With just a few weeks before August arrives, Guyana inches closer to becoming the world’s largest oil producer per capita.
The milestone is tied to the start-up of the ONE GUYANA floating production, storage, and offloading vessel (FPSO), the latest...
The ramp-up of ExxonMobil’s Payara project remains unmatched in Guyana’s offshore oil history, even as more developments come on stream. Wood Mackenzie’s Principal Analyst Luiz Hayum described the startup of the Prosperity FPSO at Payara as setting an industry...
ExxonMobil expects lower crude and natural gas prices will weigh on its second quarter 2025 earnings, according to its latest 8-K filing with the U.S. Securities and Exchange Commission (SEC) released ahead of results due August 1.
The company estimates...
ExxonMobil has been named the most-admired upstream explorer in the world, according to Wood Mackenzie’s 2025 Exploration Survey, a recognition underpinned mainly by the company’s performance offshore Guyana.
The award, announced at Wood Mackenzie’s annual Exploration Summit in Bordeaux in...
Guyana is forecast to become one of the top 10 non-OPEC oil producers by 2031, according to new data from Rystad Energy.
The firm reported on an interactive chart via LinkedIn on July 2 that total liquids production from non-OPEC...
ExxonMobil Guyana’s Vice President and Chief Financial Officer, John A. Colling, has rejected recent claims in the local media that the Stabroek Block Contractor Group manipulates accounting standards to inflate its financial results.
In a letter published in the Stabroek...
Noble Finance Company, an affiliate of Noble Corporation, has issued a Request for Information (RFI) to pre-qualify companies capable of delivering scaffolding services offshore Guyana.
The company is seeking detailed responses from vendors to support its operations in the Stabroek...
When CGX Energy Inc. announced a discovery at the Kawa-1 well in February 2022, expectations soared. For the first time in 20 years, CGX had finally delivered a historic find, potentially placing Guyana on track for a second major...
The Guyana government has launched a two-part procurement process for the development of a natural gas liquids (NGL) storage and marine offloading facility, a key component of the country’s landmark Gas-to-Energy project.
In the first of two notices published on...
Guyana’s offshore oil production reached a new milestone in May 2025, averaging an all-time high of 667,000 barrels per day (b/d). The surge represents a 9.17% increase over April’s output of 611,000 b/d, and brought total crude production for...
