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450 million barrels of oil will be produced in Phase-1 Liza...

Approximately 450 million barrels of oil will be produced in the first phase of the Liza oil field development, 120 miles offshore Guyana. The Liza...

ExxonMobil makes final investment decision for Liza phase-1 development

Exxon Mobil Corporation said Friday it has made a final investment decision to proceed with the first phase of development for the Liza field, one...

JUST IN: Guyana to earn 2% royalty from Liza field production;...

Guyana will be earning a 2% royalty on gross earnings from the Liza oil field production. This will come, along with a 50/50 Production Sharing...

Guyana’s President stresses environmental care in meeting with Hess CEO

The overarching concern for protection of Guyana’s environment was raised by the country’s President, David Granger, during a meeting on Wednesday with CEO of...

Ratio to announce start of 3D seismic work in Kaieteur Block

Israeli-based Ratio Guyana Limited will soon announce commencement of 3D seismic work with its joint venture partner Esso Exploration and Production Guyana Limited (EEPGL),...

Bristow in new contract with Hess for search and rescue operations

"We are using sophisticated helicopters to deploy multiple types of airborne rescues for the new service, with crews that are highly skilled and trained...

Hess earns place on CR’s 2017 Best Corporate Citizens List

Hess Corporation (NYSE: HES), a 30% shareholder in the Stabroek block, offshore Guyana, has earned a place on Corporate Responsibility magazine’s prestigious list of...

Hess to plug US$475M into Stabroek block offshore Guyana this year

Hess Corporation will plug a total of US$475M into development and drilling activities on the Stabroek block, located 120 miles offshore the coast of...