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Liza field leading investments at prolific Stabroek Block

Capital expenditure by project offshore Guyana sees the Liza field at the 6.6 million acres Stabroek Block leading the pack through 2030 having already...

Stabroek reservoir quality, low break-evens continue to promise high returns for...

In providing asset highlights during an investor presentation on February 11, Hess Corporation said the 16 discoveries made so far at the Stabroek Block...

Oil companies set to spend over US$53 billion at Stabroek Block...

Recent discoveries in the Guyana-Suriname basin have proven a wider petroleum system and may cause an upgrade in resource estimates, drawing extra attention to...

Still early days to determine full volume of gas at Stabroek...

As discussions continue in the South American country of Guyana on the prospect of bringing gas to shore, the country’s Department of Energy said...

Most of world’s top 30 high impact wells in South America,...

Although 2019 was a disappointing year in terms of high impact well (HIW) drilling in the oil and gas sector, comparatively stable market conditions...

US$10 billion a year by 2030 takes Guyana from 0 to...

Even as debate rages on in the South American country of Guyana on whether revenues flowing to the government from oil production could have...

Potential grows for more than 5 FPSOs at prolific Stabroek Block

With the gross recoverable resource estimate now above 8 billion barrels of oil equivalent at the Stabroek Block, co-venturers ExxonMobil, Hess and CNOOC are...

Explorers face growing battle for support in 2020 – WoodMac

What's the role for the exploration industry as the energy transition takes long-term oil growth off the agenda? In 2019, Andrew Latham, vice president...

Exxon, other majors boost demand for FPSOs as deepwater drilling takes...

Demand from the world’s top oil companies for floating drilling units has climbed steadily in the past two years and is set to rise...

ExxonMobil earns $14.3B in 2019 as Guyana operations enter new chapter

Exxon Mobil Corporation (NYSE:XOM) announced Friday its estimated fourth quarter 2019 earnings of $5.7 billion, or $1.33 per share assuming dilution. Earnings included favorable identified...