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News

Hess hoping for approval of 6th development at Stabroek Block by end of next year

OilNOW -
Chief Executive Officer of Hess Corporation, John Hess, said he hopes that by the end of 2023, approval will be secured for ExxonMobil to place its sixth floating production storage and offloading (FPSO) vessel at the Stabroek Block. Hess is...
News

Exxon surpasses Stabroek Block work programme by leaps and bounds

OilNOW -
ExxonMobil, operator of the Stabroek Block offshore Guyana, has surpassed its work programme as outlined in the Production Sharing Agreement (PSA) it has with the South American county, by leaps and bounds. According to the provisions of the 2016 PSA, Article...
News

University of Guyana safer with security upgrades funded by Stabroek Block co-venturers

OilNOW -
The University of Guyana commissioned the first component of its Campus Safety and Security Project on Thursday, funded by Stabroek Block co-venturers – ExxonMobil Guyana, Hess Guyana Exploration Ltd. and CNOOC Petroleum Guyana Limited – under the Greater Guyana...
Exploration

Big volumes at 18,000 ft could see standalone FPSO for new Stabroek Block development

OilNOW -
The Fangtooth discovery which was announced by ExxonMobil back in January 2022 holds enough oil deposits to underpin its own floating, production, storage and offloading (FPSO) vessel. This was disclosed by Hess Corporation which has a 30% working interest...
News

Texas-based firm to conduct impact study on Exxon’s fifth Stabroek Block development  

OilNOW -
The Houston Texas-based Acorn International will be conducting the environmental study for ExxonMobil's fifth development in the Stabroek Block - Uaru. On Monday, ExxonMobil's local subsidiary, Esso Exploration & Production Guyana Limited (EEPGL), held a public scoping meeting on Uaru at the Umana Yana....
News

Exxon’s latest discoveries driving ‘massive’ accumulation at Stabroek Block

OilNOW -
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...
News

AccelerateHer 2.0 women entrepreneurship program launched, with support from Stabroek Block partners

OilNOW -
A new batch of women entrepreneurs embarked on the second iteration of the Centre for Local Business Development’s women entrepreneurship program called AccelerateHer on Friday evening at the Pegasus Hotel in Georgetown. More than 130 women owners, operators and managers from seven...
Exploration

Sea-bob and Kiru-Kiru are next targets in major 12 well Stabroek Block campaign

OilNOW -
Hess Corporation’s Chief Operating Officer (COO) Greg Hill recently disclosed that upcoming wells in the second quarter for the Stabroek Block will include Sea-bob, targeting the Campanian reservoirs, located 10 miles south of the Yellowtail field. Kiru-Kiru is also...
News

Stabroek Block production growth ramp is best in the industry

OilNOW -
A recent report by Wood Mackenzie has yet again reinforced Hess Corporation’s longstanding position that it sits on the ‘holy grail’ of the industry’s best oil provinces. During its company's first-quarter earnings call for 2022, Chief Executive Officer (CEO), John...
News

Hess aiming to lift 23 million barrels from Stabroek Block for remainder of 2022

OilNOW -
Stabroek Block co-venturer, Hess, expects to lift some 23 million barrels of oil in the remaining quarters of the year, representing an increase in its initial output for 2022. John Rielly, Hess’ Chief Financial Officer made the disclosure to investors...
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TechnipFMC mobilizes first subsea 2.0® tree from Guyana for Uaru development

TechnipFMC marked a key milestone for its configure-to-order Subsea 2.0® platform, which has benefited from its global talent pool....

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