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Guyana’s next production milestone: 1.1 million barrels with Uaru development

OilNOW -
Guyana is preparing for another major expansion of oil output, with the Uaru project set to start production in 2026. The development, located in the Stabroek Block, is the fifth project approved offshore the country.  It is expected to move...
News

Liza 1 production trending back to nameplate levels

Kemol King -
ExxonMobil’s Liza 1 development offshore Guyana is trending back toward its original nameplate capacity of 120,000 barrels of oil per day (b/d), as output gradually declines from the peak rates achieved after two optimization campaigns, according to production data...
News

Guyana government sets firm January 2026 deadlines for local content approvals

OilNOW -
The Ministry of Natural Resources has announced a new fixed timeline for reviewing and approving local content certification applications. The update, released through the Local Content Secretariat today, takes effect in January 2026. The move forms part of President Irfaan...
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

India buying Guyana oil displaced by oversupply in Europe

OilNOW -
India is buying up some of Guyana's crude displaced by oversupply in Europe, according to analysts on an S&P Global Commodity Insights oil markets podcast published October 30. Europe, usually the largest buyer of Guyanese crude, has become saturated with...
News

65 offshore wells drilling in Suriname as exploration drive expands

OilNOW -
Suriname has recorded 65 offshore wells drilled as of November 2025, according to new data published in Staatsolie’s GeoAtlas of Suriname. The report notes that these wells “included mainly exploration wells and a few appraisal wells”, demonstrating the country’s...
Exploration

Suriname puts 60% of offshore basin on offer in new Staatsolie open-door programme

Shikema Dey -
Staatsolie launched its new Open-Door Offering this morning, creating new opportunities for exploration and production companies to enter the Suriname-Guyana Basin. The initiative was formally announced by Managing Director Annand Jagesar, who stated, “This initiative opens new opportunities for...
Stories Beyond the Barrel

Kareshma Narine, the Guyanese who helped chart the early days of offshore drilling

Shikema Dey -
Kareshma Narine was one of the first Guyanese to take up a position aboard the Noble Bob Douglas drill ship. Her story was featured in a 2022 episode of ExxonMobil’s Offshore Diaries, offering a glimpse into the early years...
News

Exxon affirms full transparency in disclosures of Guyana oil and gas finds

OilNOW -
ExxonMobil Guyana Limited (EMGL) on Sunday rejected suggestions that it is concealing oil discoveries made in the offshore Stabroek Block, saying it has complied with all legal reporting requirements. The statement follows a story in local publication - Kaieteur News,...
News

Twenty-six TVET instructors earn NEBOSH certification through Greater Guyana Initiative

OilNOW -
The Greater Guyana Initiative (GGI) marked a major step in building national safety capacity with the graduation of 26 participants from the NEBOSH International General Certificate programme. The ceremony was held at the Guyana Marriott Hotel on November 21. According...
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Guyana’s next production milestone: 1.1 million barrels with Uaru development

Guyana is preparing for another major expansion of oil output, with the Uaru project set to start production in...

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