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.

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 ...

ExxonMobil operates the Stabroek block with a 45% stake and has already discovered more than 11 billion barrels of oil equivalent in recoverable resources in the play.

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 ...

The Ministry of Natural Resources has announced that in conjunction with the Guyana Geology and Mines Commission (GGMC), it has completed the review of ExxonMobil Guyana Limited’s (EMGL’s) ...

Both companies carry strong balance sheets, offer well-covered dividends, and trade at attractive valuations. Click for more ...