Hess Corporation (NYSE:HES) announced on Friday that it has entered into an agreement to sell its joint venture interests in the Utica shale play in eastern Ohio to Ascent Resources – Utica, LLC for net cash consideration of approximately $400 million, effective April 1.
“We continue to focus our...
Staatsolie Maatschappij Suriname N.V. and its new partner UK-based Cairn Energy signed a production sharing contract for offshore Block 61 on June 26. Cairn Energy will search for oil in offshore Suriname.
In a statement Staatsolie said Cairn will kick-off...
The following is an extract from a previous article I contributed to for OilNOW in November 2017.
“Canadian oil and gas consultant Rob Strong is adamant that much more oil will be found in the Guyana-Suriname Basin, in keeping with...
Eco (Atlantic) Oil and Gas’ Chief Operating Officer Colin Kinley said that both jack up and semi-submersible drilling targets in the Orinduik block offshore Guyana reflect very positive economics for development.
Kinley said, "Exxon's Longtail-1 discovery in the Stabroek Block, further...
Just days before ExxonMobil announced its eight oil discovery offshore Guyana, former Trinidad and Tobago Energy Minister, Kevin Ramnarine, told OilNOW he is of the view that Guyana is emerging as the senior partner in the basin shared with...
Schlumberger Guyana, a subsidiary of the world-class oilfield services company Schlumberger, is in the process of constructing a drilling fluids facility to support the operations of ExxonMobil with regards to the Liza development.
This is according to an advertisement placed...
(MercoPress) Uruguay will move towards a permanent offer process for offshore oil blocks as other Latin American countries have done, after an April auction failed to attract bids, Industry, Energy and Mining Minister Carolina Cosse said in an interview.
Uruguay...
100% Guyanese-owned Strategic Recruitment Solutions (SRS) is gearing up to offer a range of manpower services with special focus on the South American country’s emerging oil and gas sector.
Through an “ethics first” approach the company is aiming to be...
Senior Assistant Registrar (retired) for the Caribbean Examinations Council (CXC), Dr. Gordon Harewood, said Guyana is on the verge of exciting times in the history of the country.
Speaking at a workshop for Senior Education Officials on curriculum review at...
Speaking at a reception on Tuesday to mark the start of the development phase of Liza Phase 1 in Guyana, the country’s Minister of Natural Resources, Raphael Trotman, said responsible governments do not arbitrarily redefine contract terms with a company...