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Over eight months in – Guyana producing oil ahead of its...

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US oil major ExxonMobil announced its first world class discovery in May 2015 at the Liza field offshore Guyana. The well encountered...

ExxonMobil limiting oil production after encountering additional challenges with gas compressor

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Additional challenges with the gas handling system on the Liza Destiny FPSO has resulted in ExxonMobil taking a decision to limit oil...

Liza production to hit peak in August as water and gas...

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Two additional high-quality reservoirs identified at Yellowtail-2 ExxonMobil is currently commissioning water injection equipment and bringing natural gas injection fully online at its Liza Phase...

Oil production ramps up at Stabroek Block as gas reinjection system...

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Two of the three gas handling systems are back online at the Liza Destiny FPSO resulting in a reduction in flaring and a gradual...

Hess reports US$2.4 billion loss – Liza field helps boost production

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Hess Corporation reported Thursday a net loss of $2,433 million, or $8.00 per common share, in the first quarter of 2020 even as oil production...

Production at Liza Phase 1 expected to hit 120,000 barrels per...

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Oil production from the Liza Phase 1 Development is expected to reach its full capacity of 120,000 barrels per day by early June according...

Guyana receives almost US$5 million in first royalty payments

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The first payments of royalty due to Guyana from oil produced for the months of January, February and March have been deposited into the...

Guyana racking up millions in oil revenue – royalty payments to...

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In addition to the almost US$55M that has already been deposited into the Natural Resource Fund (NRF) account held by the Bank of Guyana...

Close to US$55M from Guyana’s 1st oil lift deposited into Federal...

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The revenue from Guyana’s first oil cargo of 1 million barrels of Liza crude has been deposited into the Natural Resource Fund account held...

Over US$1.2M in royalty for NRF by month end…Liza production surpasses...

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Oil production from the Liza Phase 1 Development at Guyana’s Stabroek Block amounted to 1,745,930 barrels for the month of January which is equivalent...