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Hess says Guyana production could hit 1.5 million bpd before 2030

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With every new discovery off the coast of Guyana, analysts have been ramping up their projections for output, making it clear that the new oil producing nation is on course to become one of Latin America’s top producers, potentially...
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Guyana’s President urges unity in face of Venezuela aggression, threat to oil resources

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Guyana’s President, Dr. Iraan Ali, said on Thursday that the threat to the country’s territorial integrity and the protection of its oil and gas resources will require a united approach by all Guyanese, who must defend the country’s entitlements...
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Eight Suezmaxes booked out of Guyana so far this year as output set to balloon – Platts

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(S&P Global Platts) A partial easing of US sanctions on Venezuela on humanitarian grounds could pump Caribbean-loading cargoes into the Aframax and Suezmax markets, reviving the traditional local and long-haul Caribbean-loading routes. Uncertainty on the Biden administration's approach to...
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Greater Guyana Initiative fully funded by Stabroek Block co-venturers – ExxonMobil

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ExxonMobil and co-venturers on the Stabroek Block, Hess and CNOOC, have affirmed that their commitment to Guyana extends beyond the oil and gas sector. The companies are investing billions of Guyana dollars in capacity-building and the economic development of...
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Suction piles, mooring lines installed for hook-up to Liza Unity FPSO, Prosperity on schedule – SBM Offshore

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The Normand Installer Multi-Purpose Offshore Vessel has completed the installation of suction piles and mooring lines at the Stabroek Block offshore Guyana, in preparation for the arrival and hook-up of the massive 220,000 bpd Liza Unity FPSO, which is...
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TVET Chairman reports major progress from collaboration with ExxonMobil

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As the Council for Technical and Vocational Education and Training (C-TVET) continues the pursuit of improved skills training and development, ExxonMobil Guyana has been playing a leading role in supporting its goals which head of the proramme, Clinton Williams,...
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CGX looking to spud Kawa-1 well later this year, forging ahead with deep water port

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CGX Resources Inc. (CRI), operator of the Corentyne and Demerara blocks offshore Guyana, said on Tuesday it continues to pursue its exploration program in the South American country and will look to spud the Kawa-1 exploration well on the...
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Guyana exported its first oil cargo for 2021 last week: over US$206M now in account

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Government may reopen bids for marketing company The Guyana government lifted its first oil cargo for 2021 last week, bringing the total number of shipments made by the country to five, which represents its share of crude from the...
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Guyana President will host local content consultation next Monday

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With the release of the draft local content policy expected this week, Guyanese would be able to peruse the document and share their views for the final policy during a consultation process that would be led by President, Dr....
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Capacity being built to monitor and verify reports on Exxon’s costs, emissions – Vice President

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Guyana's Vice President, Dr. Bharrat Jagdeo reiterated yesterday that the government has every intention of ensuring the oil sector is not only led by locals but properly monitored as he noted that capacity building is underway to achieve same....
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Survey says Exxon is ‘Most Admired Explorer’ propelled by mega wins in Guyana

ExxonMobil has been named the most-admired upstream explorer in the world, according to Wood Mackenzie’s 2025 Exploration Survey, a...

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