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Stabroek Block co-venturer earns climate change leadership status for 13 consecutive years

OilNOW -
Hess Corporation which holds a 30 percent interest in Guyana’s prolific Stabroek Block, has been recognized for its climate change stewardship in CDP’s Climate Change Scores for 2021. Significantly, Hess has maintained Leadership status for 13 consecutive years from...
Exploration

Fangtooth drilling results expected early next year, says Stabroek Block co-venturer

OilNOW -
Results from drilling operations at the Fangtooth-1 prospect located at the 6.6 million acres Stabroek Block offshore Guyana is expected in early 2022, a co-venturer on the license has confirmed. “Fangtooth’s results are expected sometime in the second quarter. We’re...
News

Large volumes of gas at Stabroek Block, Guyana could become export hub, says AMI analyst

OilNOW -
The Guyana-Suriname basin is the most appealing frontier market opportunity in the world since it features light to medium sweet crude which has low emissions, highly competitive breakevens and offers exploration companies some of the most competitive terms. An...
News

Expert says major oil discoveries outside of Stabroek Block almost certain

OilNOW -
While the 6.6 million acres Stabroek Block remains the largest license under exploration and development in Guyana where the motherload of commercial hydrocarbons have been found, one expert says it is almost certain that substantial discoveries will eventually be...
News

Stabroek Block delivering high volumes, big value, Hess calls it ‘motherload’

OilNOW -
When one considers the industry leading breakevens, the high-quality reservoirs, and the free cash flow that will be generated annually, there is no doubt that Guyana’s Stabroek Block is truly “the motherload” says Hess Corporation’s Chief Operating Officer, Greg...
News

Stabroek Block partners hopeful for extension on exploration license

OilNOW -
ExxonMobil's affiliate, Esso Exploration and Production Guyana Limited (EEPGL) has approached the Guyana Government for an extension on its Stabroek Block exploration licence due to the COVID-19 pandemic. This is according to Hess Corporation which holds a 30 percent...
News

Stabroek Block projects accelerating demand for hotel rooms, city houses

OilNOW -
Stabroek Block operator, Esso Exploration and Production Guyana Limited (EEPGL), has indicated that there will be a potential increase in demand for lodging in the Georgetown area as work on its development projects come on stream. This was specifically noted...
News

Stabroek Block crude gives Guyana strategic advantage over global peers, says energy expert

OilNOW -
The vast crude reservoirs found at the Stabroek Block offshore Guyana, home to over nine billion barrels of oil equivalent discovered since 2015, consist of light, sweet, high-quality oil-bearing sand, making it easier to extract and refine with less...
News

Stabroek Block co-venturer CNOOC makes large oil discovery offshore China

OilNOW -
CNOOC Limited, a 25% stakeholder in Guyana’s Stabroek Block, announced on Thursday that it has made a large-sized oil discovery at the Kenli 10-2 oilfield located in Laizhou Bay Sag in Southern Bohai Bay at an average water depth...
News

Extensive well program at Stabroek Block delivering big volumes this year

OilNOW -
An extensive exploration and appraisal drilling programme being carried out at the Stabroek Block this year has so far delivered a series of discoveries that will push the 9 billion plus barrels of oil equivalent higher even as the...
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Nigeria’s Petroleum Commission confirms ExxonMobil’s US$1.5B investment in the country’s deepwater oil sector

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has confirmed that ExxonMobil will invest $1.5 billion in Nigeria’s deepwater oil...

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