Tag Archives: Hess Corporation

GUYANA: A low-cost oil supplier; as world still needs 50% oil and gas energy – Hess

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Guyana: 9th oil discovery announced as Hess hits Hammerhead-1 well

 9th oil discovery announced as Hess hits Hammerhead-1 well

August 30, 2018 – i-News Guyana

Hess Corporation, which holds 30 per cent interest in the Stabroek Block, on Thursday announced the ninth oil discovery offshore Guyana at the Hammerhead-1 well, marking its fifth oil discovery on the Stabroek Block in the past year and proving a new play concept for potential development.

According to a statement from the Business Wire, Hammerhead-1 encountered approximately 197 feet (60 meters) of high-quality, oil-bearing sandstone reservoir. The well was safely drilled to 13,862 feet (4,225 meters) depth in 3,373 feet (1,150 meters) of water.       Continue reading

Guyanese Campaigners Mount Legal Challenge Against Three Oil Giants

Guyanese Campaigners Mount Legal Challenge Against Three Oil Giants – Exxon Mobil, Hess Corporation and Nexen

Crowdfunded case claims offshore oil licences were granted illegally by the Guyanese government

Sandra Laville | The Guardian UK

Three major oil companies preparing to drill off the shores of Guyana, where a string of discoveries have sparked a rush for crude, are being challenged by a group of citizens who say their dash for oil is illegal.    Continue reading