Showing results for:

News

Jagdeo confirms ‘Hess Guyana’ still retains Stabroek block interest despite Chevron buyout of parent company

OilNOW -
Vice President Dr. Bharrat Jagdeo clarified during a November 2 media conference that Hess Guyana Exploration Limited, a subsidiary of Hess International, still controls the 30% working interest in the Stabroek block, where 11 billion barrels of oil equivalent...
News

Exxon seeking oceanology, meteorology consulting services for Stabroek block operations

OilNOW -
ExxonMobil Guyana Limited (EMGL) is actively searching for meteorology and oceanography consulting services for its Stabroek Block operations in Guyana. Stabroek Block supplied 12 million crude barrels to market in July | OilNOW  In a public Request for Information (RFI),...
News

Stabroek Block co-venturers initiate purchase of Liza Unity FPSO

OilNOW -
Hess Corporation on October 25 indicated, in a Q3 earnings report, that the purchase process for the Liza Unity floating production, storage and offloading (FPSO) unit has begun.  The FPSO is currently producing approximately 250,000 barrels of oil per day...
News

Chevron’s deep pockets could see more “adventurous drilling” in Stabroek Block – Deakin

Shikema Dey -
The move by Chevron to buy out Hess was not so much a surprise to Americas Market Intelligence (AMI) Director of Energy, Arthur Deakin. Why? Because of the current market trend of majors with deep pockets taking over smaller...
News

Recovered Stabroek Block expenses exceed US$14 billion at H1, 2023

Kemol King -
ExxonMobil, Hess and CNOOC, have reached a significant cost recovery milestone as they develop the immensely lucrative Stabroek Block. As of the first half of 2023, the Stabroek Block partners have successfully recovered over US$14 billion in investments. This...
News

Exxon has “healthy inventory of drilling prospects” planned for Stabroek Block – Hess CEO

OilNOW -
Hess Corporation’s Chief Executive Officer (CEO), John Hess has lauded the Guyana government’s decision to approve a request for a one-year extension to explore the Stabroek Block, thereby providing enough room to execute a healthy inventory of drilling prospects.  Hess...
News

Routledge talks gas extraction techniques for Stabroek Block gas reserves

OilNOW -
ExxonMobil is exploring different facility options for the exportation of gas from Guyana. Alistair Routledge, ExxonMobil Guyana President, discussed Guyana's potential as a deepwater oil producer during an August interview with S&P Global in London. Guyana has been in the...
News

Oceaneering gets contract for jumper, subsea field development installation in Stabroek Block

OilNOW -
Oceaneering International, Inc. has announced the successful acquisition of two international contracts through its Offshore Projects Group (OPG) segment, boasting a total combined value exceeding US$100 million. Oceaneering has been awarded a project in the Stabroek block, offshore Guyana. The...
News

Stabroek Block supplied 12 million crude barrels to market in July

Kemol King -
In July 2023, the Liza projects at Guyana's Stabroek Block continued to demonstrate reliable production. An analysis of data supplied by the Ministry of Natural Resources shows that the projects collectively averaged 387,620 barrels per day (bpd) in July,...
News

ExxonMobil, partners have not recovered their Stabroek Block investments as yet

OilNOW -
Oil revenues generated by ExxonMobil and partners from the Stabroek Block have not yet matched the major investments they have made into exploring for crude and developing those fields. The companies have sanctioned more than US$40 billion in projects...
1...678...330Page 7 of 330

Latest News

NewsOilNOW -

GGI to launch new call this July for proposals to drive capacity building in Guyana

The Greater Guyana Initiative (GGI) will open a new call for proposals in July, inviting projects aimed at advancing...

OilNOW is a Resource Center founded and owned by Guyanese. OilNOW is an apolitical, non-partisan, privately owned agency that strives to ensure the highest degree of accuracy and balance.

Quick Access

Company Info

Social Networks