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Exxon hits 900,000 barrels of oil per day in Guyana as Yellowtail reaches full capacity

OilNOW -
ExxonMobil Guyana announced on Wednesday that the country’s daily oil production has reached a new milestone of 900,000 barrels per day, following the ramp-up of the Yellowtail project to full capacity. Yellowtail, Guyana’s fourth offshore development, has achieved its designed...
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TotalEnergies ready to spend ‘tens of millions’ for seismic, geophysical surveys in Guyana’s S4 Block – Exploration VP 

Shikema Dey -
With the Petroleum License signed, TotalEnergies is gearing up to expend “tens of millions” in seismic and geophysical surveys in Guyana’s shallow water S4 Block.  The company’s Vice President for Exploration (Americas), Daniel Larranaga, confirmed that the investment for data...
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Guyana plans two more offshore block awards before year-end

Kemol King -
Guyana plans to sign deals to issue two more offshore blocks to explorers before the end of the year, Natural Resources Minister Vickram Bharrat said on Tuesday, following the issuance of a shallow water block to a TotalEnergies-led group. The...
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Suriname President calls for fair forest compensation, links oil revenues to green growth at Brazil Climate Summit

Işıl Güneş -
PARAMARIBO, SURINAME – President Jennifer Geerlings-Simons of Suriname delivered a firm appeal at the Belém Climate Summit in Brazil for equitable climate financing, highlighting that forest nations must be compensated for preserving ecosystems that serve the planet. The Belém Climate...
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GCCI’s Business Development Forum to equip MSMEs for 2026 growth opportunities in Guyana and around the world

OilNOW -
As Guyana continues on a trajectory of rapid economic expansion, the Georgetown Chamber of Commerce and Industry (GCCI) is positioning micro, small, and medium-sized enterprises (MSMEs) to take full advantage of the current and emerging opportunities. The Chamber will host...
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Guyana inks new deal with some of the world’s largest oil companies, secures US$15M signing bonus

Shikema Dey -
A consortium of Petronas, QatarEnergy and TotalEnergies signed its Petroleum Exploration License for the S4 shallow block in Guyana’s offshore waters, a historic feat after the country’s maiden auction launched in 2022. The signing ceremony was held this morning...
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Guyana’s offshore growth among drivers of US$197 billion regional oilfield spending – Rystad Energy

OilNOW -
South America will sustain strong final investment decision (FID) momentum through 2030, leading to a cumulative US$197 billion in conventional greenfield spending across oilfields between 2020 and 2030.  The projection comes from a new report by Norway-based Rystad Energy, which...
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Guyana urged to ‘start training now’ for petrochemical and construction sectors

OilNOW -
The Guyana Technical Training College Inc. (GTTCI) is preparing to expand its focus beyond offshore oil and gas to meet the skills needed for the country’s emerging petrochemical, refinery, and construction industries, according to its Director, Professor Clement Sankat. “I...
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Training surge marks new chapter for Suriname’s oil & gas workforce

OilNOW -
Suriname's National oil company, Staatsolie Maatschappij Suriname N.V., (Staatsolie) ramped up investment in workforce development in 2024 as the country prepares for its first major offshore oil development.  The company’s latest sustainability report, published in early October, details a flagship...
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ExxonMobil could unlock $20 billion in Trinidad’s deepwater play – Rystad Energy

OilNOW -
ExxonMobil’s latest offshore campaign in Trinidad and Tobago could yield over US$20 billion in new investment opportunities, according to an analysis published by Rystad Energy on November 6.  The firm said the U.S. oil major is targeting one of the...
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Payara still leads ExxonMobil’s record-breaking ramp-up offshore Guyana

ExxonMobil’s Payara project continues to hold the record for the fastest production ramp-up among all oil developments in Guyana’s...

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