With 11 billion barrels of oil equivalent resources unlocked along with a license to drill an additional 35 wells by 2028, Guyana’s Stabroek Block certainly holds the key to Hess Corporation delivering more than 10 percent production growth annually....

The Stena Carron Drillship, a key player in the offshore oil exploration operations at Guyana's Stabroek Block, will be heading to neighbouring Trinidad and Tobago for routine maintenance before returning to the ExxonMobil-operated acreage. The vessel has been playing...

ExxonMobil, Hess and CNOOC have managed to recover more than US$10 billion in investments so far, to explore and develop the prolific Stabroek Block.  The Stabroek Block Production Sharing Agreement (PSA) allows the partners to recover investments by taking up...

Local suppliers in Guyana will have an opportunity to connect with two of ExxonMobil’s biggest drilling contractors - Noble and Stena - at a Business Forum set to take place on Wednesday. The event will be hosted at Duke Lodge...

The precise location of new drilling prospects in ExxonMobil’s 35-well Stabroek Block campaign is yet to be determined. The all-clear was given on July 4.  In its updated Cumulative Impact Assessment (CIA), Exxon said that the majority of the wells...

Guyana’s Environmental Protection Agency (EPA) has granted approval for a 35-well exploration and appraisal campaign at the ExxonMobil-operated Stabroek Block.  Approval was granted after the Environmental Assessment Board reviewed and declared the Environmental Impact Statement and Environmental Impact Assessment submitted...

While Guyana’s former Minister of Natural Resources, Raphael Trotman is now expressing support for a renegotiation of the Stabroek Block Production Sharing Agreement (PSA) which governs one of the world’s largest oil fields, the contract will remain intact. This...

Guyana's Ministry of Natural Resources said in a statement on Wednesday that further evaluation will determine the potential commercial viability of the Wei-1 discovery in the Corentyne Block. While CGX Energy Incorporated and Frontera Energy Corporation have made significant...

ExxonMobil Guyana is expected to test the gas potential of the Stabroek Block with the aim of having such resources potentially underpin an independent project.  During a recent energy conference, Chief Executive Officer of Hess Corporation, John Hess said the...

Guyana's Vice President, Dr. Bharrat Jagdeo has confirmed that the exploration agreement for the Stabroek Block, initially set to expire in 2026, has been extended by one year. Jagdeo confirmed that the extension aims to account for the challenges...