PANAMA CITY, PANAMA (By Piero Stewart, Energy Analytics Institute, 13.Nov.2025, Words: 115) — Post closing of the Hess Corporation deal, Guyana is a key growth asset for Chevron Corporation with leading cash margins (<$35/bbl breakeven). By 2030, 8 floating production, storage and offloading (FPSO) vessels are expected to be online, leading to over […]
Tag: Hess Corp
Chevron to transfer interest in Hess Toy Truck LLC in Apr. 2026
HOUSTON, TEXAS (By Editors at Energy Analytics Institute, 28.Jul.2025, Words: 533) — Effective as of 1 Apr. 2026, Chevron USA is expected to cause the transfer of its interest in Hess Toy Truck LLC (“ToyCo”). ToyCo is a limited liability company that holds assets comprising the Hess toy truck business, […]
John B. Hess appointed to Chevron Corporation board
ATLANTA, GEORGIA (By Chad Archey, Energy Analytics Institute, 28.Jul.2025, Words: 342) — The board of directors of Chevron Corporation appointed John B. Hess as a member of the board, effective 28 Jul. 2025. Mr. Hess will also serve as a member of the public policy and sustainability committee of the […]
ExxonMobil’s Payara Celebrates 100 MMbbls of Oil Produced in Just 15 Months
HOUSTON, TEXAS (Pietro D. Pitts, Energy Analytics Institute, 13.Feb.2025) — ExxonMobil Corporation, which operates the Stabroek Block offshore Guyana, celebrated 100 million barrels (MMbbls) of oil produced from its Payara project, the company announced 13 Feb. 2025 on social media. Payara, ExxonMobil’s third development offshore Guyana, started up just 15 months […]
ExxonMobil eyes Yellowtail development startup Offshore Guyana in 3Q:25
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 31.Jan.2025) — ExxonMobil Corporation expects the startup of the 250,000 barrel per day (b/d) Yellowtail development in the Stabroek Block to occur sometime in the third-quarter 2025 (3Q:25), according to comments from the company’s chairman and CEO Darren W. Woods. “With respect to […]
Exxon-led consortium offshore Guyana brings money, builds production
CARACAS, VENEZUELA (Piero Stewart, Energy Analytics Institute, 18.Dec.2024, Words: 385) — ExxonMobil Corporation, with the previous announcement of the Hammerhead and Longtail projects offshore Guyana, looks to take the total number of developments producing in the prolific deepwater offshore Stabroek Block to 8 by 2030. Hammerhead could start producing by […]
Chevron Eyes More Non-core Asset Divestments, Wirth Says
(Energy Analytics Institute, 1.Nov.2024) — California-based Chevron Corporation plans to continue to divest non-core assets as part of its ongoing portfolio optimization efforts. This, as the Federal Trade Commission (FTC) completed its review of Chevron’s merger with New York City-based Hess Corporation, and as the company recently announced several other […]
Hess BODs Declares Regular Quarterly Dividend
(Energy Analytics Institute, 4.Sep.2024) — The Board of Directors of Hess Corporation declared a regular quarterly dividend of $0.50/share payable on the common stock of the corporation on 30 Sep. 2024 to holders of record at the close of business on 16 Sep. 2024. The dividend represents a 14% increase vs […]
LatAm Briefs: Ofac Venezuela, SEOGS2021 Kicks Off, Net Zero Summit
(Energy Analytics Institute, 1.Jun.2021) — Energy briefs from the Latin America and Caribbean region including: Ofac extending Chevron’s operating license in Venezuela; Microsoft founder, Bill Gates, participating in the Innovating To Net Zero Summit; and the kick off of the Suriname Energy, Oil and Gas Summit (SEOGS2021). Ofac Extends Chevron’s […]
Guyana’s Oil Reserves Are Larger Than Expected
(OilPrice.com, Julianne Geiger, 23.Jul.2018) – Guyana’s recoverable offshore oil reserves are larger than expected—by almost a billion barrels, Hess Corp CEO John Hess said in a Monday press release. Gross discovered recoverable resources for Hess’s Stabroek Block has been revised upward to 4 million barrels of oil equivalent—up from the […]
The Caribbean Poised To Become Major Oil Region
(OilPrice.com, Haley Zaremba, 22.Aug.2017) – In the future, we may be hearing about the Caribbean a whole lot more when talking about oil and gas. Previously, the area was virtually off the map for the fossil fuels industry, despite its proximity to the vast oil reserves of Venezuela. Now, the […]