ExxonMobil and Hess have made two more discoveries in Guyana
Guyana yields more discoveries
Two more finds have been made at the upstream frontier’s prolific Stabroek block
Partners ExxonMobil and New York-headquartered Hess have made two more discoveries at Guyana’s Stabroek block, increasing the number of discoveries made in the country this year to seven. The first discovery, Seabob 1, is around 19km southeast of the Yellowtail development and in waters 1,421m deep. The second, Kiru-Kiru 1, is about 5km southeast of the Cataback-1 discovery and in waters 1,756m deep. Together, the new finds will increase Stabroek’s resources beyond its previous recoverable resource estimate of 11bn bl oe. And there could be more to come. “We continue to see multibillion barrels of future exploration potential remaining,” says Hess CEO John Hess, while management describe Guy
Also in this section
18 February 2026
With Texas LNG approaching financial close, Alaska LNG advancing towards a phased buildout and Magnolia LNG positioned for future optionality, Glenfarne CEO Brendan Duval says the coming year will demonstrate how the company’s more focused, owner-operator approach is reshaping LNG infrastructure development in the North America
18 February 2026
The global gas industry is no longer on the backfoot, hesitantly justifying the value of its product, but has greater confidence in gas remaining a core part of the global energy mix for decades
18 February 2026
With marketable supply unlikely to grow significantly and limited scope for pipeline imports, Brazil is expected to continue relying on LNG to cover supply shortfalls, Ieda Gomes, senior adviser of Brazilian thinktank FGV Energia,
tells Petroleum Economist
17 February 2026
The 25th WPC Energy Congress, taking place in Riyadh, Saudi Arabia from 26–30 April 2026, will bring together leaders from the political, industrial, financial and technology sectors under the unifying theme “Pathways to an Energy Future for All”
