Hess Corporation’s Chief Executive Officer (CEO), John Hess has confirmed that extensive appraisal work is being undertaken to properly develop the Fangtooth field as the seventh project for the Stabroek block partners. During a recent conference, Hess said it is...

Guyana's Opposition Leader, Aubrey Norton on Monday expressed disappointment with the newly released Petroleum Activities Bill, stating that it fails to incorporate the lessons learned from challenges faced by the country's oil and gas industry in recent years. The...

Hess Corporation, together with the Government of Guyana, earned the annual Energy Transition Initiative Award from the Association of International Energy Negotiators (AIEN) for leadership in creating a sustainable energy future. The award presentation described a landmark Carbon Credits Purchase...

ExxonMobil’s Liza projects produced 11.6 million barrels of crude in May, at 374,450 barrels per day (bpd). This was constituted by production of 4.8 million barrels at Liza Phase 1, and 4.8 million barrels at Phase 2.  May output also...

Chief Executive Officer of Hess Corporation, John Hess, said Friday that he was assured by Guyana President Dr. Mohamed Irfaan Ali of the strength of Guyana’s case in the appeal of an upset High Court judgment on financial assurance...

Guyana’s Appellate Court will soon decide whether Attorney General (AG) Anil Nandlall will be allowed the join legal proceedings concerning the provision of financial assurance for the ExxonMobil-operated Stabroek Block in the case of an oil spill.  The parties appeared...

The new draft Petroleum Activities Bill released this week by Guyana’s Ministry of Natural Resources contains stringent measures which seek to block government officials and their family members from owning a petroleum license. Under ‘Prohibition against holding a licence’ the...

Noble Drilling, one of ExxonMobil’s prime contractors, has extended the deadline for firms to submit technical information for the provision of offshore catering, housekeeping, laundry, janitorial and pest control services. The deadline is now July 4.  Noble said the scope of...

It may be a far way off, but the Guyana government is setting the stage for the development of gas resources with Suriname, if the companies decide to go that way.  The latest development, in this regard, is a proposed...

By Ivelaw Lloyd Griffith This is a two-part series on Guyana’s petroleum pursuits and the likely impact of climate change dynamics on those pursuits. In this first article, we look at oil production and note some of the climate change...