Production

Guyana's Oil Ledger

Guyana’s oil production averaged 620,000 bpd in January

Kemol King -
Crude oil production offshore Guyana averaged 620,000 barrels per day (b/d) in January, the lowest it’s been since August 2024. The total volume produced was 19.2 million barrels. Tankers lifted 20 cargoes of approximately a million barrels each in January,...
Guyana's Oil Ledger

Guyana oil production averaged 656,000 b/d in December

Kemol King -
ExxonMobil Guyana produced 20.3 million barrels of crude in December 2024 at an average rate of approximately 656,000 barrels per day (b/d). Production was nearly 156,000 b/d at Liza 1, 251,000 b/d at Liza 2, and 250,000 b/d at Payara.  December...
News

Six FPSOs targeting over five billion barrels of oil at Stabroek Block – Hess

OilNOW -
Hess Corporation has revealed that nearly half of the Stabroek Block’s massive 11.6-billion-barrel reserve will be tapped with six production vessels.  “With the six ships that we have already sanctioned, we're going to be developing over five billion barrels of...
Guyana's Oil Ledger

Stabroek Block’s 2024 production exceeded 200 million barrels in November

Kemol King -
ExxonMobil Guyana sustained stable production at its Stabroek Block projects in November 2024, accumulating 205 million barrels since the year began, at an average rate of 612,000 barrels per day (b/d). The barrels are shared between Exxon, Hess, CNOOC...
News

Approx. US$2 billion spent to procure goods, services from local suppliers as Exxon marks five years of oil production in Guyana

OilNOW -
With December 19, 2024, marking five years of oil production in Guyana, ExxonMobil said its deepwater projects are the “most successful” in the world. The company is hailing its first five years as a significant achievement underscoring the potential...
News

Exxon targeting 1.7 million barrels per day in Guyana by 2030 

Shikema Dey -
ExxonMobil has announced plans to expand its operations in Guyana, projecting production capacity to reach 1.7 million barrels of oil per day by 2030. This is part of the company’s broader Corporate Plan to 2030, which aims to deliver...
Guyana's Oil Ledger

Guyana oil production averaged 608,000 b/d in first 10 months of 2024

Kemol King -
Crude oil production at the ExxonMobil-operated Stabroek Block averaged 608,000 barrels per day (b/d) in the first 10 months of 2024. Combined output from the three projects—Liza 1, Liza 2 and Payara—have shown they can sustain 660,000 b/d. However,...
News

U.S.  producing more oil now than at anytime in history

OilNOW -
The U.S. holds firm on its position as the world’s top producer of oil.  New data from the U.S. Energy Information Administration (EIA) Petroleum Supply Monthly shows that the country produced 13.4 million barrels of oil per day (MMb/d) in...
News

Guyana oil production hits half-billion-barrel mark

OilNOW -
ExxonMobil Guyana announced on November 13, a milestone of 500 million barrels of accumulated crude oil production. The output was derived from three Stabroek Block projects—Liza 1, Liza 2, and Payara—in less than five years. Exxon said the three...
News

Guyana poised to add close to one million barrels per day as FPSO sector takes off globally

OilNOW -
A total of 56 FPSO projects, between 2022 and 2027, are expected to commence their operations worldwide. Brazil leads the list with 22 followed by Guyana, with three already in production and three more under construction. Norway-based energy research and...
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Latest News

Energy InsightsChevy Devonish -

The Laws underpinning Guyana’s Maritime Zones: Why Venezuela’s actions violate international and Guyana’s national laws 

On March 1, 2025, a Venezuelan navy vessel entered Guyana’s exclusive economic zone (EEZ). It approached several assets, including...

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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