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Reduced geopolitical risk may ease exploration near Guyana–Venezuela border in Stabroek Block

Shikema Dey -
Exploration activity in Guyana’s Stabroek Block, particularly in areas closer to the maritime boundary with Venezuela, now faces a different geopolitical context following the removal of Venezuelan President Nicolás Maduro. The shift comes against the backdrop of Guyana’s long-standing border...
News

How ExxonMobil’s Stabroek Block oil contract works

Kemol King -
What is the Stabroek Block Production Sharing Agreement? The Stabroek Block Production Sharing Agreement (PSA) is the contract that governs all current offshore oil production in Guyana. It sets out the terms under which oil is explored, produced, and shared...
News

Stabroek Block partner discovers ‘hundred-million-tonne-class’ oilfield in China’s Bohai Sea

OilNOW -
China National Offshore Oil Corporation (CNOOC) announced Wednesday that it has made a major oilfield discovery at the Qinhuangdao 29-6 asset in the shallow Neogene formations of the Bohai Sea. This marks the seventh consecutive discovery of a hundred-million-tonne-class oilfield...
News

EPA aims for real time oversight of every well drilled in the Stabroek Block

OilNOW -
Guyana’s Environmental Protection Agency (EPA) is preparing to introduce live surveillance of offshore drilling, a step the agency believes will transform how it monitors high-risk petroleum activities.  The update came during the latest edition of Starting Point, The Oil and...
News

Stabroek Block reaches 51 discoveries as Liza’s breakthrough continues to shape Guyana’s oil future

OilNOW -
Guyana’s Stabroek Block now has 51 discoveries filed with the Ministry of Natural Resources. ExxonMobil confirmed the figure in a release on Sunday, stating, “We have announced more than 30 significant discoveries in the Stabroek Block, while filing 51...
News

Chevron to help test deeper reservoirs and unlock more barrels in Guyana Stabroek Block – Vice Chair Nelson

OilNOW -
Chevron expects that Guyana’s prolific Stabroek Block could hold more than its current estimate of 11 billion barrels of oil equivalent and plans to work with operator ExxonMobil to test deeper reservoirs, Vice Chairman, Mark Nelson said. This is...
News

Stabroek Block co-venturers’ US$100M prog. pushing sustainable development in Guyana hotspot

OilNOW -
The Greater Guyana Initiative (GGI) held its second annual Stakeholder Forum at the Guyana Marriott Hotel on October 31. The event brought together beneficiaries from all of Guyana's 10 Administrative Regions for a day of reflection, dialogue, and collaboration...
News

Noble’s four drillships set records in Guyana, completing over 200 wells in Stabroek Block

OilNOW -
Noble Corporation says its Guyana operations continue to set new records, with over 200 wells now constructed in the Stabroek Block. President and Chief Executive Officer Robert Eifler made the announcement during the company’s third quarter earnings call on October...
News

Exxon’s Longtail to feature largest gas handling facility in Stabroek Block, targets 250,000 b/d of condensate

OilNOW -
ExxonMobil Guyana Limited President Alistair Routledge said Longtail is on a clear 2026 decision track, speaking at an October 13 press briefing at the company’s new Ogle headquarters. He said the Environmental Impact Assessment is underway following early consultations.  Routledge...
News

ExxonMobil expands survey work in Guyana’s Stabroek Block

OilNOW -
ExxonMobil Guyana Limited (EMGL) is pressing ahead with environmental and geophysical survey activities in the Stabroek Block as part of its long-term development plans. According to the Maritime Administration Department, EMGL’s Environmental Sampling Survey will continue until December 31, 2025....
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Guyanese nationals now make up more than 65% of crew on long-serving drillships

More than 65% of the crew aboard drillships Stena Carron and Stena DrillMAX are now Guyanese nationals, reflecting years...

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