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

“The Stabroek block has been the site of multiple significant discoveries, which are now undergoing evaluation and appraisal to determine their commercial potential,” said the ministry.

An Exxon Mobil-led oil consortium has returned 2,534 square kilometers of the Stabroek Block in Guyana back to the government, the Ministry of Natural Resources said in a statement on Wednesday.

The preparations come as both companies await a decision in a legal challenge from larger rival ExxonMobil that will make or break the $53-billion deal.

This followed an article in yesterday’s Kaieteur News concerning EMGL’s relinquishment of 20 per cent of the Stabroek Block. The release said that an area of 2,534 square kilometres has been ...

Letters to the Editor Stabroek Block 2016 PSA Agreement was a Coalition copy of the PPP/C’s 1999 Contract and does not preclude our prerogative to ringfencing By Stabroek News June 14, 2025 ...

Hamlet-1 is being drilled in the southeast portion of the Stabroek block and closer to the Suriname border and some 193 kilometres from the Guyanese coast.

ExxonMobil is intensifying exploration efforts in Guyana’s prolific Stabroek Block, with the drilling of two new wells — Hamlet-1 and Lukanani-2 — as it seeks to expand on the more than 11 ...

These blocks are believed to hold immense potential, as they share similar geological characteristics with neighboring Guyana, which hosts prolific oil and gas fields, such as the Stabroek Block.