Eco Atlantic Oil & Gas has identified new drill targets in its Orinduik Block offshore Guyana, according to its 2025 Investor Presentation released this week.  The names of the exploration prospects were not listed. However, last March, Eco Atlantic identified...

PARAMARIBO, SURINAME - Suriname is already an oil-producing country, with Staatsolie, its national oil company, operating onshore fields since the 1980s. However, the October 2024 Final Investment Decision (FID) by TotalEnergies and APA Corporation marked a pivotal moment: the...

ExxonMobil Guyana and its partners spent over GY$170 billion with local businesses in 2024, according to company President Alistair Routledge. This forms part of a decade-long investment exceeding GY$525 billion with more than 2,000 Guyanese suppliers. “Their participation shows the...

Guyana is on track to become one of the top five liquid-producing countries in Latin America (LatAm) in 2025, according to Amanda Bandeira, a Research Analyst at Wood Mackenzie. “Production keeps growing, and exploration drilling is intensifying again in the...

  Venezuela’s Nicolas Maduro and Russian President Vladimir Putin have publicly reaffirmed support for their nations with a strategic partnership agreement.  As reported by Reuters, Russia and Venezuela agreed to deepen cooperation in energy, including joint initiatives within OPEC+, the Gas...

Shell Nigeria Exploration and Production Company (SNEPCo) has signed an agreement to acquire TotalEnergies’ 12.5% stake in the OML 118 Production Sharing Contract offshore Nigeria. The deal, announced by Shell on May 28, will raise Shell’s interest in OML 118...

Since ExxonMobil’s historic Liza discovery in 2015, the Stabroek Block offshore Guyana has yielded a string of world-class oil finds. While Liza remains the biggest discovery to date, several subsequent wells have encountered major oil-bearing reservoirs. Liza was the biggest,...

ExxonMobil’s Yellowtail development offshore Guyana is expected to come online in August, just ahead of national elections in the South American country. Yellowtail, the fourth project in the Exxon-led Stabroek Block, will use the ONE GUYANA floating production, storage and...

Guyana’s Yellowtail crude, from the country’s fourth offshore development, is set to hit international markets in the third quarter of 2025, with a lighter and sweeter profile than the country’s current grades.  The new grade is expected to compete directly...

In the final week and a half of April 2025, Guyana’s offshore oil production witnessed an uptick, with both the Liza 2 and Payara projects averaging approximately 260,000 barrels per day (b/d) each. This indicates that ExxonMobil, the operator...