Production

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United States, Guyana, Canada and Brazil accounting for three-quarters of non-OPEC+ supply gains

OilNOW -
The International Energy Agency (IEA) says despite the marked slowdown in Chinese oil demand growth, OPEC+ has yet to call time on its plan to gradually unwind voluntary production cuts starting in the fourth quarter of this year. However,...
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Impact studies allow for up to 708,000 b/d from current Guyana projects

OilNOW -
ExxonMobil’s oil production operations offshore Guyana could achieve up to 708,000 barrels per day (b/d) without breaching limits used to assess their environmental impacts.   The limits are captured in Environmental Impact Assessments (EIA) which formed part of the review processes for the...
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FPSOs operating within approved production rates – Guyana oil minister

OilNOW -
Guyana's Minister of Natural Resources, Vickram Bharrat, has refuted claims by Opposition Parliamentarian David Patterson regarding the operating limits of the country's oil-producing vessels. Patterson had alleged that the Liza Destiny, Liza Unity, and Prosperity floating production storage and...
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Bringing Hammerhead gas to shore among considerations for Exxon

OilNOW -
ExxonMobil is considering multiple alternative options for the associated gas from the proposed Hammerhead oil development.  Hammerhead, which is currently being reviewed for regulatory approval, would be the seventh Stabroek Block project. For the prior six developments, the associated gas...
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Exxon’s Uaru and Whiptail projects could each target up to 275,000 b/d 

OilNOW -
ExxonMobil’s Uaru and Whiptail projects are each targeting an initial production range of 220,000-275,000 barrels per day (b/d), according to a document distributed at the company’s recent public meeting in Georgetown.  Uaru and Whiptail are the fifth and sixth oil...
Guyana's Oil Ledger

Payara soars, boosting Guyana’s oil production outlook 

Kemol King -
Oil production at ExxonMobil’s Payara development has been optimized in record time, delivering oil output in excess of 250,000 barrels per day (b/d) in its eighth month of production. Payara, which achieved first oil in November 2023, first reached its...
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Future oil growth likely centered in Guyana-Suriname, GlobalData finds

OilNOW -
The oil and gas industry has long underpinned the global economy, with demand growing steadily except during the COVID-19 pandemic. New discoveries and massive oilfield reserves sustain global production, essential for meeting this demand. In May 2024, GlobalData conducted...
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Guyana’s May oil output hits new monthly record 

Kemol King -
Oil production at ExxonMobil’s Guyana projects hit a combined 19.6 million barrels in May, the highest monthly volume yet, government data shows. In May, the Liza 1 project averaged 154,000 barrels per day (b/d), totaling 4.78 million barrels. This project...
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SBM Offshore’s Fast4Ward hull reserved by TotalEnergies for Suriname’s first oil development

OilNOW -
TotalEnergies has reserved SBM Offshore's Fast4Ward® hull for its first development offshore Suriname. SBM Offshore made the announcement on Thursday. "SBM Offshore is pleased to announce that, in partnership with Technip Energies, and in line with the Front End Engineering and...
News

Trinidad hopeful existing gas infrastructure gives it edge over rising stars Guyana and Suriname

Kemol King -
Trinidad and Tobago's Minister of Energy and Energy Industries, Stuart Young, said the country is advantaged in terms of its ability to attract investment in gas exploration and development, due to its established gas infrastructure. During an early May...
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Suriname’s National Debt Chief resigns amid enhanced financial scrutiny of NDP government 

PARAMARIBO, SURINAME - Malty Dwarkasing has resigned as Suriname’s Administrator-General of the National Debt Office. Dwarkasing submitted her resignation...

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