ExxonMobil Guyana’s next targeted development - Whiptail - is expected to cost US$12.933 billion (GY$2.690 trillion) according to the project's Environmental Impact Assessment (EIA). Exxon said it has not yet made a final investment decision (FID) on Whiptail and...

The search for more oil in Guyana’s Stabroek Block remains at a steady pace with the partners announcing more prospects to be tapped.  Chief Operations Officer and President of Hess Corporation, Greg Hill shared that the partners plan to drill...

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...