Guyana has rejected Venezuela’s objection to a planned three-dimensional multi-client seismic exploration program within its Exclusive Economic Zone (EEZ), stating that the activity falls fully within its sovereign rights.
The Ministry of Foreign Affairs and International Cooperation issued its response...
ExxonMobil Guyana Limited (EMGL) will continue development drilling at the Yellowtail Project’s YT_2P01 drill center in the Stabroek Block offshore Guyana, according to a notice released March 7 by the Maritime Administration Department (MARAD).
The operations are taking place in...
Chevron Chief Executive Officer Mike Wirth says Guyana has experienced an “extraordinary” rise as a global energy producer, outlining the country’s rapid emergence as a major source of new oil discoveries.
In a March 10 LinkedIn post reflecting on his...
The Government of Guyana is advancing a large-scale offshore 3D multi-client seismic acquisition, a move aimed at reducing exploration risk across acreage south of the Stabroek Block and strengthening the country’s upstream petroleum framework.
According to a March 9 notice...
Wells Alliance Guyana has named the Stena Carron drillship ‘Rig of the Quarter’, a recognition announced by Stena Drilling last week as the vessel marks 10 years of deepwater operations offshore Guyana.
In a March 5 LinkedIn post, the company...
Oil production offshore Guyana averaged 915,000 barrels per day (b/d) in January 2026.
Government data shows that output across the four ExxonMobil-operated projects in the Stabroek Block totaled 28.375 million barrels for the month, reflecting the continued ramp-up of the...
President Irfaan Ali’s upcoming appearance as the opening speaker at the Offshore Technology Conference 2026 (OTC) signals just how far Guyana has progressed — from a frontier exploration market to a country now regarded as a core offshore producer...
The world’s 30 largest oil and gas companies must find 22 million barrels of oil equivalent per day by 2040 to maintain their market share, according to a February 26 report by Wood Mackenzie.
The group, which includes ExxonMobil, currently...
SBM Offshore said the Jaguar floating production, storage and offloading vessel project has reached several construction milestones as work continues toward a planned 2027 start-up offshore Guyana.
“Following a safe and successful work program in the Seatrium dry-dock, FPSO Jaguar...
Rising geopolitical instability in the Middle East could increase oil revenues for Guyana while also exposing capacity constraints across the Caribbean, according to Philippe Jackson, Partner and Political Risk Advisor at Orinoco Research.
In a March 2 LinkedIn post, Jackson...
