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.

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.

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.

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 ...

US judge blocks Trump asylum ban at US-Mexico border, says he exceeded authority WASHINGTON, (Reuters) – A federal judge yesterday blocked President Donald Trump’s asylum ban at the U.S.-Mexico ...

The shale boom made the US the world’s top oil producer in recent years, ahead of Saudi Arabia and Russia. But with many of ...

ExxonMobil, which operates the prolific Stabroek block offshore Guyana with a 45% stake, launched arbitration proceedings last year over Hess’ 30% interest in the field, which is the centre of ...

ExxonMobil Guyana has handed back 2,534 square kilometers of the Stabroek Block, the Ministry of Natural Resources said Wednesday night. Demerara Waves Online News was told that the relinquished ...