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Guyana’s Stabroek Block produced 11.5 million barrels of crude in January 2023

Kemol King -
ExxonMobil produced 11.5 million barrels of crude oil from the Stabroek Block’s Liza projects in January, marking a strong open to 2023. Production averaged 372,000 barrels per day (bpd), according to data from Guyana’s Petroleum Management Programme. The Liza Phase...
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Major IOCs throw in bids for Guyana offshore blocks

Shikema Dey -
Guyana’s first licensing round is causing quite a stir with high interest already expressed in the 14 blocks up for grabs. So much so that the government is mulling an extension of the April deadline for submissions to allow...
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Guyana President vows to hold those accountable for country’s suspension from EITI

Kemol King -
Following Guyana's suspension from the Extractive Industries Transparency Initiative (EITI), President Dr. Mohamed Irfaan Ali stated publicly that his government will expose the persons responsible for the delay in the preparation of the country's fourth EITI report for the...
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Guyana’s new model PSA to be finalised soon, will be made public – Bharrat

Shikema Dey -
The first draft of Guyana’s new model Production Sharing Agreement (PSA) is expected to be finalised in the coming week, said Minister of Natural Resources, Vickram Bharrat. The government had touted a February date for its release but that is...
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Saipem seeking apartments for personnel in Guyana

OilNOW -
Saipem is in search of accommodation services in Guyana, on the West Bank of Demerara. The company is looking to place its personnel in apartments. The apartments should be in the vicinity of the Vreed-en-hoop Shore Base (VEHSI) currently under...
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Petronas puts up 10 blocks for auction in new Malaysia bid round

OilNOW -
Ten blocks and two clusters of discovered resource opportunities (DRO) are up for grabs as Malaysia joins the list of countries looking to maximise offshore oil development. The Malaysia Bid Round 2023 (MRB 2023) is themed “Winning the Energy with...
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Guyana intent on having its own refinery

Shikema Dey -
Guyana is intent on having its own refining capacity, said Minister of Natural Resources, Vickram Bharrat. He pointed out that this makes more “economic sense”, instead of using facilities in neighbouring Trinidad and Tobago. Prime Minister, Keith Rowley had offered...
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Maxar’s Crow’s Nest to boost Guyana’s monitoring of offshore operations

Shikema Dey -
Guyana’s Environmental Protection Agency (EPA) has teamed up with Maxar Technologies for the provision of environmental monitoring services for both offshore and terrestrial applications. Executive Director, Kemraj Parsram said it falls under the Agency’s updated mandate to modernise its operations...
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Guyana gov’t banking on earnings from sale of NGLs to repay Exxon for Gas-to-Energy project

Kemol King -
Guyana will owe ExxonMobil and its co-venturers US$1 billion for the cost of the pipeline and associated infrastructure that it has been charged with developing for the Gas-to-Energy project. And according to Vice President Dr. Bharrat Jagdeo, this project...
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Guyana FPSOs more reliable than anything we have in upstream portfolio – Exxon official

Shikema Dey -
The reliability of the floating production, storage and offloading vessels (FPSOs) in the ExxonMobil-operated Stabroek Block, remains unmatched. So said its Upstream President Liam Mallon during an interview with OilNOW. “…these facilities are running as reliable or more reliable than...
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UPDATED: A guide to Guyana’s Gas-to-Energy project

Editor's note: This article was updated on November 25, 2025. It was first published on December 29, 2024. The...

OilNOW is a Resource Center founded and owned by Guyanese. OilNOW is an apolitical, non-partisan, privately owned agency that strives to ensure the highest degree of accuracy and balance.

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