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

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 release said that an area of 2,534 square kilometres has been relinquished to Guyana as agreed upon between the Government of Guyana and the Stabroek Block operator.

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.

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 ...

THE Government of Guyana has officially confirmed the completion of the 20 per cent relinquishment of the Stabroek Block by operator ExxonMobil Guyana Limited (EMGL), in accordance with the legal ...

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) ...

PARAMARIBO, (Reuters) - Petronas will begin drilling today, the first of three wells in an exploration campaign aimed at finding additional oil reserves ...