In light of Venezuela’s heightened aggression which saw the recent illegal detention of two Guyanese registered vessels and their respective crews on January 21, last, many have expressed concerns about the possible interference or disruption of Guyana’s oil production activities being led by ExxonMobil...
Brazil is facing intense competition for oil investments from countries around the globe, including neighbors Guyana, Suriname and Uruguay, and policy makers in Latin America’s biggest economy are now hammering out a new regulatory and production-sharing framework to make...
The hull for the giant Prosperity FPSO targeting ExxonMobil’s third development offshore Guyana is complete and the vessel is now moving to the next stage of construction in Singapore.
Greg Hill, Chief Operating Officer at Hess Corporation, a 30% stakeholder...
Chief Operating Officer (COO) of Hess Corporation, Greg Hill, confirmed during his company’s 2020 fourth-quarter earnings call on Wednesday that ExxonMobil, operator at the Stabroek Block, will be adding the Stena DrillMAX and Noble Sam Croft to its fleet,...
While the Liza Phase 2 development remains on track for first oil in early 2022, the overall project, including the floating production storage and offloading (FPSO) vessel and the drilling and subsea infrastructure are approximately 85% complete. At this...
Hess Corporation, a 30% co-venturer on Guyana’s Stabroek Block, announced on Wednesday that it suffered a net loss of US$97 million, or $0.32 per common share, in the fourth quarter of 2020, compared with a net loss of US$222...
The search for oil in key hotspots across the globe is expected to continue in earnest this year and this will see approximately 38 High Impact Wells (HIWs) being drilled, according to American-British information provider, IHS Markit.
Jack Rivers, Director...
Undeterred by the results from the Jethro and Joe prospects on the Orinduik block which showed the presence of heavy oil, Eco Atlantic says it remains primed for a new campaign on the block which is expected to focus...
Hess Corporation on Monday announced its 2021 Exploration & Production capital and exploratory budget of $1.9 billion with more than 41% allocated to offshore developments in Guyana where the company has a 30% stake in the prolific Stabroek block.
CEO...
Baker Hughes said on Friday an order has been confirmed with Petrobras to provide a suite of digital solutions across the state oil company’s sites in Brazil. The order, booked in the fourth quarter 2020, will further expand Petrobras’...
