Free Trial
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
OIL
Chevron acquired US producer Hess in a move to secure US onshore, Gulf of Mexico and Guyana assets that could lift Guyana’s oil production to 1.2mbpd by 2027, from 400kbpd currently according to Kpler.
- Chevron referred to Guyana’s Stabroek block as an “extraordinary asset with industry leading cash margins and low carbon intensity that is expected to deliver production growth into the next decade”.
- With the deal, Chevron said it plans 10-12 new wells in Guyana in 2024.
- Guyana has gone from zero oil output in 2019 to an expected 500kbpd in early 2024, with now Chevron and Exxon leading development in the region.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok