Production

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Guyana, Suriname can meet 11% of mid-2030s LNG supply gap – WoodMac

OilNOW -
Energy data analytics provider Wood Mackenzie said Guyana and Suriname can supply up to 12 million metric tonnes per annum (MMTPA) of liquefied natural gas (LNG) by the next decade.  This output would account for approximately 11% of the anticipated...
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Guyana to jostle with OPEC, other players for more market share in 2025 – S&P

OilNOW -
Guyana is expected to compete with some of the world's largest crude oil suppliers, including from the Organization of Petroleum Exporting Countries (OPEC), for more market share next year as they all move to boost output. Benjamin Tang, head of...
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Libra Consortium announces first oil at third FPSO in Brazil pre-salt

OilNOW -
Shell Brasil Petróleo Ltda. (Shell Brasil), a subsidiary of Shell plc, announced on Thursday the start of production of the floating production storage and offloading facility (FPSO) Marechal Duque de Caxias in the Mero field, in the pre-salt area...
Guyana's Oil Ledger

ExxonMobil Guyana reached new monthly production high in September

Kemol King -
ExxonMobil is gradually increasing production offshore Guyana reaching an average of 660,000 barrels per day (b/d). Liza 1 and 2 averaged approximately 160,000 b/d and 251,000 b/d, while Payara averaged 249,000 b/d. These production levels resulted in output of nearly...
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Optimization efforts ‘perfectly within operating envelope of FPSOs’, says SBM Offshore

OilNOW -
Oil production offshore Guyana has soared from an initial 120,000 barrels per day (b/d) with the Liza 1 development to more than 600,000 b/d, as additional projects come online and equipment on the oil production vessels are optimized to...
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Fast-growing oil production off Guyana coast reshaping energy markets – U.S. State Dept. official 

OilNOW -
San Diego, California: Guyana’s growing crude oil output is quickly reshaping energy markets, and the United States is taking note. This is according to Laura Lochman, Principal Deputy Assistant Secretary, Bureau of Energy Resources, U.S. Department of State. Speaking...
Guyana's Oil Ledger

Guyana crude output rebounds, closing August at 663,000 b/d

Kemol King -
After a July of shutdowns at the Liza field, crude oil production has returned to more than 600,000 barrels per day (b/d) in August.  The shutdowns for the connection of a natural gas pipeline lasted July 2-15 for Liza 2,...
News

No Stabroek Block crude is used for offshore operations – ExxonMobil Guyana clarifies

OilNOW -
ExxonMobil Guyana Limited (EMGL) has put on record that no crude produced in the Stabroek Block is utilised for its operations there.  The Friday afternoon statement from Exxon sought to clarify a local media report that questioned how many barrels...
News

Leading OPEC+ members agree to postpone proposed increase in oil production

OilNOW -
The OPEC+ countries, which previously announced additional voluntary cuts in April and November 2023, including Saudi Arabia, Russia, Iraq, the United Arab Emirates, Kuwait, Kazakhstan, Algeria, and Oman, held a virtual meeting on September 5, during which the eight...
Guyana's Oil Ledger

Shutdowns for pipeline hook-up cut Guyana crude output to 427,000 b/d in July

Kemol King -
Crude oil production at the ExxonMobil-operated Stabroek Block decreased significantly in July due to temporary shutdowns at the Liza field. Government data shows output at 427,000 barrels per day (b/d) in July, down 34% from 644,000 b/d in June. Monthly...
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Guyana could issue two licences this year: one for oil and one for gas

The Guyana government has set a target in its 2025 plan to issue two petroleum licenses. According to Vickram...

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