Production

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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...
News

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...
News

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...
News

Guyana surpasses Trinidad in hydrocarbon production 

Kemol King -
Guyana now produces more hydrocarbons in the Caribbean region than veteran producer Trinidad and Tobago (TT).  Data from TT's Ministry of Energy and Energy Industries shows oil and condensate production of 50,246 barrels per day (b/d) in the first four...
News

Just nine years after first discovery Guyana has seven projects in play with three already producing

OilNOW -
Guyana will be producing oil for decades to come. A series of deepwater development projects being executed by U.S. oil major ExxonMobil is rapidly transforming the South American country, catapulting it from a non-producer less than five years ago,...
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Ali names 25-member cabinet; Vickram Bharrat back at oil ministry

President Irfaan Ali of Guyana unveiled 25 ministerial Cabinet appointees on Saturday evening, as the government embarks on its...

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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