Hess has successfully acquired a construction permit for its sixth project within the Stabroek block – Whiptail offshore Guyana. With the backing of local authorities, Hess anticipates a capacity increase of 250 thousand barrels per day by 2027.

Interestingly, news surfaced in April regarding ExxonMobil’s interest in investing $12.7 billion in Whiptail. Notably, Exxon operates the Stabroek block and holds a 45% stake, while Hess holds 30%.

In March, the oil and gas sector was abuzz with discussions surrounding a significant scandal involving ExxonMobil, CNOOC, and Chevron. This involved a lawsuit where ExxonMobil and CNOOC contested Chevron’s unilateral decision to purchase Hess and join the Stabroek block project without prior consultation with other stakeholders.