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Liza Unity FPSO could begin journey to Guyana as early as mid-year – Hess

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While the Liza Phase 2 development remains on track for first oil in early 2022, the overall project, including the floating production storage and offloading (FPSO) vessel and the drilling and subsea infrastructure are approximately 85% complete. At this...
News

Hess reports US$97M loss for Q4 2020

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Hess Corporation, a 30% co-venturer on Guyana’s Stabroek Block, announced on Wednesday that it suffered a net loss of US$97 million, or $0.32 per common share, in the fourth quarter of 2020, compared with a net loss of US$222...
News

Condemnation of Maduro’s aggression towards Guyana mounts

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The United States and the Organisation of American States (OAS) on Wednesday added their voices to the mounting regional and international condemnation being directed to the Maduro regime over the illegal detention of Guyanese fishing vessels and their crew...
News

IMF oil price forecast could see Guyana earning around $50 million per lift this year

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The International Monetary Fund (IMF) said in an updated forecast that oil prices are expected to average just above $50/b in 2021, a more than 21% rise from 2020's depressed level, as the rollout of vaccines and fiscal stimulus...
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CGX looking to conduct long-overdue Guyana drill campaign, seeking approval from EPA

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CGX Resources Inc. has submitted applications to the Environmental Protection Agency (EPA) in Guyana for Environmental Authorization to drill two exploration wells offshore the South American country. The company has applied for approval to drill one well each at...
Exploration

Thirst for exploration to continue in 2021 with 38 High Impact Wells planned – IHS Markit

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The search for oil in key hotspots across the globe is expected to continue in earnest this year and this will see approximately 38 High Impact Wells (HIWs) being drilled, according to American-British information provider, IHS Markit. Jack Rivers, Director...
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Undeterred by heavy oil finds Eco says new Guyana campaign to target light crude play

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Undeterred by the results from the Jethro and Joe prospects on the Orinduik block which showed the presence of heavy oil, Eco Atlantic says it remains primed for a new campaign on the block which is expected to focus...
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Guyana operationalizes National Oil Spill Response Plan

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Guyana’s Civil Defence Commission (CDC) announced on Tuesday that it has operationalized the National Oil Spill Response Plan (NOSRP). In addition, the National Oil Spill Committee (NOCS) to support contingency planning and lead the policy direction of the management...
News

Search for more oil in Suriname underway at Tullow-operated Block 47

OilNOW -
A new drill campaign is set to get underway by Tullow Oil offshore Suriname at the Goliathberg Voltzberg North-1 (GVN-1) prospect at Block 47, targeting over 230 million barrels of oil. According to Ratio Petroleum, a 20% stakeholder in the...
News

Hess plugs over three-quarter billion dollars more into Guyana offshore operations

OilNOW -
Hess Corporation on Monday announced its 2021 Exploration & Production capital and exploratory budget of $1.9 billion with more than 41% allocated to offshore developments in Guyana where the company has a 30% stake in the prolific Stabroek block. CEO...
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Ali: Fighting transnational crime vital, protecting sovereignty is Guyana’s business

Guyana's President, Dr. Irfaan Ali made it clear today that protecting his country's sovereignty remains a top priority. The...

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