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Exxon and the Liza legacy: A decade of oil development in Guyana

Shikema Dey -
Liza was the biggest, best prospect in a basin with zero discoveries. It kicked into gear the development of what is now known as one of the world’s prolific deepwater assets, the Stabroek Block. It is now 10 years...
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“Ten years is only the beginning” – ExxonMobil’s Hunter Farris reflects on Guyana’s rise as an energy superpower

OilNOW -
“Ten years is only the beginning.” That’s how Hunter Farris, Senior Vice President for Deepwater at ExxonMobil Upstream Company, summed up the extraordinary transformation of Guyana’s oil and gas industry, as the company marks the 10th anniversary of its...
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Staatsolie locks in 20% participation in GranMorgu with US$1.6B loan

OilNOW -
Staatsolie Maatschappij Suriname N.V. has secured a US$1.6 billion bank loan to finance its 20% participation in the GranMorgu development in Block 58. The loan agreement was finalized on Wednesday, May 14, with a consortium of 18 international, regional, and...
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SBM Offshore to deliver three FPSOs in 2025 amid strong market demand 

OilNOW -
SBM Offshore said it is on track to bring three major FPSOs online in 2025, with FPSO Almirante Tamandaré, FPSO Alexandre de Gusmão, and FPSO ONE GUYANA progressing steadily toward key milestones. Chief Executive Officer, Øivind Tangen, confirmed this in...
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Guyana Army Chief declines to link border skirmishes to Venezuela military

OilNOW -
Guyana’s army chief on Thursday declined to directly attribute a series of recent border skirmishes to the Venezuelan military, in the wake of reports that troops from the Guyana Defence Force (GDF) came under automatic fire three times this...
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Bulk carrier spills oil at Guyana’s Demerara River, regulator says

OilNOW -
A bulk carrier moored at a wharf along Guyana’s Demerara River spilled oil on Thursday, prompting an emergency response from authorities, the country’s maritime regulator said. The Palau-flagged AROYAT (IMO 9151395) was docked at the Demerara Sugar Terminal (DST) in Ruimveldt to...
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Guyanese soldiers repeatedly attacked by armed men on Venezuelan shore during river patrols on Wednesday

OilNOW -
The Guyana Defense Force (GDF) said on Thursday that its troops came under attack by armed men in civilian clothing on the Venezuelan side of the Cuyuni River, as tensions escalate ahead of Venezuela’s planned May 25 election in...
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China to receive direct crude oil shipment from Guyana; its first in three years 

OilNOW -
According to Quantum Commodity Intelligence, an independent price reporting agency, China is set to take delivery of a direct shipment of Guyanese crude oil, the first in three years. Data from commodity analytics firm Kpler showed a very large...
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Berbice emerging as a key development hub amid Guyana’s rapid growth

OilNOW -
Former Dutch colony along Guyana’s coastline, Berbice, is steadily emerging as the country's next hub for development, with increased investments, infrastructure upgrades, and growing interest from stakeholders.  Major projects have already been set in motion in the country’s ‘Ancient County’,...
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Touchstone sees drop in Q1 production and revenue amid operational challenges

OilNOW -
Touchstone Exploration Inc. has reported a decline in production and revenue for the first quarter of 2025. Touchstone said its average production fell to 4,317 barrels of oil equivalent per day (boe/d), down from 5,287 boe/d in the previous quarter....
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Modern Port Act, independent Port Authority on the cards for Guyana – President Ali 

Guyana is set to introduce a Modern Port Act aimed at transforming its maritime legal framework to meet international...

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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