Guyana

Hess Announces Oil Discovery at Redtail, Offshore Guyana

Hess Corporation (NYSE: HES) today announced another oil discovery offshore Guyana at the Redtail-1 well, the 18th discovery on the Stabroek Block, which will add to the previously announced gross discovered recoverable resource estimate…

Disappointing exploration

Only 12 Bboe of conventional oil and gas were discovered globally last year, according to Rystad Energy. This is about the same as in 2018 and 2017, but far less…