Guyana
Hess Seeks Partnership for Suriname Block 59
Hess Corp. is seeking a new partner or partners to join in Suriname’s offshore Block 59 after Exxon Mobil and Equinor each gave up their one-third interests last month.
Mike Wirth: The ‘Remarkable’ Rise Of Chevron’s Permian Portfolio
Chevron aims to grow Permian volumes past 1 MMboe/d in 2025—less than a decade after it averaged less than 100,000 boe/d from legacy holdings in West Texas and New Mexico, Chevron CEO Mike Wirth said.
The EPC Market Keeps Its Head Above Water
While offshore investments are rising, particularly in deepwater fields, challenges persist due to project delays and inflation, according to Westwood analysis.
Exxon Expects 3Q Guyana Volumes to Fall by 80,000 bbl/d
Exxon Mobil is forecasting lower third quarter Guyana production by about 13% due to hook-ups related to a gas-to-energy project for mainland Guyana.
As Chevron Deal Delays, Hess’ Bakken Oil Production Spikes 17%
Hess Corp. is producing and spending more as it awaits completion of Chevron’s proposed $53 billion acquisition, helping the E&P lift volumes in the Bakken and offshore Guyana.
Chevron’s $53B Hess Deal Delayed Until At Least Summer 2025
A pivotal arbitration hearing regarding Chevron’s acquisition of Hess Corp.’s Guyana portfolio is set for May 2025.
Exxon Surprises with Smaller FPSO for Guyana’s Hammerhead Project
Exxon Mobil Corp. announced plans for its seventh development offshore Guyana, Hammerhead, which will add 120,000 bbl/d to 180,000 bbl/d of production capacity starting in 2029.
Offshore Guyana: ‘The Place to Spend Money’
Exxon Mobil, Hess and CNOOC are prepared to pump as much as $105 billion into the vast potential of the Stabroek Block.
Sea Power: Noble’s Deal Fires Major Volley in Offshore, Services M&A
Noble Corp.’s $1.6 billion acquisition of Diamond Offshore Drilling may seem like small potatoes compared to the upstream sectors’ massive megadeals, but service sector consolidation could snowball, analysts said.
Proxy Vote Preview: Chevron, Hess and Guyana Uncertainty
Chevron Corp. stockholders will vote on May 28 and Hess’ stakeholders on May 29 on a $53 million combination that largely centers on Hess’ stake offshore Guyana.