Crude oil production offshore Guyana averaged about 918,000 barrels per day (b/d) in February 2026, reflecting continued gains from optimization work across ExxonMobil’s Stabroek Block developments.
Government data shows that approximately 25.7 million barrels were produced during the month across...
Eco (Atlantic) Oil & Gas Ltd. announced on March 11, 2026 that it has signed a binding agreement to acquire the remaining shares of JHI Associates, Inc., a move that deepens the company’s exposure to offshore Guyana while adding...
As Guyana strengthens its position as a growing global oil and gas supplier, ExxonMobil Guyana’s activities in the Stabroek Block are helping to stabilize the regional floating production market, according to a February 19 report from Rystad Energy.
The report...
ExxonMobil’s Canje Block is on course to expire this week, setting the stage for a full relinquishment of the offshore deepwater acreage.
Relinquishments are a key aspect of how Guyana’s petroleum systems function. They are built into contracts and reinforced...
Long before Guyana became a 900,000 barrel per day producer, there was only a single well drilled in deep water offshore.
In May 2015, ExxonMobil announced the Liza discovery in the Stabroek Block. The Liza-1 well, often referred to as...
ExxonMobil’s exploration licence for the Canje Block will expire next week, according to information from the Ministry of Natural Resources.
Minister of Natural Resources Vickram Bharrat told Reuters the offshore block is set to expire soon. Ministry staff subsequently confirmed...
Chairman of Guyana’s Private Sector Commission (PSC), Captain Gerald Gouveia Jr. says local businesses are taking on bigger roles in the oil and gas sector, including offshore vessel operations, catering, aviation services, and oil block operations.
Speaking with OilNOW this...
Guyana’s offshore basin continues to draw global attention as multiple oil and gas companies advance exploration and appraisal across deepwater and shallow-water acreage. The activity spans proven producing blocks and frontier areas, positioning the country as one of the...
Guyana is moving to contract a large-scale 3D marine seismic survey covering deepwater offshore blocks that were left unawarded or unresolved in the country’s first oil and gas auction, signaling preparations to re-offer the acreage.
The Environmental Protection Agency has...
A signing bonus of US$17 million will be paid to Guyana for the S7 Block, awarded to Ghana’s Cybele Energy Ltd, exceeding the ceiling set for shallow-water assets by US$7 million.
This detail was shared today as the company’s Chief...
Staatsolie Maatschappij Suriname N.V. and Suriname’s Tax Department have launched a three-year capacity-building program to strengthen tax and customs...
