Liza

Hess Announces First Production from Payara Development, Offshore Guyana

Retrieved on: 
Tuesday, November 14, 2023
Professional Services, Other Natural Resources, Oil, Gas, Energy, Finance, Natural Resources, Whiptail, Corporation, NYSE, Climate change, FPSO, Security (finance), EDGAR, Prosperity, Annual report, Hess Corporation, COVID-19, Natural gas, Liza, ExxonMobil, Chevron Corporation, Atlas, News, Government

Hess Corporation (NYSE: HES) today announced startup of production from the Payara development on the Stabroek Block offshore Guyana, utilizing the Prosperity floating production, storage and offloading (FPSO) vessel.

Key Points: 
  • Hess Corporation (NYSE: HES) today announced startup of production from the Payara development on the Stabroek Block offshore Guyana, utilizing the Prosperity floating production, storage and offloading (FPSO) vessel.
  • The operator is currently working with the government of Guyana to secure regulatory approvals for a sixth project at Whiptail.
  • Hess Guyana Exploration Ltd. holds 30 percent interest and CNOOC Petroleum Guyana Limited holds 25 percent interest.
  • Hess Corporation is a leading global independent energy company engaged in the exploration and production of crude oil and natural gas.

TCW Names Peter Van Gelderen as Global Co-Head of the Securitized Group

Retrieved on: 
Monday, August 14, 2023
Finance, Consulting, Banking, Professional Services, Asset Management, Duke University, American Century Investments, ETF, Investment, Georgetown University Law Center, Liza, Research, Chief investment officer, TCW Group, Bank of America Home Loans, Guggenheim

The TCW Group, a global independent asset management firm, today announced that Peter Van Gelderen will join the Firm as Global Co-Head of the Securitized Group.

Key Points: 
  • The TCW Group, a global independent asset management firm, today announced that Peter Van Gelderen will join the Firm as Global Co-Head of the Securitized Group.
  • He joins Elizabeth (Liza) Crawford who has been Global Co-Head of Securitized since 2020.
  • Together, they will lead securitized product research and investment decisions to support the expansion of TCW’s fixed income assets and capabilities.
  • Mr. Van Gelderen brings nearly two decades of experience in structured and securitized products.

Hess Reports Estimated Results for the Second Quarter of 2023

Retrieved on: 
Wednesday, July 26, 2023
Professional Services, Utilities, Oil, Gas, Energy, Finance, Banking, Destiny, JDA, Interest, Class, COVID-19, Liza, Wells, NGL, GAAP, Hess Corporation, Hess, Barrel, Midstream, Public expenditure, Uaru, Corporation, Tubular Bells, E&P, BP Canada, Weather, FPSO Noble Seillean, Hydrocarbon, Video game, Natural gas, Petroleum, Gulf of Mexico

E&P net income was $155 million in the second quarter of 2023, compared with $723 million in the second quarter of 2022.

Key Points: 
  • E&P net income was $155 million in the second quarter of 2023, compared with $723 million in the second quarter of 2022.
  • After-tax expense for Corporate, Interest and Other was $98 million in the second quarter of 2023, compared with $121 million in the second quarter of 2022.
  • Midstream capital expenditures were $52 million in the second quarter of 2023 and $72 million in the prior-year quarter.
  • Net cash provided by operating activities was $974 million in the second quarter of 2023, compared with $1,509 million in the second quarter of 2022.

Hess Sanctions Uaru Development Offshore Guyana

Retrieved on: 
Friday, April 28, 2023
Commercial Building & Real Estate, Construction & Property, Professional Services, Other Natural Resources, Other Energy, Utilities, Natural Resources, Oil, Gas, Alternative Energy, Energy, Finance, FPSO, Federal Lands Jobs and Energy Security Act, Engineering, Liza, EPC, Hess Corporation, EDGAR, Hess, Government, Uaru, Climate change, Corporation, Annual report, MODEC, Natural gas, ExxonMobil, Security (finance), News, NYSE, Renewable energy, Whiptail

Hess Corporation (NYSE: HES) today announced it has made a final investment decision to proceed with Uaru, the fifth development on the Stabroek Block, after receiving government and regulatory approvals.

Key Points: 
  • Hess Corporation (NYSE: HES) today announced it has made a final investment decision to proceed with Uaru, the fifth development on the Stabroek Block, after receiving government and regulatory approvals.
  • Uaru will have a production capacity of approximately 250,000 gross barrels of oil per day with production targeted to startup in 2026.
  • “We are excited to sanction Uaru, our fifth oil development on the Stabroek Block,” CEO John Hess said.
  • Hess Guyana Exploration Ltd. holds 30 percent interest and CNOOC Petroleum Guyana Limited holds 25 percent interest.

Hess Reports Estimated Results for the Fourth Quarter of 2022

Retrieved on: 
Wednesday, January 25, 2023
Energy, Natural Resources, Other Natural Resources, Oil, Gas, Destiny, Public expenditure, Water, JDA, Hess Corporation, Hess, Corporation, Midstream, NGL, Carbon, Weather, Prosperity, GAAP, Fangtooth, Barrel, Liza, Sale, ONE, Interest, FPSO Noble Seillean, Uaru, Video game, Airline, Petroleum, Pharmaceutical industry, Gulf of Mexico, Yellowtail

E&P net income was $667 million in the fourth quarter of 2022, compared with $309 million in the fourth quarter of 2021.

Key Points: 
  • E&P net income was $667 million in the fourth quarter of 2022, compared with $309 million in the fourth quarter of 2021.
  • Net production, excluding Libya, was 376,000 boepd in the fourth quarter of 2022, compared with 295,000 boepd in the fourth quarter of 2021, primarily due to higher production in Guyana.
  • After-tax expense for Corporate, Interest and Other was $107 million in the fourth quarter of 2022, compared with $118 million in the fourth quarter of 2021.
  • Net cash provided by operating activities was $1,252 million in the fourth quarter of 2022, up from $899 million in the fourth quarter of 2021.

Hess Announces Two More Discoveries Offshore Guyana

Retrieved on: 
Wednesday, October 26, 2022
Commercial Building & Real Estate, Construction & Property, Professional Services, Other Natural Resources, Other Energy, Utilities, Natural Resources, Oil, Gas, Alternative Energy, Energy, Finance, News, U.S. Securities and Exchange Commission, Federal Lands Jobs and Energy Security Act, Development, SEC, Natural gas, NYSE, Annual report, Hydrocarbon, Liza, Security (finance), Corporation, Securities Act of 1933, ExxonMobil, Uaru, Hess, CEO, Prosperity, Water, Securities Exchange Act of 1934, Hess Corporation, Climate change, Forward-looking statement, EDGAR, COVID-19, Oil, Petroleum, Payara

Hess Corporation (NYSE: HES) today announced two new discoveries at the Yarrow-1 and Sailfin-1 wells on the Stabroek Block offshore Guyana.

Key Points: 
  • Hess Corporation (NYSE: HES) today announced two new discoveries at the Yarrow-1 and Sailfin-1 wells on the Stabroek Block offshore Guyana.
  • We are excited to announce two more discoveries on the Stabroek Block, bringing our total this year to nine, CEO John Hess said.
  • Hess Guyana Exploration Ltd. holds 30 percent interest and CNOOC Petroleum Guyana Limited holds 25 percent interest.
  • 1-1204, available from Hess Corporation, 1185 Avenue of the Americas, New York, New York 10036 c/o Corporate Secretary and on our website at www.hess.com .

Shawcor Receives Contract Award for Yellowtail Development Project in Guyana

Retrieved on: 
Wednesday, August 3, 2022
Shawcor, Water, Yellowtail, Infrastructure, Liza, Company, Automotive industry, SCL, Transport, GLOBE, TSX, Cognitive Constraints on Compositional Systems, Pipeline, Department of Infrastructure, Energy and Resources, Contract, Stabroek, Oil

TORONTO, Aug. 03, 2022 (GLOBE NEWSWIRE) -- Shawcor Ltd. (Shawcor or the Company) (TSX: SCL) today announced that its pipe coating division has been awarded a definitive contract by Saipem to provide thermal insulation and anticorrosion coatingservices for the Yellowtail development project, located in the Stabroek block offshore Guyana at a water depth of approximately 1,800 meters.

Key Points: 
  • TORONTO, Aug. 03, 2022 (GLOBE NEWSWIRE) -- Shawcor Ltd. (Shawcor or the Company) (TSX: SCL) today announced that its pipe coating division has been awarded a definitive contract by Saipem to provide thermal insulation and anticorrosion coatingservices for the Yellowtail development project, located in the Stabroek block offshore Guyana at a water depth of approximately 1,800 meters.
  • The value of the award is in the range of C$40-$50 million and coating is scheduled to commence in the first quarter of 2023 from Shawcors Veracruz, Mexico facilities.
  • Saipem previously awarded coating contracts to Shawcor for the first two phases of the Liza development projects and the Payara project in Guyana in 2017, 2018 and 2020 respectively.
  • The award of work for the Yellowtail project follows deployment of our solution on the Liza Phases 1&2 development projects and the more recent Payara development project in Guyana, said Kevin Reizer, Pipeline Performance Group President.

ExxonMobil Makes Two More Discoveries Offshore Guyana

Retrieved on: 
Tuesday, July 26, 2022
Chemicals, Plastics, Energy, Manufacturing, Oil, Gas, Destiny, Carbon, Water, SEC, Energy factor, Government, Risk, Solution, FPSO, ExxonMobil, ONE, Quality of life, Lubricant, Form 10-K, Stabroek, Annual report, Prosperity, Investor, Liza, Petroleum, Oil

ExxonMobil has made two new discoveries offshore Guyana to the southeast of the Liza and Payara developments in the Stabroek block.

Key Points: 
  • ExxonMobil has made two new discoveries offshore Guyana to the southeast of the Liza and Payara developments in the Stabroek block.
  • The discoveries at Seabob and Kiru-Kiru are the sixth and seventh in Guyana this year, with the total number of discoveries in Guyana at more than 25.
  • ExxonMobil and its partners continue to accelerate exploration, development and production activities for the benefit of all stakeholders, including the people of Guyana, said Liam Mallon, president of ExxonMobil Upstream Company.
  • The resources we are investing in and discovering offshore Guyana will provide safe, secure energy for global markets for decades to come.

Hess Announces Two More Discoveries Offshore Guyana

Retrieved on: 
Tuesday, July 26, 2022
Other Energy, Professional Services, Utilities, Oil, Gas, Other Natural Resources, Energy, Commercial Building & Real Estate, Natural Resources, Construction & Property, Maritime, Transport, Finance, Destiny, Corporation, Water, Hess, U.S. Securities and Exchange Commission, Forward-looking statement, NYSE, SEC, Securities Act of 1933, Payara, Securities Exchange Act of 1934, Climate change, FPSO, EDGAR, COVID-19, ExxonMobil, News, Security (finance), Annual report, Natural gas, Hess Corporation, Prosperity, Federal Lands Jobs and Energy Security Act, Liza, Oil, Petroleum

Hess Corporation (NYSE: HES) today announced two new discoveries at the Seabob-1 and Kiru-Kiru-1 wells on the Stabroek Block offshore Guyana.

Key Points: 
  • Hess Corporation (NYSE: HES) today announced two new discoveries at the Seabob-1 and Kiru-Kiru-1 wells on the Stabroek Block offshore Guyana.
  • We are excited to announce two more discoveries on the Stabroek Block, bringing our total this year to seven, CEO John Hess said.
  • Hess Guyana Exploration Ltd. holds 30 percent interest and CNOOC Petroleum Guyana Limited holds 25 percent interest.
  • 1-1204, available from Hess Corporation, 1185 Avenue of the Americas, New York, New York 10036 c/o Corporate Secretary and on our website at www.hess.com .

ExxonMobil Makes Three New Discoveries Offshore Guyana, Increases Stabroek Resource Estimate to Nearly 11 Billion Barrels

Retrieved on: 
Tuesday, April 26, 2022
Oil, Gas, Energy, Destiny, Carbon, Water, Annual report, FPSO, Government, Form 10-K, Energy factor, Risk, ExxonMobil, Solution, Liza, Lubricant, SEC, Prosperity, Quality of life, ONE, Investor, Petroleum, Oil, Payara, Block

ExxonMobil has made three new discoveries offshore Guyana and increased its estimate of the recoverable resource for the Stabroek Block to nearly 11 billion oil-equivalent barrels.

Key Points: 
  • ExxonMobil has made three new discoveries offshore Guyana and increased its estimate of the recoverable resource for the Stabroek Block to nearly 11 billion oil-equivalent barrels.
  • The three discoveries are southeast of the Liza and Payara developments and bring to five the discoveries made by ExxonMobil in Guyana in 2022.
  • Drilling at Patwa-1 encountered 108 feet (33 meters) of hydrocarbon-bearing sandstone and was conducted in 6,315 feet (1,925 meters) of water.
  • The Lukanani-1 well encountered 115 feet (35 meters) of hydrocarbon-bearing sandstone and was drilled in a water depth of 4,068 feet (1,240 meters).