HOUSTON, TEXAS (By Pietro D. Pitts, Energy Analytics Institute, 9.Jan.2025, Words: 581) — Not even crude oil prices down to $35/bbl will impact the ability of 4 projects offshore Guyana to produce positive returns.
To be more exact, the first 4 projects in the prolific Stabroek Block being developed by operator ExxonMobil Corporation, which leads a consortium that includes Hess Corporation and CNOOC, have an average breakeven oil price of $30.25/bbl.
(Kaieteur News, 13.Aug.2020) — Payara will be proof and pave the way. Payara could be the first plank toward petroleum prosperity. That delay pending review […]
(NewsAmericas, 29.Jul.2021) — Tempers flared and the temperature escalated as the Guyana EPA, Ministry of Natural Resources and the Gas-to-Shore project were under fire recently. […]
(Hess, 7.May.2020) — Hess Corporation reported a net loss of $2,433 million, or $8.00 per common share, in the first quarter of 2020, including impairment and […]