ExxonMobil, operator of Guyana’s Stabroek Block, is well positioned to optimise its offshore projects, thereby delivering hundreds of millions in additional annual revenues. Liza Phase 2 and Payara, ExxonMobil’s second and third Stabroek Block projects, each have the capacity...

President and Chief Operating Officer of Hess Corporation, Greg Hill, said the hull for the Yellowtail oil production vessel is complete, and sitting in Indonesian waters, waiting to travel to Singapore one the Prosperity, another Guyana-bound vessel, is complete. Prosperity...

Today, Guyana joins the globe in celebrating World Environment Day 2022. This year’s campaign “Only One Earth” calls for collective, transformative action on a global scale to celebrate, protect and restore the planet. For many countries restoring the planet will prove...

Guyana's offshore Stabroek Block developments have been outstanding performers when it comes to pace and efficiency. Hess Corporation’s Chief Executive Officer (CEO), John Hess said the projects come on two to three times faster than any other global offshore...

The International Monetary Fund (IMF) has thrown its support behind Guyana’s plans to bring down electricity costs, which include the implementation of the transformative gas-to-energy project. The initiative will see the construction and operation of a pipeline from the Liza...

Chairman and Chief Executive Officer (CEO) of ExxonMobil, Darren Woods has highlighted that the oil giant is on a strong trajectory to meet the future energy demands of the world with Guyana remaining one of the key drivers of...

TechnipFMC (NYSE: FTI) has been awarded a significant engineering, procurement, construction, and installation (EPCI) contract by Equinor for subsea tiebacks for the Halten East development on the Norwegian Continental Shelf. For TechnipFMC, a “significant” contract is between $75million and $250million. The contract...

ExxonMobil’s announcement of three new discoveries at the Stabroek Block offshore Guyana in April is driving a massive accumulation of hydrocarbon resources offshore the South American country. Hess Corporation, a 30% stakeholder in the Stabroek Block, said this latest success...

In its latest Upstream Report released this month, Rystad Energy said when comparing capex guidance for 2022 with actual spending in 2021, US oil major ExxonMobil is among those companies set to face the largest year-on-year growth. Hess Corporation,...

Guyana’s Natural Resource Fund (NRF) balance increased by GY$4,427,198,000 in April, according to a report from the Central Bank of Guyana. GY$4,390,903,000 (approximately US$21,059,487) in royalties were paid by Stabroek Block co-venturers in the month of April, and deposited into...