By bne IntelliNews The arbitrators in a legal dispute between ExxonMobil and Hess have reportedly reached a decision. Citing ...

The country accounts for nearly half of all such units in operation worldwide, thanks in most part to the strong and steady ...

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

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

This abundance of high-quality discoveries in the Stabroek Block indicates that the Guyana Suriname Basin’s petroleum potential far exceeds the volumes calculated by the US Geological Survey, USGS.

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

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

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, ...

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

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 ...

ExxonMobil Guyana plans to increase output from its Stabroek block offshore Guyana by 18,000 barrels per day (bpd) once it has completed risk assessments and received approval from local ...