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Exploration

Sea-bob and Kiru-Kiru are next targets in major 12 well Stabroek Block campaign

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Hess Corporation’s Chief Operating Officer (COO) Greg Hill recently disclosed that upcoming wells in the second quarter for the Stabroek Block will include Sea-bob, targeting the Campanian reservoirs, located 10 miles south of the Yellowtail field. Kiru-Kiru is also...
News

Hess spent US$580M in first quarter for exploration, production works

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For the first quarter of 2022, Hess Corporation said its exploration and production expenditures totaled US$580 million compared with US$309 million in the prior quarter, primarily due to higher drilling and development activities in Guyana, the Bakken, and Malaysia. It...
News

Guyana is ‘Gateway to Opportunities’ at biggest oil and gas conference in the world

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The Guyana government said on Monday that it is the highlight of the Offshore Technology Conference once again, after opening its booth at the NRG Park, in Houston, Texas on Monday. “With the facilitating efforts of the Guyana Office for...
News

3-D Seismic operations continue offshore Guyana

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Multinational geoscience technology services company CGG Services (US) Inc. is continuing 3-D seismic operations off the Guyana coast beyond its Eastern Offshore Maritime boundary, with occasional ingress into the Corentyne Block which sits in the country’s Exclusive Economic Zone. The...
News

Stabroek Block production growth ramp is best in the industry

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A recent report by Wood Mackenzie has yet again reinforced Hess Corporation’s longstanding position that it sits on the ‘holy grail’ of the industry’s best oil provinces. During its company's first-quarter earnings call for 2022, Chief Executive Officer (CEO), John...
News

High-level Guyana contingent opens booth at Offshore Technology Conference 2022

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The iconic Offshore Technology Conference 2022 opened today with participation from a high-level Guyana group, consisting of government and private sector representatives. The Guyana booth is aptly titled ‘The Gateway to Opportunities’. OTC 2022 is scheduled to run for four...
News

Launch of Liza Phase 2 pushes China’s oil giant production up by more than 28%

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China's offshore oil giant CNOOC offshore assets in South America, led by the Stabroek Block in Guyana and Brazilian Libra and Buzlos Surplus projects, have been identified as important sources of future reserve and production growth for the company, according...
News

Constructive relationship between Guyana and IOCs pushing rapid development of oil resources

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The Guyana government’s early approval in April of the US$10 billion Yellowtail Project is a testimony of the “constructive relationship” it has with the International Oil Companies (IOCs) operating at the Stabroek Block, says Hess Corporation’s Chief Executive Officer,...
News

Maersk Drilling awarded additional three-well contract with Aker BP

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Maersk Drilling has secured a contract with Aker BP, on behalf of the Ivar Aasen license, who will employ the ultra-harsh environment jack-up rig Maersk Invincible for the drilling of three infill wells at the Ivar Aasen field offshore...
Exploration

Exxon eyes bigger production facilities, extending current projects – Darren Woods

OilNOW -
Guyana’s prolific Stabroek Block holds an estimated 11 billion barrels of oil equivalent with only a fraction of the 6.6 million acres (26,800 square kilometers) explored by operator ExxonMobil and its partners Hess and CNOOC so far. More exploration activities are on the...
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Moonilal appoints new boards for Trinidad’s state energy companies

Trinidad and Tobago's Energy Minister Roodal Moonilal on Monday issued letters of appointment to the new boards of directors...

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