Guyana’s deepwater volumes remain central to the pool of “advantaged barrels” that analysts say can withstand prolonged low-price environments. This is according to Norway-based research and energy intelligence company, Rystad Energy.
During a recent episode of the firm’s Let’s Talk Energy...
ExxonMobil Guyana’s offshore oil production averaged 841,000 barrels per day (b/d) in October across the four producing Stabroek Block developments, according to newly released government data.
The month was defined by continued stability at the mature projects and a sharp...
Brent crude is the leading global benchmark for oil prices. It refers to a classification of water-borne crude originally from the North Sea, now a blend from several North Sea fields, that is light (low density) and sweet (low...
In just under six years, Guyana has transitioned from being a first-time oil producer to one that now produces 900,000 barrels of crude per day, driven by seven sanctioned offshore projects in the Stabroek Block and a flagship gas-to-energy...
Global price-reporting agency Platts, part of S&P Global Commodity Insights, will introduce two new freight assessments on December 1 that specifically track the cost of shipping Guyana’s crude to Europe.
The move comes as Guyana cements its place as a...
ExxonMobil Guyana Limited has intensified activity at the Uaru development as its Yellowtail project enters full production. On November 17, 2025, the company began developmental drilling at the Uaru Project’s UA_3i02 Drill Center within the Stabroek Block of Guyana’s...
Countries with some of the world’s most mature petroleum industries now rank behind Guyana in per capita oil production, according to figures from scientific publication Our World in Data (OWID).
Guyana secured the top position in November 2025, and the...
Editor's note: This article was updated on November 25, 2025. It was first published on December 29, 2024.
The Guyana government is working closely with a contractor to ensure the Gas-to-Energy project is completed for start-up in mid-2026, making...
Guyana is preparing for another major expansion of oil output, with the Uaru project set to start production in 2026. The development, located in the Stabroek Block, is the fifth project approved offshore the country.
It is expected to move...
ExxonMobil’s Liza 1 development offshore Guyana is trending back toward its original nameplate capacity of 120,000 barrels of oil per day (b/d), as output gradually declines from the peak rates achieved after two optimization campaigns, according to production data...
