Hess Corp. suffered net loss of US$320M for second quarter
Hess Corporation which holds a 15 percent working interest in the Stabroek Block reported yesterday that it suffered a net loss of US$320 million,...
Portion of oil money should be used to invest in incentives for local manufacturers-CGX...
Considering the fact that oil is a finite resource, Executive Chairman for CGX (Guyana) Energy, Professor Suresh Narine posits that Guyana must begin to...
EPA unable to independently verify ExxonMobil’s reports on flaring-Dr. Adams
Since December 2019 to now, American oil giant, ExxonMobil has been flaring approximately 12 to 15 million cubic feet of gas aboard the Liza...
Political uncertainty will have limited impact on ongoing oil and gas development projects in...
One of the industry’s leading providers of analytical oil and gas data, Fitch Solutions, recently conducted an assessment of the political uncertainty that has...
Oil exploration days numbered – Wood Mackenzie
In the last century, the discovery of new oil provinces in Guyana, Mozambique, Cyprus, Israel and Senegal, have certainly made the hunt for crude...
Delays for Payara project will impact production in Stabroek Block- Rystad Energy
With every day that passes without the approval for ExxonMobil’s third project called Payara, Guyana is increasing the opportunities for financial loss as well...
Guyana’s prospects for exploration still high even as global drilling braces for significant decline...
According to one of the latest industry assessments by Rystad Energy, an independent energy research and business intelligence company, the COVID-19 pandemic is poised...
Guyana has already lost $300M in net present value due to delayed approvals for...
ExxonMobil, the operator of the Stabroek Block, had anticipated receiving approvals for the Payara Project by the end of 2019. But a range of...
Ramps secures major cross border logistics project for Suriname exploration well
Ramps Logistics, one of the region's leading providers in shore base services, has successfully secured a fully integrated contract with PETRONAS Suriname E&P B.V....
Eco Atlantic convinced light, sweet oil trapped in Orinduik Block
Even as it continues assessments on the commerciality of the heavy oil discoveries made last year in the Jethro and Joe wells, Eco Atlantic...
