Tag Archive

Another Oil Discovery Offshore Guyana at Tripletail

Another Oil Discovery Offshore Guyana at Tripletail

September 16, 2019 No Comments

Hess Corporation (NYSE: HES) today announced a discovery at the Tripletail-1 well on the Stabroek Block offshore Guyana. Tripletail-1 encountered approximately 108 feet (33 meters) of a high quality oil bearing sandstone reservoir. Tripletail-1, drilled in 6,572 feet (2,003 meters) of water, is located approximately 3 miles (5 kilometers) northeast of the Longtail discovery. After […]

Hess Reports Estimated Results for the Second Quarter of 2019

Hess Reports Estimated Results for the Second Quarter of 2019

July 31, 2019 No Comments

Hess Corporation (NYSE: HES) today reported a net loss of $6 million, or $0.02 per common share, in the second quarter of 2019, compared with a net loss of $130 million, or $0.48 per common share, in the second quarter of 2018. On an adjusted basis, the Corporation reported a net loss of $28 million, […]

Africa Oil Announces Jethro-Lobe Spud Offshore Guyana

Africa Oil Announces Jethro-Lobe Spud Offshore Guyana

July 5, 2019 No Comments

Africa Oil Corp. announced that drilling operations have commenced offshore Guyana with the spudding of the first exploration well on the Jethro-Lobe prospect on the Orinduik Block. View PDF version. Jethro-Lobe was spud at 22:45 (local Guyana time) on July 4, 2019 using the Stena Forth drillship. Partners on the Orinduik Block comprise Tullow Guyana […]

Hess Sanctions Liza Phase 2 Development Offshore Guyana

Hess Sanctions Liza Phase 2 Development Offshore Guyana

May 4, 2019 No Comments

Hess Corporation (NYSE: HES) today announced it has received regulatory approval from the government of Guyana and has made a final investment decision to proceed with the second phase of development of the Liza Field on the Stabroek Block, offshore Guyana. Liza Phase 2 will utilize the Liza Unity Floating Production, Storage and Offloading vessel (FPSO) which will have […]

Stabroek Resource Estimate now 5 Billion Barrels

Stabroek Resource Estimate now 5 Billion Barrels

December 4, 2018 No Comments

ExxonMobil said today it made its 10th discovery offshore Guyana and increased its estimate of the discovered recoverable resource for the Stabroek Block to more than 5 billion oil-equivalent barrels. The resource estimate, up from the previous estimate of more than 4 billion oil-equivalent barrels, is a result of further evaluation of previous discoveries and […]

Hess Reports Estimated Results for the 2nd Qtr. 2018

Hess Reports Estimated Results for the 2nd Qtr. 2018

July 25, 2018 No Comments

Hess Corporation (NYSE: HES) today reported a net loss of $130 million, or $0.48 per common share, in the second quarter of 2018, compared to a net loss of $449 million, or $1.46 per common share, in the second quarter of 2017. On an adjusted basis, the Corporation reported an after-tax net loss of $56 […]

HESS REPORTS ESTIMATED RESULTS FOR THE FOURTH QUARTER OF 2016

HESS REPORTS ESTIMATED RESULTS FOR THE FOURTH QUARTER OF 2016

January 25, 2017 No Comments

Hess Corporation (NYSE: HES) today reported a net loss of $4,892 million, or $15.65 per common share, in the fourth quarter of 2016 compared with a net loss of $1,821 million, or $6.43 per common share, in the fourth quarter of 2015. Fourth quarter 2016 results include a noncash accounting charge of $3,749 million on […]

Hess Announces New Oil Discovery Offshore Guyana

Hess Announces New Oil Discovery Offshore Guyana

January 12, 2017 No Comments

Hess Corporation (NYSE:HES) announced positive results from the Payara-1 well offshore Guyana, which is the second oil discovery on the Stabroek Block following the world-class Liza oil discovery in 2015. Payara-1 Discovery The Payara-1 well, located approximately 10 miles (16 kilometers) northwest of the Liza discovery, was drilled by Esso Exploration and Production Guyana Limited, […]

ExxonMobil Confirms Significant Oil Discovery in Second Well, Offshore Guyana

ExxonMobil Confirms Significant Oil Discovery in Second Well, Offshore Guyana

June 30, 2016 No Comments

Exxon Mobil Corporation (NYSE:XOM) today said that drilling results from the Liza-2 well, the second exploration well in the Stabroek block offshore Guyana, confirm a world-class discovery with a recoverable resource of between 800 million and 1.4 billion oil-equivalent barrels. “We are excited by the results of a production test of the Liza-2 well, which […]