Despite pressures of COVID-19, Liza Two remains on track for 2022 start-up-Hess CEO
While the pressures of the COVID-19 pandemic have put an overwhelming strain on the oil and gas industry, Chief Executive Officer of Hess Corporation,...
Quality of recent oil finds at Yellowtail complex similar to Liza- Hess COO
Even as it noted that the operator of the Stabroek Block, ExxonMobil, is in the process of evaluating two additional reservoirs at the Yellowtail...
Delays for Payara Project leaves US$465M for the country in limbo-Experts
In terms of sheer numbers, Petroleum Experts, Dr. Remi Piet and Arthur Deakin posit that the Payara field which is expected to produce roughly...
ExxonMobil currently evaluating world-class find at Yellowtail-2 appraisal Well for potential development
In May last, the Stena Carron drillship had resumed operations and drilled an appraisal Well at the Yellowtail-2 which is one mile southeast of...
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...
