Guyana Oil and Gas News

All the latest news and commentary on the new Guyana Oil and Gas sector include exploration, drilling, policy, impact and more.

John Hess

Stabroek Block gifts Hess four quarters of increased profits

Even as it continues with aggressive exploration and production plans in the Stabroek Block which has already significantly contributed to four quarters of increased profits, Hess Corporation yesterday said that the two recent discoveries here could mean an additional oil platform for that area, aside from the one FPSO per year plans for Guyana.

Mike Ryan

Exxon says new Liza Unity compressor performing optimally

In addition to the announcement that the problematic compressor from the Liza Unity FPSO has been replaced and that the new one is functioning optimally at production of  140,000 barrels per day, ExxonMobil also stated that it has paid over US$10 million in fines to the Environmental Protection Agency (EPA) as a penalty for flaring of climate harming gases.

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