Hess said its net production in Guyana is expected to drop between the 170,000 to 175,000 barrels per day (b/d) range, its Q2 earnings report said. Hess has a 30% stake in the Stabroek Block, where Exxon produces oil...

Hess Corporation reported a net income of US$757 million, or US$2.46 per share, in the second quarter of 2024. This was a significant uptick from the US$119 million, or US$0.39 per share, reported in the second quarter of 2023.  In...

Japanese shipbuilder MODEC announced on Tuesday that it is seeking companies for fabric maintenance, painting, and cleaning services on the Errea Wittu floating, production, storage and offloading vessel (FPSO), part of ExxonMobil Guyana’s fifth offshore development, Uaru. Contractors will be...

ExxonMobil is considering multiple alternative options for the associated gas from the proposed Hammerhead oil development.  Hammerhead, which is currently being reviewed for regulatory approval, would be the seventh Stabroek Block project. For the prior six developments, the associated gas...

Authorities in Guyana are pursuing the second phase of a training facility in Berbice with support from ExxonMobil, slated for completion in 2025. The first phase, a simulator for floating production, storage and offloading (FPSO) vessels, was commissioned in...

ExxonMobil’s ramp-up of its third floating, production, storage and offloading (FPSO) vessel offshore Guyana has set an industry benchmark, according to Wood Mackenzie's Upstream Research Principal Analyst, Luiz Hayum.  The Prosperity FPSO, built for the Payara development, reached its oil...

ExxonMobil’s Uaru and Whiptail projects are each targeting an initial production range of 220,000-275,000 barrels per day (b/d), according to a document distributed at the company’s recent public meeting in Georgetown.  Uaru and Whiptail are the fifth and sixth oil...

MODEC Guyana Inc. (MOG) has issued a Request for Information (RFI) for the supply of skilled manpower to execute the Topside Valves Signature on the Errea Wittu floating production storage and offloading unit.  The project, set to commence after 2026,...

Even with a string of massive oil developments being pursued offshore Guyana, the country will remain a net carbon sink for years to come, a study indicated.  Guyana’s Environmental Protection Agency (EPA) requested that ExxonMobil conduct an environmental impact assessment...

Oil production at ExxonMobil’s Payara development has been optimized in record time, delivering oil output in excess of 250,000 barrels per day (b/d) in its eighth month of production. Payara, which achieved first oil in November 2023, first reached its...