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Fluids at Yellowtail similar to those of nearby Liza

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(S&P Global Platts) Yellowtail, Guyana's latest offshore deepwater discovery, contains oily fluids similar to those of the country's initial find, which is currently being...

Hess doesn’t expect court ruling on no confidence vote to affect...

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Hess Corporation, a partner in the ExxonMobil-led consortium operating offshore Guyana, does not expect a ruling over the coming month by the Caribbean Court...

Liza Destiny topsides in place; 1st oil possible this year –...

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Hess Corporation says work on the 120,000 bpd Liza Destiny is almost complete with commissioning activities underway. The company also said there is a...

Future oil discoveries at Stabroek could run into billions of barrels

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Hess Corporation, a 30 percent stakeholder in the prolific Stabroek Block offshore Guyana, believes more mega oil deposits are still to be found in...

Hess reports net income of $32M as Guyana oil reserves soar

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Hess Corporation (NYSE: HES) today reported net income of $32 million, or $0.09 per common share, in the first quarter of 2019, compared to...

Offshore drilling making comeback with low-cost targets like Stabroek

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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...

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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

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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

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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

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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”...