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Hess says Guyana production could hit 1.5 million bpd before 2030

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With every new discovery off the coast of Guyana, analysts have been ramping up their projections for output, making it clear that the new...

ExxonMobil, Stabroek co-venturers launch US$100 million initiative in Guyana

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ExxonMobil, Hess and CNOOC Limited, co-venturers in offshore oil development in the Stabroek Block, on Tuesday announced the formation of the Greater Guyana Initiative,...

Exxon set to announce major capacity building programme in Guyana

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ExxonMobil will today announce the roll out of a major capacity building initiative in Guyana that is expected to impact economic development in the...

Exxon targeting new Guyana exploration well this month as search for...

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Exploration and appraisal drilling offshore Guyana are moving forward on schedule with a new well expected to be spudded this month on the prolific...

Hess reports US$97M loss for Q4 2020

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Hess Corporation, a 30% co-venturer on Guyana’s Stabroek Block, announced on Wednesday that it suffered a net loss of US$97 million, or $0.32 per...

Hess earns leadership status in climate change report

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Hess Corporation has been recognized for climate change stewardship in CDP’s Climate Change Report 2020. CDP is an international non-profit organisation based in the...

Hess encouraged by Suriname oil strikes, says offshore potential significant

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Hess Corporation said it is encouraged by the exploration success of Apache and Total in Suriname’s Block 58 where three discoveries have so far...

It will take several wells to define Kaieteur Block opportunity –...

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Speaking just days before the results from the Tanager-1 prospect was announced, John Hess, CEO of Hess Corporation, a 15% stakeholder in the Kaieteur...

Hess sees more upside to Guyana’s 9 billion boe estimate, big...

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A further increase in the gross recoverable resources is anticipated at Guyana’s Stabroek Block, adding to the recently upgraded 9 billion boe estimate, according...

Liza Phase 2 hull, subsea work now 80% complete – Guyana...

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ExxonMobil’s giant Liza Phase 2 development offshore Guyana is on track to begin producing oil by early 2022 adding another 220,000 barrels of oil...