Guyana’s Ministry of Natural Resources (MNR) announced approval of the Uaru Field Development Plan and the issuance of the Uaru Petroleum Production License, on April 28.
Hess Corporation, a 30% stakeholder in the project, said it made a final investment...
Guyana's Environmental Protection Agency (EPA) moments ago approved ExxonMobil's fifth Stabroek Block development, Uaru. This will take production above one million barrels per day.
The new permit has these key updates as noted in the EPA's release:
Flaring
Like its predecessors,...
American oil producer Hess Corporation disclosed on April 26 that it earned net income of US$346 million, or US$1.13 per share, in the first quarter of 2023, compared with net income of US$417 million, or US$1.34 per share, in...
The Government of Guyana is expected to provide approval this week for Uaru, the fifth project in the Stabroek Block, says Hess Corporation’s Chief Executive Officer (CEO), John Hess.
During his company’s 2023 first quarter earnings call on Wednesday, Hess...
Hess Corporation on Wednesday announced a new oil discovery at the Lancetfish-1 well on the Stabroek Block, offshore Guyana. The Lancetfish-1 well encountered approximately 92 feet of oil-bearing sandstone reservoir.
The well was drilled in 5,843 feet of water by...
Guyana’s Minister of Parliamentary Affairs and Governance, Gail Teixeira on behalf of Senior Finance Minister Dr. Ashni Singh tabled a Notification of Receipts to the National Assembly, of all petroleum revenues paid into the Natural Resource Fund (NRF) during...
ExxonMobil’s Stabroek Block operations are not only injecting new life into Guyana’s construction, agriculture, and tourism industries, but its mining sector too. According to Atrium Research Corporation (ARC), a trusted provider of analysis for public equities in North America,...
ExxonMobil’s activities in the Arctic are set to dwindle as the oil major shifts its focus to more promising projects elsewhere on the globe.
Exxon said, “Our current investment plans do not include exploration activity within the Arctic Monitoring...
Sustainability is a crucial tenet for SBM Offshore, the builder of the floating production storage and offloading (FPSO) vessels operating in Guyana’s offshore Staborek Block.
In a video published on LinkedIn last week, Chief Executive Officer (CEO) Bruno Chabas recalled...
The first inspection of the Prosperity floating production, storage and offloading (FPSO) vessel by Guyana’s offshore operations unit has been scheduled for May/June 2023, Guyana’s Minister of Public Works, Bishop Juan Edghill said on April 19. The activity is...
