The MODU Stena DrillMax will be used to continue development drilling activities at ExxonMobil Guyana’s Yellowtail well site in the offshore Stabroek Block.
An April 27 Notice to Mariners by the Maritime Administration Department (MARAD) said the exercise will conclude...
The Fangtooth reservoir is shaping up nicely to become ExxonMobil’s 7th Stabroek Block development.
This fact is supported by its latest discovery - Lancetfish-1, according to Greg Hill, Chief Operations Officer (COO) at Hess Corporation. Hess holds a 30% stake...
Ysmel Serrano, ex-Vice President of Venezuela’s state-run PDVSA is the latest top-ranking official to be slapped with charges as investigations progress into the billion-dollar oil scandal. He served in the post and acted as trade chief between 2017 and...
Guyana’s Liza Phase 2 Project and its accompanying Liza Unity production vessel are expected to undergo a series of maintenance and debottlenecking activities that will push production from 220,000 barrels of oil per day (bopd) to 250,000 bopd by...
Oil price jumps have led to a recent public spat between the International Energy Agency (IEA) and oil group Organisation of Petroleum Exporting Countries (OPEC).
OPEC lashed out at IEA after its Executive Director Fatih Birol in a Bloomberg interview...
Guyana’s Ministry of Natural Resources (MNR) announced approval of the Uaru Field Development Plan and the issuance of the Uaru Petroleum Production License, on April 28.
Hess Corporation, a 30% stakeholder in the project, said it made a final investment...
ExxonMobil Corporation announced first-quarter 2023 earnings of US$11.4 billion, or US$2.79 per share assuming dilution - a drop from US$12.8 billion in the last quarter. The result aligned with its Securities and Exchange Commission (SEC) 8-K filings, triggered by...
With regulatory approvals granted for Exxon’s fifth Guyana development - Uaru, next up on the list is number six - Whiptail.
This development is expected to tap Exxon’s Whiptail, Pinktail and Tilapia discoveries, taking production offshore the South American country...
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...