Hess Corporation (NYSE:HES) today announced its 2018 E&P capital and exploratory budget will be $2.1 billion, the same as 2017. The 2018 budget allocates increased capital for continuing exploration and development activities offshore Guyana and for the Bakken, which includes growing the rig...
ExxonMobil initiated oil and gas exploration activities in Guyana in 2008, collecting and evaluating 3-D seismic data that led to the company safely drilling its first exploration well in 2015.
The 6.6 million acres (26,800 square kilometers) Stabroek Block is located...
In a presentation at the Bank of America Merrill Lynch 2017 Global Energy Conference on Thursday, Hess Corporation (NYSE:HES) Chief Executive Officer John Hess, disclosed a number of steps the company is taking, which is the clearest indication yet that it is betting big on...
The royalty and terms outlined in the production sharing contract between ExxonMobil and Guyana will apply to the entire area known as the Stabroek block, located 120 miles offshore the South American country. The US supermajor had applied for,...
Hess Corporation will plug a total of US$475M into development and drilling activities on the Stabroek block, located 120 miles offshore the coast of Guyana this year. The now world-famous oil field is home to the Liza and other...
Petroleum Geo-Services (PGS) said in a new report this week that similar trends to the prolific “Golden Lane” of discoveries, which include Liza in the Stabroek Block offshore Guyana, have been identified in the country's outboard licensing blocks D1,...
Once ExxonMobil Guyana receives approval from the Environmental Protection Agency (EPA) for its 35 multi-well programme in the Stabroek Block, drilling operations for the country could reach its peak in 2025.
According to the Cumulative Impact Assessment (CIA) for the...
Controlled by TotalEnergies and APA Corporation, Block 58 has churned out major discoveries – five thus far. Though few, compared to Guyana’s Stabroek Block, the discoveries have piqued investor interest leaving a lingering question – could Block 58 become...
The announcement by CGX on January 31 that it had encountered oil at Kawa-1, after more than 20 years of seismic data acquisition and drilling on the Corentyne Block, is being viewed as highly significant by Norway-based energy research...
The massive Stabroek Block offshore Guyana along with the adjacent Canje and Kaieteur Blocks could deliver around 15 billion barrels of oil equivalent as more exploration campaigns get underway in the coming months.
“Production of crude oil over the whole...
