Hess Corporation, a partner with ExxonMobil Guyana, on Wednesday upped the amount of hydrocarbon discovered offshore this northeastern South American country to 6 billion barrels of oil equivalent (BOE).
GEORGETOWN, Guyana, July 30, 2019 - Best practices are being explored in the establishment of Guyana’s Petroleum Commission which will oversee and manage the country’s emerging oil and gas industry. This was disclosed by Director of Energy Dr. Mark Bynoe during a press conference at the Ministry of the Presidency on Monday.
GEORGETOWN, Guyana- The world’s second largest stock market, NASDAQ, has named Guyana as the fastest growing economy in the world. With a lucrative oil and gas industry on the horizon for Guyana, the country has been listed as the fastest growing economy in the world, with a projected growth rate of 16.3 per cent from 2018-2021.
US multinational investment bank, Morgan Stanley, believes that despite political uncertainty and a recent report pointing to anti-corruption investigations into the award of oil blocks, Guytana's oil development plans remain intact.
NEW YORK--May 4, 2019 - The Hess Corporation, having received regulatory approval from the government of Guyana to proceed with the second phase of development of the Liza Field on the Stabroek Block, offshore Guyana, says the partners’ investment in the Guyanese economy has continued to increase.
IRVING, Texas-May 3, 2019 -ExxonMobil said today it has funded the Liza Phase 2 development offshore Guyana after it received government and regulatory approvals. Liza Phase 2 will produce up to 220,000 barrels of oil per day and further capitalize on the significant development potential of the Stabroek Block, where ExxonMobil estimates producing more than 750,000 barrels of oil per day by 2025.