ExxonMobil’s only discovery in the Stabroek Block in 2024 - Bluefin is estimated to hold some 500 million barrels of recoverable resources, according to Rystad Energy.
The Bluefin well encountered approximately 197 feet (60 meters) of hydrocarbon-bearing sandstone and was...
Hess Corporation is optimistic about its merger with Chevron, asserting confidence that the deal will overcome arbitration hurdles and close by the third quarter of 2025. The merger, valued for its strategic alignment, aims to create a leading oil...
Guyana Deep Water Operations Incorporated (GDO), the local affiliate of SBM Offshore, has issued a Request for Information (RFI) to identify Guyanese manufacturers capable of supplying construction-grade coveralls.
The company aims to engage local suppliers to meet its operational needs...
Guyana’s fourth Stabroek Block development, Yellowtail, is approximately 95% complete, according to an update from Hess's Chief Executive Officer, John Hess, speaking at the recent Goldman Sachs conference.
The Yellowtail Development includes six drill centers and up to 67 wells,...
Despite its smaller scale and heavier crude, the Hammerhead field is still economically viable, according to John Hess, Chief Executive Officer of Hess Corporation. Hess is ExxonMobil’s partner in Guyana’s prolific Stabroek Block.
The field is expected to produce 150,000...
Guyana is projected to receive US$9.2 billion in revenue from oil sales and royalties in 2030, according to a Rystad Energy analysis.
The energy research firm contrasted this with the US$155 million it said Guyana got in 2020 - the...
The 8th proposed Stabroek Block development could target 240,000 barrels per day (b/d) of production, according to Hess Chief Executive Officer, John Hess.
Longtail was confirmed as the next target following Hammerhead last December.
“We're all about bringing value forward so...
Guyana’s Extractive Industries Transparency Initiative (EITI) report for the fiscal year 2022 noted that the counytry's extractive revenues totaled US$1.58 billion (approx. GY$331.52 billion). The oil and gas sector contributed the majority, accounting for $1.49 billion (GY$313.19 billion) or...
Since 2015, Guyana has emerged as the global leader in oil discoveries, with unmatched volumes boosting its position in the energy sector, according to Rystad Energy.
The Norway-based intelligence company ranked Guyana against 19 other countries. They estimate that Guyana’s...
Sometime this year, ExxonMobil Guyana is expected to submit the Field Development Plan (FPD) for its Hammerhead project - the 7th proposed development for the Stabroek Block.
President Alistair Routledge shared this during his recent appearance on the Energy Perspectives...
