For the first quarter of 2022, Hess Corporation said its exploration and production expenditures totaled US$580 million compared with US$309 million in the prior quarter, primarily due to higher drilling and development activities in Guyana, the Bakken, and Malaysia.
It...
Multinational geoscience technology services company CGG Services (US) Inc. is continuing 3-D seismic operations off the Guyana coast beyond its Eastern Offshore Maritime boundary, with occasional ingress into the Corentyne Block which sits in the country’s Exclusive Economic Zone.
The...
China's offshore oil giant CNOOC offshore assets in South America, led by the Stabroek Block in Guyana and Brazilian Libra and Buzlos Surplus projects, have been identified as important sources of future reserve and production growth for the company, according...
The Guyana government’s early approval in April of the US$10 billion Yellowtail Project is a testimony of the “constructive relationship” it has with the International Oil Companies (IOCs) operating at the Stabroek Block, says Hess Corporation’s Chief Executive Officer,...
Guyana’s prolific Stabroek Block holds an estimated 11 billion barrels of oil equivalent with only a fraction of the 6.6 million acres (26,800 square kilometers) explored by operator ExxonMobil and its partners Hess and CNOOC so far.
More exploration activities are on the...
Equinor, the Norwegian state-owned multinational energy company, operates a Block offshore Argentina called CAN-100, which the country hopes later this year will yield a discovery as successful as Namibia’s.
Rystad Energy's Senior Vice President and Head of Latin America, Schreiner...
ExxonMobil Corporation on Friday announced an estimated first-quarter 2022 earnings of US$5.5 billion compared with US$8.9 billion in the fourth quarter of 2021. The company also reported a US$3.4 billion impairment which it said is associated with its planned...
Guyana’s Minister of Finance, Dr. Ashni Singh on Friday announced the removal of Value Added Tax (VAT) on cement, responding to the need to support the construction boom the South American nation is experiencing.
Effective April 29, the government’s expectation...
Guyana’s prolific Stabroek Block continues to churn out successful results for operator ExxonMobil (XOM) and its partners Hess and CNOOC, and by the third quarter 2022, production is expected to ramp up significantly.
During the oil major’s first quarter earnings...
With a robust market outlook for the remainder of 2022, TechnipFMC’s subsea opportunities are being led by Guyana, Brazil, and West Africa with massive oil and gas projects set to bring in almost US$20 billion.
TechnipFMC’s Chairman and Chief Executive...
