Despite the discovery of more than 3.2 billion barrels of oil off the Guyana coast, the South American country’s offshore basin still remains risky with no guarantee that the unprecedented rate of discoveries – seven to date – will...
The notion that the Guyana basin has been completely de-risked because of the multiple oil discoveries made by US oil major, ExxonMobil, is misleading says a source.
Speaking to OilNOW on condition of anonymity, the source said discoveries by a...
On March 30, 2018, ExxonMobil affiliate Esso Exploration and Production Guyana Limited (EEPGL) and its joint venture partners Hess and CNOOC Nexen will commence drilling operations at the Sorubim-1 well within the Stabroek Block of the Guyana Maritime Zone.
The...
Former Commonwealth Secretary-General, Sir Shridath Ramphal, will again lead the Guyanese legal team of defense lawyers in a border controversy case, this time against Venezuela - to be called shortly by the International Court of Justice (ICJ).
The confirmation was...
Guyana must consider a number of factors when granting international oil companies access to explore in its waters, which, according to Minister of Natural Resources, Raphael Trotman, include the recognition that those with the resolve to forge ahead in...
SURF contractor for the Liza Phase 1 development offshore Guyana - Saipem - is in search of a manpower agency and medical services provider for its operations in the South American country.
Saipem America Guyana Branch posted a notice inviting...
Hess Corporation continues to be encouraged by positive results coming out of Guyana where, in partnership with CNOOC Nexen and the operator - ExxonMobil - 3.2 billion recoverable barrels of oil have been confirmed from 5 out of a...
Hess Corporation said on Thursday that its Board of Directors has authorized the purchase of $1.0 billion of Hess common stock by the end of 2018. The newly authorized program is in addition to the $500 million share repurchase program Hess announced in late...
More oil discoveries offshore the South American country of Guyana are expected to be made as exploration continues on the back of an already discovered 3.2 billion recoverable barrels.
Industry Analyst Wood Mackenzie believes that globally, the most-favoured plays will...
Guyana on Friday acknowledged a move to strategically fast track the development of the Liza oil field in the Stabroek Block by US oil major ExxonMobil in order to assert its sovereignty over the territory ahead of the International...
