Hess is ramping up production in Guyana
Hess set for more Guyana benefits
The Stabroek block’s impact on the US independent’s business is only set to grow
The sheer scale of the ramp-up of oil production in Guyana can perhaps be obscured by looking at it through the lens of ExxonMobil, operator and 45pc stakeholder in the Stabroek block. Lacking the scale of a major, its transformative effect on New York-headquartered producer Hess, a 30pc partner in the field, is more apparent. Hess predicts that, having sold 2.3mn bl of oil from Guyana in the first quarter, it will have seven 1mn bl liftings in the second quarter—or an increase of over 130pc. Exports will rise further to eight 1mn bl liftings in both the third and fourth quarters. “This ramp in liftings from Guyana is expected to result in significant cash flow growth over the next three qua
Also in this section
21 April 2026
After overcoming a COVID-induced demand collapse with several years of successful market management, geopolitical events have conspired to provide the pact’s biggest test to date
21 April 2026
The regime’s policy of using nuclear ambiguity as a deterrent may have failed but it has realised it has other cards to play, while its neighbours are reappraising their approach to security
21 April 2026
As the global energy system undergoes a fundamental realignment, Algihaz Holdings has established itself as a critical player bridging conventional energy markets and the next generation of renewable infrastructure.
21 April 2026
The 25th WPC Energy Congress is taking place from 11-15 October 2026 at the Riyadh Front Exhibition & Conference Center.
