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Energy Department sees potential for 5th drillship operating at Stabroek block

Director of Guyana’s Department of Energy, Dr. Mark Bynoe, says potential exist for a 5th drillship to be operating at the 6.6 million acres...

Noble Don Taylor to begin 1-year contract at Stabroek Block

The drillship Noble Don Taylor will soon begin a one-year contract for drill campaigns at the Stabroek Block offshore Guyana, operated by US oil major...

Progress in coming weeks critical to early oil production – ExxonMobil

Several factors over the coming weeks will play a critical role in the timetable for production of the first barrel of oil from the...

Extensive logging exercise ongoing at Ranger 2 well

Appraisal drilling and related activities are ongoing at the Stabroek Block offshore Guyana as US oil major ExxonMobil moves to assess several discoveries and...

Guyana revenue take will increase as oil production climbs

The projected revenues the South American country of Guyana is set to receive from oil production have been steadily growing since approval of the...

Hess $275M deal to help fund Stabroek investment

Hess will receive approximately $275 million in cash and approximately 115 million newly issued units in Hess Midstream Partners LP (NYSE: HESM) as part of a proposed transaction announced on Friday...

Exxon evaluating multiple wells to firm-up future development plans in Guyana

ExxonMobil is evaluating several wells on its multi-billion-barrel Stabroek block offshore the South American country of Guyana where it has made a record 14...

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...