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...
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...
Much focus is being placed on Guyana’s oil and gas successes since the year began, but Hess Corporation is not taking its eyes off Suriname’s potential.
In fact, during the company’s Q1 earnings call on Wednesday, Chief Operating Officer (COO) Greg...
CNOOC Ltd shares surged as much as 44% in their Shanghai debut on Thursday, defying broad market weakness, as investors sought safety in the Chinese oil giant amid high energy prices and quickening inflation.
After opening 20% higher, CNOOC shares...
ExxonMobil has discovered over 670 million barrels of oil so far this year at Guyana’s largest deepwater block where well over 10 billion barrels of oil equivalent resources have been found since 2015.
On January 5, the U.S. oil major...
ExxonMobil will soon conclude 4D seismic surveying operations at the 6.6 million acres Stabroek Block offshore Guyana. The seismic equipment recovery will incorporate the use of the MV Thor Alpha, MV Thor Freyja and SV Ramform Tethys.
The Maritime Administration...
The largest development to date at the Stabroek Block will deliver the second lowest breakeven for the ExxonMobil-led consortium that has found over 10 billion barrels of oil equivalent resources in the South American country since 2015.
The breakeven for...
ExxonMobil affiliate, Esso Exploration and Production Guyana Limited (EEPGL), has already begun the application process for its fifth offshore development in the Stabroek Block, according to information contained in court documents filed by the company relating to a tax...
Guyana’s Vice President, Dr. Bharrat Jagdeo revealed on Thursday evening that the government is working with ExxonMobil, the parent company of Esso Exploration and Production Guyana Limited (EEPGL) to secure an insurance guarantee for the entire Stabroek Block.
The former...
Guyanese geoscientist Ashlika Persaud says she has a deep desire, and that is to do right by her company – ExxonMobil - and her country, where the discovery of massive amounts of oil since 2015 has placed the South...
