SPRING, TEXAS (ExxonMobil, 12.Apr.2024) — ExxonMobil has made a final investment decision for the Whiptail development offshore Guyana, after receiving the required government and regulatory […]
Tag: Hess Guyana Exploration Ltd.
![Hess Reports 4Q:23 Results, Updates on Payara [PDF Download]](https://energy-analytics-institute.org/wp-content/uploads/2023/04/guyana-fpso-prosperity-arrival-to-stabroek-source-sbm-1b.jpg)
Hess Reports 4Q:23 Results, Updates on Payara [PDF Download]
(Hess, 31.Jan.2024) — Hess Corporation (NYSE: HES) reported net income of $413mn, or $1.34 per share, in the fourth quarter of 2023, compared with net […]
FPSO Prosperity Producing and On Hire
(SBM Offshore, 14.Nov.2023) — SBM Offshore announce that FPSO Prosperity has produced first oil as of 14 Nov. 2023 and is formally on hire. The FPSO Prosperity utilizes a […]
ExxonMobil Starts Third Offshore Guyana Project Payara
(Exxon Mobil, 14.Nov.2023) — ExxonMobil started production today at Payara, Guyana’s third offshore oil development on the Stabroek Block, bringing total production capacity in Guyana […]
Welligence says Hess Corporation gives Chevron Atlantic margin exposure
PANAMA CITY, PANAMA (Energy Analytics Institute, 23.Oct.2023, Words: 203) — US-based Chevron Corporation will acquire Hess Corporation for $60bn (including net debt), the second giant […]
Chevron to Acquire Hess in $53bn All-Stock Deal
(Chevron, 23.Oct.2023) — Chevron Corporation (NYSE: CVX) has entered into a definitive agreement with Hess Corporation (NYSE: HES) to acquire all of the outstanding shares […]
Exxon, Hess Exit Kaieteur Offshore Oil Exploration Block in Guyana
(Reuters, 28.Sep.2023) — U.S. oil producers Exxon Mobil (XOM.N) and Hess Corp (HES.N) have withdrawn from exploring the Kaieteur block in Guyana’s deepwaters, Exxon said on Thursday, after disappointing […]
Guyana Postpones Offshore Auction to mid-August
(Reuters, 16.Jun.2023) — Guyana will postpone by about one month its first offshore oil blocks auction as the country finalizes new terms of the country’s oil and […]
MODEC’s Uaru FPSO Proceeds to EPCI Phase
(MODEC, 8.May.2023) — MODEC, Inc. will proceed with engineering, procurement, and construction on the Uaru Floating Production, Storage, and Offloading (FPSO) vessel following a final investment decision […]
SBM Offshore Inks Deal for its Guyana FPSO Fleet
(SBM, 2.May.2023) — SBM Offshore has signed a 10-year Operations and Maintenance Enabling Agreement with Esso Exploration & Production Guyana Ltd (aka “ExxonMobil Guyana”) for […]
ExxonMobil Advances Fifth Offshore Guyana Development
(ExxonMobil, 27.Apr.2023) — ExxonMobil made a final investment decision for the Uaru development offshore Guyana after receiving required government and regulatory approvals. The company expects […]
Hess Sanctions Uaru Development Offshore Guyana
(Hess, 27.Apr.2023) — Hess Corporation (NYSE: HES) has made a final investment decision to proceed with Uaru, the fifth development on the Stabroek Block, after […]
![Hess Reports 1Q:23 Results, Another Find Offshore Guyana [PDF Downloads]](https://energy-analytics-institute.org/wp-content/uploads/2023/04/hess-houston-source-energy-analytics-institute-c-scaled.jpg)
Hess Reports 1Q:23 Results, Another Find Offshore Guyana [PDF Downloads]
(Hess, 26.Apr.2023) — Hess Corporation (NYSE: HES) reported net income of $346mn, or $1.13 per share, in the first quarter of 2023, compared with net […]
![Guyana Budget 2023 [PDF Download]](https://energy-analytics-institute.org/wp-content/uploads/2023/01/guyana-budget-speech-2023.png)
Guyana Budget 2023 [PDF Download]
(Guyana Ministry of Finance, 16.Jan.2023) — The Budget 2023 is the fourth budget of this People’s Progressive Party/Civic (PPP/C) government formed in August 2020. ____________________
![Hess’ Guyana Developments and Low Breakeven Prices [PDF Download]](https://energy-analytics-institute.org/wp-content/uploads/2023/01/guyana-4-developments-source-hess.png)
Hess’ Guyana Developments and Low Breakeven Prices [PDF Download]
(Energy Analytics Institute, 5.Jan.2023) — Hess Corporation’s activities offshore Guyana in the Stabroek Block over the company exceptional reservoir quality and low development costs. The […]
MODEC Awarded FEED Contract for ExxonMobil’s “Uaru” Project in Guyana
(MODEC, 1.Nov.2022) — MODEC, Inc. signed a contract to perform Front End Engineering and Design (FEED) for a Floating Production, Storage and Offloading vessel (FPSO) […]
ExxonMobil Reveals Two New Guyana Finds
(ExxonMobil, 26.Oct.2022) — ExxonMobil announced two discoveries at the Sailfin-1 and Yarrow-1 wells in the Stabroek block offshore Guyana, adding to its extensive portfolio of […]
Hess Announces Two More Discoveries Offshore Guyana
(Hess, 26.Oct.2022) — Hess Corporation (NYSE: HES) today announced two new discoveries at the Yarrow-1 and Sailfin-1 wells on the Stabroek Block offshore Guyana. The discoveries, which […]
Exxon Boosts Guyana Oil Output, Undecided on Future Auction Bid
(Reuters, 20.Sep.2022) — Exxon Mobil Corp. is uncertain whether it will bid for new offshore areas Guyana wants to explore, a person close to the matter said, as the oil major ramps […]
NRGBriefs: Petrobras on CVM; Morgan Stanley on Ecopetrol; GtE Guyana
HOUSTON, TEXAS (Energy Analytics Institute, 4.Aug.2022, Words: 346) — Energy briefs including Petrobras receiving an official letter from the Securities and Exchange Commission of Brazil […]
ExxonMobil Makes Two More Discoveries Offshore Guyana
(ExxonMobil, 26.Jul.2022) — ExxonMobil has made two new discoveries offshore Guyana to the southeast of the Liza and Payara developments in the Stabroek block. The […]
Unlikely Exxon Guyana to Sustain Production Target for 2027
(Energy Analytics Institute, Special Contributor Millan Arcia Einstein, 5.May.2022) — New hydrocarbon discoveries offshore Guyana, were announced last week totaling 31 so far. Exxon-Guyana claims […]
![Hess Corp. Reports Estimated 1Q:22 Results [PDF Downloads]](https://energy-analytics-institute.org/wp-content/uploads/2021/10/Hess-.png)
Hess Corp. Reports Estimated 1Q:22 Results [PDF Downloads]
(Hess, 27.Apr.2022) — Hess Corporation (NYSE: HES) reported net income of $417mn, or $1.34 per share, in the first quarter of 2022, compared with net […]
Guyanese Crude Cargo Bought by Exxon Sets Sail for Europe -Data
(Reuters, 26.Apr.2022) — A tanker carrying Guyana’s first share of oil from a recently inaugurated floating production facility has set sail for Rotterdam, tanker monitoring […]
NRGBriefs: Exxon Announces Three New Finds Offshore Guyana
(Energy Analytics Institute, 26.Apr.2022) — Energy briefs including Exxon announcing three new discoveries offshore Guyana, adding to two discoveries earlier in 2022; details regarding resolutions […]
Hess’ Exploration Focus: A World Class Petroleum Province Offshore Guyana
(Hess, 26.Apr.2022) — The Stabroek Block, located approximately 120 miles offshore Guyana, is 6.6 million acres. The block is equivalent in size to 1,150 Gulf […]
ExxonMobil increases Stabroek resource estimate to nearly 11 billion barrels
(Exxon, 26.Apr.2022) — ExxonMobil has made three new discoveries offshore Guyana and increased its estimate of the recoverable resource for the Stabroek Block to nearly […]
Hess Reveals Three New Finds Offshore Guyana, Boosts Resource Estimate
(Hess, 26.Apr.2022) — Hess Corporation (NYSE: HES) announced an increase in the gross discovered recoverable resource estimate for the Stabroek Block offshore Guyana to approximately 11 billion barrels […]
SBM Offshore Awarded Contracts for ExxonMobil FPSO ONE GUYANA
(SBM, 5.Apr.2022) — SBM Offshore announced that Esso Exploration and Production Guyana Limited (EEPGL), an affiliate of Exxon Mobil Corporation, has confirmed the award of […]
NRGBriefs: Exxon, Hess, and CNOOC FID Yellowtail development
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 4.Apr.2022) — Energy briefs including ExxonMobil, Hess and CNOOC taking a final investment decision (FID) for their fourth […]
Hess sanctions Yellowtail development offshore Guyana
HOUSTON, TEXAS (Hess, 4.Apr.2022) — Hess Corporation has made a final investment decision to proceed with development of Yellowtail offshore Guyana after receiving government and […]
ExxonMobil Makes FID on Fourth Guyana Offshore Project Yellowtail
(ExxonMobil, 4.Apr.2022) — ExxonMobil has made a final investment decision for the Yellowtail development offshore Guyana after receiving government and regulatory approvals. The company’s fourth, […]
Exxon Mobil gets Guyana’s Approval for Fourth Offshore Oil Project
(Reuters, 1.Apr.2022) — Exxon Mobil Corp (XOM.N) on Friday received approval to begin work on its fourth offshore oil project in Guyana from the South American country’s […]
Exxon Raises Guyana’s Long Term Oil Production Outlook
(Reuters, 2.Mar.2022) — Exxon Mobil Corp (XOM.N) on Wednesday said it plans to have capacity to produce with partners 1.2 million barrels per day of oil and […]
Guyana Talking to Middle East Firms about Offshore Oil Auction -VP
(Reuters, 17.Feb.2022) — Guyana is in talks with state-run oil firms from the Middle East to discover new offshore fields, Vice President Bharrat Jagdeo told […]
ExxonMobil’s Second Development Starts Operations Offshore Guyana
(ExxonMobil, 11.Feb.2022) — ExxonMobil started production at Guyana’s second offshore oil development on the Stabroek Block, Liza Phase 2, bringing total production capacity to more […]
Hess Starts Production from Liza Phase 2 Development, Offshore Guyana
(Hess, 11.Feb.2022) — Hess Corporation (NYSE: HES) announced startup of production from the Liza Phase 2 development on the Stabroek Block offshore Guyana, utilizing the Liza Unity […]
![Hess Reports 4Q:21 Results, Updates on Guyana [PDF Download]](https://energy-analytics-institute.org/wp-content/uploads/2022/01/hess-hq-1-houston-energy-analytics-institute-scaled.jpeg)
Hess Reports 4Q:21 Results, Updates on Guyana [PDF Download]
(Hess, 26.Jan.2022) — Hess Corporation (NYSE: HES) reported net income of $265mn, or $0.85 per share, in the fourth quarter of 2021, compared with a […]
Hess Announces 2022 E&P Capital and Exploratory Budget
(Hess, 25.Jan.2022) — Hess Corporation (NYSE: HES) announced a 2022 Exploration & Production capital and exploratory budget of $2.6bn, of which approximately 80% will be allocated to Guyana and […]
Hess Reports Two Finds Offshore Guyana
(Hess, 5.Jan.2022) — Hess Corporation (NYSE: HES) announced two significant discoveries at the Fangtooth-1 and Lau Lau-1 wells on the Stabroek Block offshore Guyana. These discoveries will add […]
ExxonMobil Finds More Oil at Two Wells in Guyana’s Stabroek Block
(Exxon, 5.Jan.2022) — ExxonMobil made two oil discoveries at Fangtooth-1 and Lau Lau-1 in the Stabroek block offshore Guyana. The Fangtooth-1 well encountered approximately 164 […]
Guyana Gov’t Working on Ensuring Prosperity
(DPI, 23.Dec.2021) — December 20, 2019, marked a new, historic era for Guyana and its people. It was the day when ExxonMobil began producing light […]
NRGBriefs: Liza Unity FPSO Reaches Guyana
(Energy Analytics Institute, 27.Oct.2021) — Energy briefs including the Liza Unity FPSO reaching Guyana’s prolific Stabroek Block; liquefied petroleum gas (LPG) reaching approximately 12mn users […]
Guyana – One Of The World’s Last Oil And Gas Frontiers
(The Geological Society of Trinidad, 21.Oct.2021) — ExxonMobil recently announced that their recoverable oil and gas resources in Guyana had reached an unbelievable ten billion […]
ExxonMobil Boosts Stabroek Resource Estimate
(ExxonMobil, 7.Oct.2021) — ExxonMobil increased its estimate of the discovered recoverable resource for the Stabroek Block offshore Guyana to approximately 10 billion oil-equivalent barrels. The […]
Hess Boosts Resource Estimate for Stabroek Block
(Hess, 7.Oct.2021) — Hess Corporation (NYSE: HES) announced an increase in the gross discovered recoverable resource estimate for the Stabroek Block offshore Guyana to approximately 10 […]
ExxonMobil Reports Discovery At Pinktail
(ExxonMobil, 9.Sep.2021) — ExxonMobil made a discovery at Pinktail in the Stabroek Block offshore Guyana. The Pinktail well encountered 220 feet (67 meters) of net […]
Hess Reveals Oil Find At Pinktail, Offshore Guyana
(Hess, 9.Sep.2021) — Hess Corporation (NYSE: HES) announced another oil discovery on the Stabroek Block offshore Guyana at Pinktail. The Pinktail well encountered 220 feet […]
Guyana Creating New Authority For Oil Sector
(Argus, 12.Aug.2021) — Guyana plans to create a new authority by the end of 2021 to regulate its growing hydrocarbon revenues and allow orderly and […]
ExxonMobil Reveals Oil Find at Whiptail
(ExxonMobil, 28.Jul.2021) — ExxonMobil said it made a discovery at Whiptail in the Stabroek Block offshore Guyana. The Whiptail-1 well encountered 246 feet (75 meters) […]