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Hess’ 2022 first quarter net income soars to US$417M

OilNOW -
Hess Corporation reported on Wednesday morning that it held a net income of US$417 million, or US$1.34 per share, in the first quarter of 2022, compared with net income of US$252 million, or US$0.82 per share, in the first...
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Exxon hikes capacity at Liza Destiny, schedules Payara for early startup

OilNOW -
In addition to the announcement of three new discoveries on Tuesday, ExxonMobil Guyana bore more good news with its hiking of production capacity at Liza Phase One and scheduled first oil for the Payara project. Liza Phase One The company increased...
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At current oil price, Yellowtail Project holds GY$19.3 trillion worth of oil

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Ahead of its 2022 first quarter earnings call this morning, Hess Corporation disclosed that the Yellowtail Project is expected to develop a gross resource base of approximately 925 million barrels of oil. At current market price for Brent crude, (US$100...
Discoveries

Exxon is 5 for 5 offshore Guyana with success rate now exceeding 90%

OilNOW -
ExxonMobil has entered the new year with huge success off the coast of Guyana, delivering five discoveries from five attempts at hitting commercial crude in the block that keeps on giving. The company also increased its recoverable resource estimate...
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Woodside targets 231 million barrels offshore Senegal; first oil on track for 2023

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Woodside Petroleum said it is on track to deliver first oil in 2023 from the Sangomar field, which Senegal authorities approved in January 2020. The government approved Phase One of this field development, which will target 231 million barrels. “This...
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Guyana accessing US$27M IDB loan to boost human capital for managing oil resources

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The Government of Guyana will soon be able to utilize a US$27M loan from the Inter-American Development Bank (IDB) to help build up the human capital that is required to manage the nation’s massive oil resources. The financial agency outlined...
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TechnipFMC moves all subsea assembly from Trinidad to Guyana with new Houston Base

OilNOW -
From wellheads to pipelines, TechnipFMC is one of the leading technology providers in the traditional and new energies industry, delivering fully integrated products and services. TechnipFMC established a presence in Guyana back in 2016 and six years later, on Tuesday,...
Discoveries

Oil Minister says “thriving future for generations ahead” as Exxon announces three new discoveries

OilNOW -
With three new discoveries announced by oil major ExxonMobil in Guyana’s prolific Stabroek Block, Minister of Natural Resources Vickram Bharrat sees a thriving future for generations ahead. Subsequently, after Exxon’s announcement, Bharrat shared that the new discoveries add to “Guyana’s growing legacy”...
Discoveries

Exxon triple discoveries catapult Guyana resource base to almost 11 billion barrels

OilNOW -
ExxonMobil has made three new discoveries offshore Guyana and increased its estimate of the recoverable resource for the Stabroek Block to nearly 11 billion oil-equivalent barrels. The three discoveries are southeast of the Liza and Payara developments and bring to...
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No way Guyana can lose from ‘single most transformational project’ in its history – Bharrat

OilNOW -
Guyana’s Gas-to-Energy project is a win-win for the country. In fact, its Minister of Natural Resources Vickram Bharrat holds the strong position that the country simply cannot lose when the project comes on stream in 2025. He dubbed it “the...
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Guyana gas resources set to power new state-of-the-art AI data centre

In a bold step toward shaping the future of technology in South America and the Caribbean, the Government of...

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