Production

ExxonMobil’s Liza field offshore Guyana produced more than 45 million barrels of crude in the first four months of 2023. This represents a 163% increase over the 17 million barrels produced in the same period last year.  Data from Guyana’s...

In a world grappling with the urgent need to combat climate change, the western environmental lobby stands accused of putting some nations between a rock and a hard place. A divide seems to be emerging between anti-oil activists and...

Brazil’s Petrobras is ramping up production in its Campos Basin with the start-up of the Anna Nery vessel. Paired with the Anita Garibaldi floating production, storage, and offloading (FPSO) unit, the vessels are an integral part of Brazil’s major revitalisation...

Mitsui Ocean Development & Engineering Company Inc. (MODEC) said on Monday it will proceed with engineering, procurement, construction and installation (EPCI) of the Uaru Floating Production, Storage, and Offloading (FPSO) vessel following a final investment decision on the project by ExxonMobil Guyana...

ExxonMobil Guyana has agreed to conduct a suite of studies to ensure the operational efficiencies and integrity of its Stabroek Block projects are preserved for decades to come.According to the Petroleum Production Licence for the Uaru Development Project, Exxon’s...

ExxonMobil produced 34.05 million barrels of crude in the first quarter of 2023 from the Liza projects offshore Guyana, at 378,340 barrels per day (bpd). Output peaked at 408,860 bpd.  Liza Phase 1 produced 13.598 million barrels at 151,090 bpd....

Shell U.K. Ltd., a subsidiary of Shell plc, has completed the restart of operations at the Pierce field in the UK Central North Sea, following a significant upgrade to allow gas to be produced after years of the field...

The rapid development of oil and gas resources is not only high on Guyana’s agenda but that of some of the world’s most powerful nations. In fact, Guyana ranks sixth on a list of 30 big oil-producing countries pursuing new...

Guyana’s third oil production vessel - Prosperity, has arrived in the country's waters.  Operator ExxonMobil in a Tuesday morning release said the Prosperity will kickstart production from its Payara field in the Stabroek Block later this year.  "The arrival of the...

Energy market research and intelligence company Westwood Energy says exploration for hydrocarbons remains a high-risk business with only one in every three high impact exploration wells drilled between 2017 and the end 2022 resulting in a potential commercial discovery. “The...