US supermajor ExxonMobil has officially relinquished 20% of the area of the prolific Stabroek block offshore Guyana.

Hess relinquished the block to state-owned Staatsolie, following the withdrawal and transfer of participation stakes by ...

An Exxon Mobil-led oil consortium has returned 2,534 square kilometers of the Stabroek Block in Guyana back to the government ...

Exxon, Chevron, and others are increasingly eyeing South America for low-cost, low-emission production as shale basins mature ...

US-based oil and gas company Hess has announced its decision to relinquish its interest in Block 59 offshore Suriname. The ...

Hess (HES) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings ...

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

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

Following a recent article published in the media concerning the 20% relinquishment of the Stabroek Block by the operator, ...

This expanded the Stabroek Block’s capacity to 560,000 barrels per day. After enhancements, those facilities, since January 2024, have been pumping over 600,000 barrels per day.

The initiative followed the completion of a $1 billion pipeline last year that will transport gas produced from ExxonMobil's extensive Stabroek Block.

ExxonMobil Guyana and its Stabroek Block co-venturers, Hess and CNOOC, yesterday announced they had extracted 500 million barrels of oil from Guyana’s offshore Stabroek block and that plans were ...