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Exxon produced 10.78 million crude barrels offshore Guyana in November

Kemol King -
ExxonMobil Guyana produced 10.78 million barrels of crude in November 2022, according to public data from the government’s Petroleum Management Programme. Total production averaged 359,490 barrels per day (bpd). This comprised output from the Liza Phases One and Two projects...
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Project to develop up to 76 wells will push Guyana’s output above 1 million bpd milestone

OilNOW -
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...
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Italian company clinches US$1.2 billion in contracts for Guyana, Egypt projects

OilNOW -
Italian multinational oilfield services company Saipem has been awarded new contracts in Guyana and Egypt for a total amount of approximately 1.2 billion USD. The first contract has been awarded by ExxonMobil Guyana, subject to government approvals, for the Uaru oil...
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Exxon makes first oil discovery in Angola Block 15 in 20 years

OilNOW -
Guyana isn’t the only country where ExxonMobil is accumulating discoveries. The company has made its 18th discovery of oil in Angola Block 15, and its first in 20 years, with the recent announcement of an oil find at the...
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Strong oil prices push CNOOC’s third quarter earnings to US$5.1 billion

OilNOW -
CNOOC Limited, a 25% stakeholder in the Stabroek Block, recorded a massive US$5.1 billion (36.9 billion yuan) in earnings for the third quarter of 2022. This represents an 89% increase in a year driven by strong oil and gas...
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Exxon joins Guyana court case in defense of its Liza Phase 1 permit

OilNOW -
ExxonMobil affiliate, Esso Exploration and Production Guyana Limited (EEPGL), has been granted a court order to join proceedings in a suit brought to the Guyana Supreme Court that challenges the validity of its Liza Phase 1 environmental permit. Danuta Radzik, a local activist and...
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Abu Dhabi, Norway, T&T NOCs among 14 vying to market Guyana crude

OilNOW -
As the Guyana government looks to market its share of crude from the Liza 1 and 2 developments in the Stabroek Block, 14 companies have tendered bids to secure this crude marketing project. The successful company will be taking over from Aramco...
News

Guyana will produce over 93 million barrels of oil this year as growth in sector surpasses 100% – IMF

Shikema Dey -
Guyana’s oil sector has been on an upward trajectory since production began in 2019 from ExxonMobil’s Liza Phase 1 development. And now, the International Monetary Fund (IMF) sees the country’s oil sector gross domestic product (GPD) growing over 100%...
News

Demand for shore base capacity in Guyana to skyrocket with 10 FPSOs in play

OilNOW -
The demand for shore base support services is set to grow tenfold as Stabroek Block operator ExxonMobil eyes at least 10 floating oil platforms offshore Guyana around the end of the decade. Exxon is forging ahead with its exploration and...
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Over 100 miles offshore, Exxon is prepping for Guyana’s 3rd oil project

OilNOW -
Development operations are in high gear at the Payara field, located just over 103 nautical miles offshore Guyana, South America’s up and coming second biggest producer. This marks ExxonMobil’s third project at the massive Stabroek Block where nearly 11...
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SBM sponsors international trips, science equipment for winners of Guyana mousetrap competition

SBM Offshore Guyana’s 2025 Guyana-Monaco Mousetrap Car Grand Prix Competition wrapped up with an impressive display of creativity, problem-solving...

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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