Shale pioneer John Hess said on Tuesday that key U.S. shale fields are starting to plateau, calling shale important but not the next Saudi Arabia.
ExxonMobil today announced its 16 discovery in the Stabroek Block, located off the Guyanese coastline. The Texas-based company announced that it encountered 29 meters of high-quality oil-bearing sandstone at the Uaru well.
A vessel carrying Guyana’s first-ever shipment of crude set sail on Monday bound for the U.S. Gulf Coast, oil major Exxon Mobil Corp said, marking the tiny South American nation’s long-awaited debut as an oil exporter.
Apache Corp and Total SA announced they had made a major oil discovery in a closely watched area off the coast of South America’s Suriname, sending Apache’s shares surging nearly 27%.
President David Granger is optimistic that the International Court of Justice (ICJ) will dispense a ruling in Guyana’s favor in the border case with Venezuela. The Guyanese president expressed these sentiments while appearing on the popular radio program, Hot Seat.
Hess Corp's first oil in Guyana, where it is a partner in the crude-rich ExxonMobil-led Stabroek offshore block, will be in December, ahead of the previously stated Q1 2020 date, a top company executive said on Friday.
Venezuelan prosecutors said Friday they would charge opposition leader Juan Guaido with “high treason” for planning to renounce the country's claim to a disputed border area controlled by Guyana.
The find was made at the Yellowtail-1 Well and represents the third discovery for this year and the fifth in the Turbot area, where ExxonMobil is evaluating its potential as an additional development hub.
South American countries on Friday launched the Forum for the Progress of South America (Prosur), a new regional bloc which seeks the “integration and strengthening of the region.”
Hess Corporation has announced positive results from the Tilapia-1 and Haimara-1 wells offshore Guyana, bringing the total number of discoveries on the Stabroek Block to 12.“These two discoveries demonstrate the continuing exploration potential on the prolific Stabroek Block and add to the previously announced gross discovered recoverable resource estimate of more than 5 Bboe,” said CEO John Hess.