Fourth Vessel Set to Depart for Guyana in Q1 2025, Boosting Oil Output by 250,000 bbl/d

• Thursday, 21st November 2024
• by Doaa Ashraf

The fourth floating production storage and offloading (FPSO) facility is expected to depart for the South American country in the first quarter of 2025, said John Hess, CEO of US oil producer Hess Corporation, during ...

Exxon-led Consortium Reaches 500 Million Barrels in Guyana’s Stabroek Block, Eyes 1.3 Million Daily by 2027

• Thursday, 14th November 2024
• by Doaa Ashraf

ExxonMobil said on Wednesday it had reached 500 million barrels (mmbbl) of oil production from Guyana’s Stabroek block since 2019, with aim to increase production capacity to over 1.3 mmbbl of oil per day by 2027 once...

Iraq bars Hess from 4th bidding round over Kurdish deals

• Thursday, 8th September 2011
• by Egypt Oil & Gas

Iraq’s Oil Ministry has excluded U.S oil firm Hess Corp from competing in its 4th bidding round because the company signed deals with Iraq’s northern Kurdish region, a senior Iraqi oil official said on Mon...

MENA to Acquire 55% Interest Offshore Egypt from Hess

• Tuesday, 2nd August 2011
• by Egypt Oil & Gas

MENA Hydrocarbons Inc. is pleased to announce that it has received co-venturer approval for the acquisition of a 55 percent participating interest in the West Mediterranean, Block 1, Segment A block located 60 km off ...