When the Liza Phase 2 development comes on stream this quarter and reaches full production later this year, Hess Corporation expects to collect 24 lifts from its Guyana operations. It would also be well positioned to clear off its...
American exploration and production multinational, Hess Corporation, reported on Wednesday said that it had a net income of US$265 million, or US$0.85 per share, in the fourth quarter of 2021, compared with a net loss of US$97 million, or...
‘Hook, line and sinker’ is the phrase being used by Norway-based Rystad Energy to describe ExxonMobil’s spectacular start to the new year in Guyana where it made two more discoveries at the Stabroek Block, its most lucrative license offshore...
The recent discoveries announced by ExxonMobil off the Guyana coast confirm the significant resource potential that exists at deeper targets on the 6.6 million acres Stabroek Block.
The Fangtooth and Lau Lau wells delivered a cumulative 479 feet of high-quality...
After years of strategic investments behind exploration and development efforts in Guyana’s Stabroek Block, Hess Corporation declared 2022 as the year it reaps the billion-dollar rewards of its patience and labour.
According to its Chief Executive Officer (CEO), John Hess at...
Drilling activities at the Stabroek Block offshore Guyana continue in earnest with a series of exploration, appraisal and development campaigns underway.
ExxonMobil, operator of the 6.6 million acres block, is undertaking exploration drilling operations at Fangtooth-1, Lau Lau-1 and barreleye-1....
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...
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...
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...
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...
