Guyana will rise to be king of the heap- Simon Flowers, Woodmackenzie Chairman
When one takes into account, the quality of the reserves in the golden Stabroek block, along with the fact that the phased development of...
Deep water projects now one of the cheapest sources of novel supply- Rystad
A comprehensive analysis that was recently conducted by Rystad Energy on oil production costs has revealed that the average breakeven price for all unsanctioned...
Latin America, Caribbean Region among hardest hit by COVID-19-IMF
While the Latin American and Caribbean (LAC) region was hit later than some other hot spots by the COVID-19 pandemic, it has become among...
Guyana’s is now the largest, new conventional liquids play in last decade-ExxonMobil
With the two discoveries made on the Stabroek Block during this quarter, that is to say, Yellowtail 2 and Redtail 1, the recoverable resource...
Exxon suffers US$680M loss in third quarter, reduces capital programme by US$4B
Exxon Mobil Corporation today announced an estimated third-quarter loss of US$680 million or US$0.15 per share. The oil giant told its shareholders during its...
Liza Destiny producing 105,000 barrels of oil per day for the last few weeks-...
Even though the mechanical issues plaguing the proper functioning of the Liza Destiny’s gas compressor system have not been fully resolved, Hess Corporation’s Chief...
Guyana’s oil reserves climb to 9B barrels, Hess says discoveries can support 10 FPSOs
Hess Corporation, a global company devoted to exploring oil, gas, and energy solutions, disclosed yesterday during its third-quarter earnings call that Guyana’s gross discovered...
ExxonMobil to slash approximately 1900 workers across US offices
As part of an extensive global review announced earlier this year, ExxonMobil disclosed today that it plans to reduce staffing levels in the United...
Hess says third quarter take from Stabroek block averaged 19,000 barrels
Hess Corporation was pleased to announce this morning that its 30 percent stake in the Stabroek block allowed it to realize 19 000 barrels...
Guyana’s oil production contracted by 46 percent at half year-Bank of Guyana
According to the latest report of Central Bank, the nation's oil industry recorded crude oil production of 12,349,835 barrels, with an average output per...
