Tag Archives: Hess Corporation

President Irfaan Ali on Monday announced that more carbon credit earnings would be allocated to Indigenous Amerindian communities this year although the actual revenue has dropped compared to 2023. While Guyana this year earned US$87.5 million from the American oil company, Hess Corporation, for the purchase of carbon credits, he said Amerindian communities would not take less based on the ...

Hess Corporation, one of the partners in the ExxonMobil-controlled oil operations offshore Guyana, says commercial oil production will begin in December 2019. “In September, we announced our 14th discovery in the Stabroek Block at Tripletail, offshore Guyana and are now targeting December for first oil from the Liza-1 development,” Chief Executive Officer of Hess Corporation, John Hess was quoted as ...

Hess Corporation, a partner with ExxonMobil Guyana, on Wednesday upped the amount of hydrocarbon discovered offshore this northeastern South American country to 6 billion barrels of oil equivalent (BOE). “In Guyana, we have just increased the estimate of gross discovered recoverable resources for the Stabroek Block to more than 6 billion barrels of oil equivalent and continue to see multi-billion ...