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Hess will plug 75% of CAPEX in Guyana, Bakken over next...

The Stabroek Block offshore Guyana is being praised as a transformational investment opportunity for Hess Corporation. The company’s 30 percent stake in the prolific...

The most profitable deep-water projects on the planet are in Guyana

The colossal discoveries ExxonMobil has made in Guyana to date will help expand production and revenue generation through a number of projects analysts say...

Yellowtail, Tilapia are biggest ‘high-impact’ oil discoveries so far for 2019

ExxonMobil’s discoveries at the Yellowtail and Tilapia wells in the Stabroek Block offshore Guyana were the largest made in the first half 2019. Westwood...

Guyana’s total estimated income from Stabroek block jumps to US$117.5 billion...

Guyana’s total estimated income from the 13 discoveries made so far by ExxonMobil at the Stabroek Block is now projected at 117.5 billion US...

Floating oil production platform sets sail for Guyana oil bonanza

The 120,000 barrels per day Liza Destiny FPSO has departed Singapore for Guyanese waters where it will begin oil production within months at the...

Guyana production could help fill ‘giant oil supply gap’ looming

Chairman and Chief Analyst at Wood Mackenzie, Simon Flowers says a giant oil supply gap is looming. If, as is expected, oil demand peaks...

2016 Stabroek contract revisions followed dry hole at Skipjack

When US oil major ExxonMobil first started exploration activities at the Liza field the odds of finding oil at the high-risk Guyana basin was...

Exxon to begin drilling development wells for Liza Phase 2 early...

ExxonMobil Guyana will begin drilling development wells for the 220,000 barrels per day Liza Phase 2 Development project early 2020 and is already looking...

Multiple play types with an 87% success rate make Guyana a...

The resource growth in Guyana’s Stabroek Block is being described as ‘staggering’ by a top official at US oil major ExxonMobil who says while...

15% of global oil discoveries since 2015 made in Guyana

Guyana accounts for 15 percent of conventional oil discoveries made globally since 2015 and from all indications, potential for more crude strikes offshore the...