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Offshore drilling making comeback with low-cost targets like Stabroek

Producing 120,000 barrels of oil per day from the Permian basin would require a $12.8 billion investment while hitting the same volume from Guyana’s...

Guyana success pushes Hess to number 2 spot for 2018 drilling...

Drilling success in Guyana in 2018 earned Hess the number two spot in the industry for value created from wildcat drilling according to an annual...

Tilapia encountered “highest net pay count” to date on Stabroek Block

The two most recent discoveries on Guyana’s prolific Stabroek Block is particularly significant since one represents the highest net pay count found to date...

Hess expects free cash flow generation by 2022 – John Hess

CEO of HESS Corporation John Hess said that despite the volatility in oil prices and the decline of financial markets, Hess has not changed...

“Staggering” discoveries pushing record production – Hess

Hess Corporation’s Senior Vice President – Exploration, Barbara Lowery-Yilmaz, says greater than five billion barrels of equivalent resource in four years is “pretty tremendous”...

Hess to plug hundreds of millions into Guyana operations in 2019

Hess Corporation (NYSE:HES) said on Monday it intends to plug several hundred million dollars into exploration and development operations offshore Guyana in 2019 as part...

Hammerhead is ‘thickest single sand package’ drilled on Stabroek Block –...

The Hammerhead-1 well, where approximately 197 feet (60 meters) of high-quality, oil-bearing sandstone reservoir was encountered by the Stena Carron drillship in August offshore...

Stena Carron will sail to Spain for dry-docking before returning to...

The Stena Carron drillship which has been exploring for oil in the Stabroek Block offshore Guyana is scheduled to depart for Spain for drydocking. Speaking...

Guyana oil production will more than quadruple by 2023 with Liza...

Rapid development and production offshore Guyana will see oil production at peak moving from 120,000 barrels of oil per day (bpd) from the Liza...

Guyana ‘uniquely advantaged by scale, reservoir quality, cost and rapid returns’...

The more than 4 billion oil-equivalent barrels discovered to date in the Stabroek Block offshore Guyana is uniquely advantaged by its scale, reservoir quality,...