Guyana Oil and Gas News

HOUSTON, (Reuters) – Exxon Mobil’s legal bid to stop Chevron’s  proposed US$53 billion acquisition of Hess  rests on whether the transaction would involve a change of control of Hess’ prize subsidiary in Guyana, according to people knowledgeable about the argument.

Every Man, Woman and Child in Guyana Must Become Oil-Minded – Column 132 Modest investment, gargantuan returns Last week’s column completed the review of the published financial statements of the three companies which signed the 2016 Agreement for the Stabroek Block.

Every Man, Woman and Child in Guyana Must Become Oil-Minded – Column 131 Introduction Today’s column features the financial statements of the Chinese-owned CNOOC which holds a 25% working interest in the Stabroek Block, as a “non-operating joint venture partner”.

Every Man, Woman and Child in Guyana Must Become Oil-Minded – Column 130 Introduction This week’s column features the financial statements of the Guyana branch of ExxonMobil Guyana Limited, a 45% stakeholder, and the designated Operator, in the Stabroek Block.

Every Man, Woman and Child in Guyana Must Become Oil-Minded – Column 129 Introduction On 29th December 2023, in a letter to the press, I argued that the Natural Resource Fund was overstated by G$274 BN.,

HOUSTON (Reuters) -Hess shareholders today approved the proposed US$53 billion merger with Chevron that paves the way for the No.

Commentator Christopher Ram has said that the Guyana Government should seek to acquire Hess’ 30% share in the lucrative Stabroek Block which is currently at the centre of a dispute between two American oil majors: ExxonMobil and Chevron.

Every Man, Woman and Child in Guyana Must Become Oil-Minded Part 125 Introduction The disagreement involving the three Contractors under the 2016 Agreement (Exxon Guyana, Mobil, Hess and CNOOC) and Chevron over the friendly takeover of Hess by Chevron has gone to arbitration in the United States.

Introduction As indicated last week, today’s column closely reports the findings in Budget 2024 regarding Items 2 to 6 listed therein.

Introduction Regular  readers would recall that I used national budget 2023 to portray Guyana’s macro-economic and micro-economic foundations as satisfying the standard definitional prerequisites for a nation designated to be a Petrostate.

Introduction As titled, today’s column sums up my efforts since January 28 to assess the sustainability of Guyana’s oil and gas explosive growth.

Introduction During the recent Oil and Gas conference in Guyana, Mr.

Introduction Today’s column concludes the discussion on the fourth and final modeled driver and its metrics, which I believe undergirds any serious appraisal of the viability or affordability of a Guyana Universal Basic Income, UBI, mechanism, the Buxton Proposal.

Introduction As Guyana continues on its extensive infrastructural works to cope with a fast-growing economy, one area of law – compulsory acquisition of land – has been sidestepped and ignored, almost exclusively to the detriment of property owners.

HOUSTON,  (Reuters) – Top oil executives and ministers descend on Houston this week for one of the world’s biggest energy conferences emboldened by blockbuster mergers, stable oil prices and less pressure for a large-scale move to clean fuels.

Introduction This week’s column addresses the fourth and final driver along with its modeled metrics; namely, operational cost of oil production share ratios in Guyana.

ExxonMobil Guyana today announced a discovery at Bluefin in the Stabroek block offshore Guyana, the company’s first discovery of 2024.

HOUSTON (Reuters) – Chevron CEO Michael Wirth is facing a head-to-head match with Exxon Mobil with his US$53 billion bid for Hess and its stake in oil hotspot Guyana, and could wind up trapped in a dispute between two of South America’s biggest energy rivals.

A letter by Professor Kenrick Hunte appearing in the press earlier this week generated a wave of conversation across the society.

Exxon Mobil Corp. today filed for arbitration to retain its preemption rights over Hess Corp.’s