Whiptail discovery big enough for its own FPSO –John Hess
Chief Executive Officer (CEO) for Hess Corporation, John Hess recently told industry stakeholders that the Whiptail discovery which was made at two wells is...
Guyana on track to produce additional 440,000 barrels of oil by 2024 -Hess CEO
Hess Corporation’s Chief Executive Officer, John Hess recently disclosed that the startup of the Liza Phase 2 Project in the Stabroek Block which will...
Exxon strikes two Whiptail discoveries; Hess says drilling to continue to test deeper targets
ExxonMobil Corporation disclosed this morning that it made two discoveries at the Whiptail-1 and Whiptail-2 wells in the Stabroek Block.
Whiptail-1 is being drilled in...
Hess records US$73M loss for second quarter
Hess Corporation today reported a net loss of US$73 million, or US$0.24 per common share, in the second quarter of 2021, compared with a...
‘‘Let’s put the traffickers behind bars” – Minister Persaud urges
“EACH one of you is in a good place to help change someone’s life. I’m here to support the process and the Counter-Trafficking in...
US$900M gas-to-energy project could be a blessing for Guyana-CARICOM’s Energy Head
Considering the fact that the US$900M gas-to-energy project will provide a cleaner source of energy thereby reducing the nation’s carbon footprint, pave the way...
Oil exports to grow by an annual average of 48.5 percent over 2020–2023-IDB Report
The Inter-American Development Bank has disclosed in its latest assessment of Guyana’s first-quarter performance that it projects oil exports will grow by an annual...
Govt. seeking private investors for US$900M Gas-to-Energy Project
The Ministry of Natural Resources has issued a call for Expressions of Interest (EoI) to join the Government as it undertakes the US$900M gas-to-energy...
Berbice Deepwater Port to earn US$37M in three years from oil sector- Report
The Berbice Deep Water Port (BDWP) which is being constructed by CGX Energy Inc. is positioned to play a leading role in the expansion...
Kawa-1 well to be spud in August; drilling and evaluation estimated to cost US$85M
CGX Energy and its partner, Frontera Energy Corporation, announced this morning that the Kawa-1 well in the Corentyne block is expected to be spud...