In August 2024, Guyana’s Minister of Natural Resources, Vickram Bharrat, announced that the country’s oil reserves had grown by 600 million barrels to 11.6 billion barrels.

Today’s column addresses the audited financial statements of CNOOC Petroleum Guyana Limited, the third-ranking partner with a 25% interest in the Stabroek Block operating under the 2016 ...

Chevron is pushing ahead with its $53 billion acquisition of Hess, preparing for integration and layoffs while awaiting an ...

Guyana accounted for $4.7 bln of Exxon's total 2024 earnings of $33.5 bln; Profit up at $3.1 bln for Hess, $2.5 bln for CNOOC in Guyana; Consortium reached gross oil output of 652,000 bpd in Q4 ...

Exxon Mobil (NYSE:XOM) said Tuesday its oil-producing consortium in Guyana with partners Hess (HES) and CNOOC (OTCPK:CEOHF) posted a 64% surge in FY 2024 profit to $10.4B. Guyana accounted for $4 ...

SCIENCE, Technology, Engineering, and Mathematics (STEM) education will play a crucial role in determining Guyana’s economic ...

Exxon Mobil, leading an oil consortium, has returned a portion of Guyana's Stabroek Block to the government. This move is ...

The outcome of a key arbitration case between Exxon Mobil (NYSE:XOM) and Hess Corp (NYSE:HES) could determine the fate of ...

The course of Guyana’s destiny changed in 2015 when US fossil fuel giant Exxon struck oil. ... US oil company Hess and China-headquartered CNOOC, had started producing the fossil fuel.

Exxon, U.S.-based Hess and China's CNOOC won offshore block S8 in a bidding round launched in late 2022 by President Irfaan Ali's administration in a move to diversify Guyana's energy industry.

Guyana’s Stabroek block has an estimated 11 billion barrels of oil in place discovered so far by the consortium of ExxonMobil, U.S. Hess Corp, and CNOOC of China.