The relationship between the Government of Guyana and China National Offshore Oil Company (CNOOC) Nexen advanced further on Wednesday when a meeting was held between Raphael Trotman, Guyana’s Minister of Natural Resources and representatives of the company in Guyana.
CNOOC...
The biggest offshore oil discovery in 2015 and the first of its kind in the South American country of Guyana was intentionally downplayed in the weeks leading up to the country’s May 11, 2015 national elections.
While the magnitude of...
Hess Corporation (NYSE: HES) today reported a net loss of $624 million, or $2.02 per common share, in the third quarter of 2017 compared with a net loss of $339 million, or $1.12 per common share, in the third...
Hess Corporation (NYSE: HES) announced on Monday several additional steps in what the company says is the continued execution of its strategic plan to further focus its portfolio and allocate capital to higher return assets:
An agreement to sell its...
With no proven oil reserves just over two and a half years ago, Guyana now has approximately 3 billion barrels of recoverable oil and this number is expected to further increase as the hunt for more petroleum intensifies.
The country’s...
US supermajor Chevron is looking to participate in offshore activities in Guyana, making it the third oil major that views the South American country as a favourable location.
Total recently moved towards entering an agreement with Eco Atlantic on the...
US super-major ExxonMobil will move to drill a second well on the Turbot discovery next year which will help to determine the volume of oil contained in the reservoir.
“We are planning to do an additional well on the Turbot...
Guyana’s Ministry of Natural Resources said in a statement on Thursday evening that it joins the country’s President, David Granger, and the Guyanese people, in congratulating ExxonMobil and its joint-venture partners Hess and CNOOC Nexen for their latest discovery...
Exxon Mobil Corporation (NYSE:XOM) announced on Thursday it made a fifth new oil discovery after drilling the Turbot-1 well offshore Guyana.
Turbot is ExxonMobil’s latest discovery to date in the country, adding to previous discoveries at Liza, Payara, Snoek and...
Following oil discoveries at the Liza, Payara and Snoek reservoirs from 2015 to present, ExxonMobil and its Joint Venture partners Hess and CNOOC Nexen will be looking to repeat these successes with exploratory drilling at the new Ranger-1 well site...
