaration was signed by GCCI’s President, Mr....
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Advantaged projects in Guyana, Permian delivered record production in Q2 2023 – Exxon’s CFO

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ExxonMobil Corporation’s Senior Vice President, Kathy Mikells revealed on Friday that the company’s advantaged projects in Guyana and the Permian Basin in the U.S., delivered strong volume contributions for the 2023 second quarter.  During her outline of Exxon’s Upstream business,...
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At COP28, developing countries’ right to economic prosperity with hydrocarbons must be heard – Hess CEO

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At the 2023 United Nations Climate Change Conference of the Parties (COP 28) set to be held in Dubai later this year, developing countries’ right to economic prosperity with their hydrocarbon resources must not be swept under the proverbial...
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Dragon Gas talks: Venezuela refusing to accept US terms – Rowley

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Negotiations concerning the ongoing Dragon Gas project have reached an impasse, as Venezuela and the United States appear reluctant to adjust their current positions, according to Prime Minister Dr. Keith Rowley of Trinidad and Tobago. The protracted negotiations have...
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Five Stabroek Block projects have industry-leading breakevens in range of US$25-35 per barrel Brent

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With 11 billion barrels of oil equivalent resources unlocked along with a license to drill an additional 35 wells by 2028, Guyana’s Stabroek Block certainly holds the key to Hess Corporation delivering more than 10 percent production growth annually....
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Guyana’s oil production could close 2023 over 500,000 bpd 

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Guyana’s Liza Phase Two Project is expected to see a 30,000 barrel-per-day increase by the year’s end. This was recently revealed by Hess Corporation’s Chief Operating Officer (COO), Greg Hill. The Hess official noted that the Liza Unity floating production,...
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A tale of two pipelines: US, Guyana projects forge ahead, despite environmental lobby

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The Mountain Valley pipeline project is one of many marred by delays due to regulatory and legal battles with environmentalists. But now, the project is a go, after a U.S. Supreme Court granted lifts on stays that halted its...
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SBM Offshore Guyana Announces Scholarship Program for Indigenous Women

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SBM Offshore Guyana has taken a significant step towards fostering education with the launch of its Scholarship Programme for Indigenous Women in STEM. The program, unveiled on July 19 in the new oil producing South American country, aims to...
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It’s in Exxon’s interest to show increased resources but they have to analyse the data – Jagdeo

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More than a year has passed since ExxonMobil last updated its estimate of the proven Stabroek Block resources, raising the bar to an impressive 11 billion oil-equivalent barrels. In the time since, there have been several significant commercial discoveries...
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Uaru SURF contract among Saipem’s biggest for Q2 as revenues soar to €5.3 billion

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Oilfield giant, Saipem recorded €5.3 billion in revenues for the second quarter of 2023, bolstered by several mega contracts including one for ExxonMobil Guyana’s massive Uaru development. That figure is up from €4.2 billion in the same period last...
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Decision reached in arbitration over Hess’ stake in Guyana’s Stabroek Block

A decision has been reached in the high-stakes arbitration between ExxonMobil and Hess Corporation over a prized oil asset...

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