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Hess reports US$2.4 billion loss – Liza field helps boost production

Hess Corporation reported Thursday a net loss of $2,433 million, or $8.00 per common share, in the first quarter of 2020 even as oil production...

Production at Liza Phase 1 expected to hit 120,000 barrels per...

Oil production from the Liza Phase 1 Development is expected to reach its full capacity of 120,000 barrels per day by early June according...

Guyana receives almost US$5 million in first royalty payments

The first payments of royalty due to Guyana from oil produced for the months of January, February and March have been deposited into the...

Guyana racking up millions in oil revenue – royalty payments to...

In addition to the almost US$55M that has already been deposited into the Natural Resource Fund (NRF) account held by the Bank of Guyana...

Close to US$55M from Guyana’s 1st oil lift deposited into Federal...

The revenue from Guyana’s first oil cargo of 1 million barrels of Liza crude has been deposited into the Natural Resource Fund account held...

Over US$1.2M in royalty for NRF by month end…Liza production surpasses...

Oil production from the Liza Phase 1 Development at Guyana’s Stabroek Block amounted to 1,745,930 barrels for the month of January which is equivalent...

As new producer Guyana enters market global oil demand set to...

The volatile nature of the oil market is now becoming more evident than ever to new producer Guyana where production got underway just last...

Guyana seeking firm to market Liza Crude

Guyana’s Department of Energy (DE) has put out a request for Expressions of Interest (EOI) from companies looking to provide marketing services to the...

Guyana’s share of Liza crude to be traded at around minus...

Oil production at the Stabroek Block offshore Guyana will see the South American country cashing in on 5 million barrels of oil in 2020...

Guyana produced 427,282 barrels of oil from December 20-31

Guyana’s Ministry of Finance in a report on February 17 stated that petroleum production for December 2019 amounted to 427,282 barrels or 35,607 barrels...