Crude Highlight of the Day
Despite the low price environment, Hess Corporation was able to lock in US$43.26 a barrel for Guyana’s oil due to hedging. Excluding Hedging, the...
COVID-19 forces ExxonMobil to leave two drill rigs idle offshore Guyana
As a result of the pandemic-related travel restrictions, the Operator of the Stabroek Block, Esso Exploration and Production Guyana Limited (EEPGL), has been forced...
Hess reports US$2.4B in losses for 2020 first quarter
Hess Corporation which holds a 30 percent interest in the Stabroek Block has reported a net loss of US$2.4B or US$8 per common share,...
Liza Unity FPSO progressing well despite COVID-19 pandemic
Even though the COVID-19 pandemic has had a severe impact on the work plans and offshore projects for many oil industry majors and service...
ExxonMobil has to improve plans for Payara project before it can receive Energy Dept’s...
While ExxonMobil’s Chief Executive Officer (CEO), Darren Woods would have told the market just days ago that the political uncertainty is what seems to...
Guyana unlikely to feel full blow of low oil prices – Energy Dept. Head.
The slump in oil prices due to the COVID-19 pandemic has severely affected many of the world’s wealthiest and largest oil producers. As a...
MARAD to review travel history of all offshore workers, plans in place for COVID-19...
In light of the growing number of COVID-19 cases, the Maritime Administration Department (MARAD) has stepped up its monitoring systems for all offshore vessels....
Our financial capacity has been built for times like this – ExxonMobil CEO
Even though the coronavirus has dealt several devastating blows to the financial health of top industry leaders, leaving many of them with a flickering...
Liza Phase 1 largely unaffected by COVID-19, should reach full capacity this quarter-ExxonMobil CEO
Oil Majors leading many production fields across the globe have been forced to engage in well shut-ins due to rapidly declining demand following the...
Guyana’s first royalty payment totals US$4.9M, already transferred to Natural Resource Fund
Finance Minister, Winston Jordan confirmed moments ago with Guyana Standard, that the nation is in receipt of its first royalty receipt which totals US$4,909,505.30....
