Director of the Department of Energy Dr Mark Bynoe said that the Government of Guyana has given its approval for the farm-in joint venture agreement between CGX Energy and Frontera Energy Corporation for exploration in the Corentyne and Demerara...
US oil major ExxonMobil announced on Friday it will be proceeding with its US$6 billion Liza Phase 2 Development project offshore the South American country of Guyana.
ExxonMobil’s announcement comes just after Director of Guyana’s Department of Energy, Dr. Mark...
The Environmental Protection Agency (EPA) in Guyana says all requirements for which it has responsibility have been met by ExxonMobil Guyana for the 220,000 bpd Liza Phase 2 Development Project.
Executive Director of the EPA, Dr. Vincent Adams, told OilNOW...
(S&P Global Platts) Yellowtail, Guyana's latest offshore deepwater discovery, contains oily fluids similar to those of the country's initial find, which is currently being readied for first production early next year, a top executive at Hess, a partner in...
CGX Energy is looking to have its joint venture with Frontera Energy Corporation provide working capital for the company's ongoing commitments on its Berbice, Corentyne and Demerara blocks, through a signing bonus of $33,300,000 paid by Frontera.
CGX said on Wednesday...
Hess Corporation says work on the 120,000 bpd Liza Destiny is almost complete with commissioning activities underway. The company also said there is a possibility of first oil coming by year-end from the Liza Phase 1 Development project.
Speaking to...
Exxon Mobil Corporation today announced estimated first quarter 2019 earnings of $2.4 billion, or $0.55 per share assuming dilution, compared with $4.7 billion a year earlier. Cash flow from operations and asset sales was $8.4 billion, including proceeds associated...
CNOOC Limited (the “Company”, SEHK: 00883, NYSE: CEO, TSX: CNU) today announced its key operational statistics for the first quarter of 2019.
The Company achieved a total net production of 120.1 million barrels of oil equivalent (“BOE”) for the first...
Hess Corporation (NYSE: HES) today reported net income of $32 million, or $0.09 per common share, in the first quarter of 2019, compared to a net loss of $106 million, or $0.38 per common share, in the first quarter...
As Guyana moves closer to producing its first barrel of oil from the Liza Phase 1 Development project, ExxonMobil is looking to make its Final Investment Decision on two more developments offshore the South American country this year.
The company...
