Hess Corporation, which has a 30% Working Interest in Guyana's Stabroek Block, released its 25th annual sustainability report on Monday. According to Chief Executive Officer (CEO), John Hess, this publication demonstrates its longstanding commitment to environmental and social sustainability...
Guyana’s Natural Resources Minister Vickram Bharrat told Members of Parliament last week that the change of government in a country should not result in instability and lack of predictability, particularly regarding agreements that were in place and on which...
Tullow Oil is preparing to submit drilling commitments to the Government of Guyana for the Orinduik Block.
In a release shared by Orinduik's 15%-stakeholder, Eco-Atlantic Oil & Gas, Dr. Michael Green of Align Research said progress is being made on...
Hess Corporation, which holds a 30% working interest in Guyana's coveted Stabroek Block, told industry watchers on Wednesday morning that it sold six one-million barrel cargos of sweet crude oil from Guyana for the second quarter of 2022. This...
Global energy major, Hess Corporation reported a net income of US$667 million, or US$2.15 per common share, in the second quarter of 2022, compared with a net loss of US$73 million, or $0.24 per common share, in the second...
The recent spate of prolific discoveries in the Stabroek Block and the steady pace of Final Investment Decisions (FID) are positioning Guyana to reap the rewards of these finds with cumulative revenues totaling US$157 billion by 2040. This is...
As the second quarter of 2022 drew to a close, oilfield services company Schlumberger netted US$6.7 billion in profits, up 14% sequentially and 20% year-on-year.
“This represented the strongest sequential quarterly growth since 2010,” said Schlumberger’s Vice President and Chief...
The International Monetary Fund (IMF) in its latest World Economic Outlook published on Tuesday, painted a gloomy picture of global development with much uncertainty ahead.
According to the IMF, global output contracted in the second quarter of this year, owing...
Even as Guyana forges ahead with multiple discoveries and approvals for offshore oil and gas production operations, authorities remain keen on ensuring the South American country has a robust system in place to minimise the impact these activities are...
ExxonMobil now has a total of 33 oil and gas discoveries in Guyana’s massive Stabroek Block with the latest made at the Seabob and Kiru-Kiru wells, according to the government of Guyana. This, according to Guyana’s Minister of Natural...
