Production

Project to develop up to 76 wells will push Guyana’s output above 1 million bpd milestone

ExxonMobil Guyana is seeking Environmental Authorisation for a proposed fifth deep water petroleum development project in the eastern portion of the Stabroek Block offshore the South American country, in the Uaru, Mako and Snoek Fields. The project, which will consist...

bpTT hits first gas at Cassia C Project

BP Trinidad and Tobago LLC (bpTT) has confirmed that its Cassia C development has safely delivered first gas. The project is expected to produce, at peak, about 200-300 million standard cubic feet a day of gas. Production will go towards...

Guyana delivering over 10 million barrels of oil per month to world market racked by shortages

The radical re-organisation of energy markets continues to pose a challenging task, nine months after Russia first invaded Ukraine. At a time when these markets are wallowing in thirst for crude barrels from friendly producers, Guyana’s quickly growing global...

Guyana oil production hits highest recorded output in September

Guyana’s oil production hit a massive 391.98 thousand barrels of oil per day on September 23 this year, making it the highest output ever recorded since production began in 2019 at the ExxonMobil-operated Stabroek Block. This has been made possible...

Hess’ net Stabroek Block output jumps 66,000 bpd; 8 million barrels sold in third quarter

Hess Corporation, which holds a 30% stake in the Stabroek Block, reported on Wednesday that its net production in the offshore concession increased by 66,000 barrels of oil per day (bpd). In its operational update on Guyana, the company said...

Exxon produced 10.989 million barrels of oil offshore Guyana in September

ExxonMobil’s Guyana projects, Liza Phases 1 and 2, produced 10.989 million barrels of crude for the month of September 2022. This averaged approximately 366,310 barrels of crude per day (bpd). In comparison, the total August production was 11.309 million barrels...

Equinor starts up Peregrino Phase 2 project offshore Brazil

Equinor said first oil was produced at the Peregrino Phase 2 project on October 10 at 20:00 local time, using the Peregrino C platform. The project consists of the new platform with drilling facilities and living quarters tied into the...

Touchstone starts up production at first onshore gas project in T&T in over 20 years

Touchstone Exploration Inc. announced on Tuesday that the Coho facility has safely delivered first natural gas, representing the first onshore natural gas project to come onstream in Trinidad and Tobago in over twenty years. The Coho area is located...

Guyana must strive to produce cleanest oil barrels – Iman Hill

While she agrees that Guyana must fast-track the development of its oil resources, Iman Hill, Chief Executive Officer (CEO) of the International Association of Oil and Gas Producers (IOGP), is urging authorities to put systems in place to ensure the "cleanest barrels"...

Rising flows from Guyana’s oil fields continue to shore up UK shortfall

Russian seaborne crude exports have fallen to a 12-month low as a ban by the European Union along with price caps remain on the horizon. The shortfall in supply across Europe is being shored up by alternative sources of...

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Maduro takes oath for third term amid Opposition-led protests 

With his wife standing faithfully at his side, Nicolás Maduro took the oath of office for his third term...