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Guyana just months away from adding to South America’s O&G supply

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Guyana will begin producing oil within months at a modest peak rate of 120,000 barrels per day but with a rapid acceleration that will see production ballooning to almost 1 million bpd by the mid-2020s, adding to the South...
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Morgan Stanley pegs Guyana oil reserves at 6 billion barrels

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Guyana’s gross recoverable oil resource could stand at 6 billion barrels with potential for significant upside above this level according to US multinational investment bank, Morgan Stanley. In a recent research paper, the bank said its estimate is modestly above...
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Japanese O&G Master Plan plugs refining capacity, LNG plant for Guyana

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Officials of Mitsubishi Corporation met with business representatives in Guyana on Thursday to discuss the final report of the Oil and Gas Master Plan for Guyana (OGMP), a collaborative effort between the Guyana government and Japan. The group met with...
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Guyana opposition pushing bipartisan management of oil sector

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With the South American country of Guyana just months away from first oil and possible early election, the main opposition party says it would like to see measures being put in place to ensure the country’s emerging petroleum sector...
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Offshore sanctioning nearing peak – Rystad Energy

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The annual growth rate in the global offshore oilfield services market will likely be halved after 2022, according to Rystad Energy. The independent energy research and consultancy firm headquartered in Norway with offices across the globe forecasts that the service...
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Guyana session at OTC saw capacity audience

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This year’s Houston's Offshore Technology Conference highlighted panels that showed a global deepwater that has become increasingly robust and the session on Guyana saw a capacity audience clamoring to hear more about South America’s newest oil and gas hotspot. Starr...
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ExxonMobil gets approval for Mozambique Rovuma LNG project

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Mozambique Rovuma Venture said Tuesday that the government of Mozambique had approved its development plan for the Rovuma LNG project, which will produce, liquefy and market natural gas from three reservoirs located in the Area 4 block offshore Mozambique,...
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ExxonMobil conducting met-ocean survey at Stabroek

OilNOW -
ExxonMobil Guyana is currently conducting a met-ocean survey at its Stabroek Block offshore the South American country of Guyana. The operation, which is scheduled to conclude on May 5, is being executed by the M/V Sea Service some 90 nautical...
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Resource from 3 wells to be added to 5.5 billion estimate at Stabroek Block

OilNOW -
ExxonMobil said that the last three discoveries in the Stabroek Block offshore Guyana – Haimara, Tilapia and Yellowtail – will add to the 5.5 billion barrels of oil equivalent resource estimation determined following the tenth discovery. Jack Williams, Senior Vice...
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ExxonMobil contracts Noble Don Taylor for Guyana drill campaign

OilNOW -
ExxonMobil has contracted the drillship Noble Don Taylor for operations offshore the South American country of Guyana. This is according to a fleet status report from Noble Corporation which was published on April 18, 2019. The Noble Don Taylor has...
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Q1 withdrawal from Guyana’s oil fund up 60% from last year’s

The Guyana government ramped up withdrawals from the country’s oil fund in the first quarter of 2025, taking out...

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