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Touchstone advances Cascadura construction and Royston-1X testing

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Touchstone Exploration Inc. has shared updates on the construction of the Cascadura facility and the ongoing Royston-1X production testing. These are the company's key projects on the Ortoire block, located onshore in the Republic of Trinidad and Tobago. In the...
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Basher-1, Lancetfish-2 new targets in Stabroek Block drill campaign – Hess President

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The search for more oil in Guyana’s Stabroek Block remains at a steady pace with the partners announcing more prospects to be tapped.  Chief Operations Officer and President of Hess Corporation, Greg Hill shared that the partners plan to drill...
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Sunak faces backlash as government pushes for new oil and gas licences to tackle energy crisis

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Hundreds of new oil and gas licences will be doled out in the UK, Prime Minister Rishi Sunak announced on July 31, sparking ire from environmentalists in the face of growing climate concerns.  Sunak in a brief statement said “Now,...
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El Dorado Offshore and New Amsterdam Technical Institute in new workforce development deal

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In a move to enhance the technical workforce in Guyana, El Dorado Offshore (EDO) and the New Amsterdam Technical Institute (NATI) have signed a Memorandum of Understanding (MOU). This strategic partnership will center around offering technical education and career...
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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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Guyana must transform its oil boom into sustainable, broad-based prosperity – Minister Ally 

Guyana’s Minister of Public Service, Government Efficiency and Implementation, Zulfikar Ally, has called on business leaders to convert the...

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