Guyana | Egypt Oil & Gas
Fourth Vessel Set to Depart for Guyana in Q1 2025, Boosting Oil Output by 250,000 bbl/d
The fourth floating production storage and offloading (FPSO) facility is expected to depart for the South American country in the first quarter of 2025, said John Hess, CEO of US oil producer Hess Corporation, during ...
Exxon-led Consortium Reaches 500 Million Barrels in Guyana’s Stabroek Block, Eyes 1.3 Million Daily by 2027
ExxonMobil said on Wednesday it had reached 500 million barrels (mmbbl) of oil production from Guyana’s Stabroek block since 2019, with aim to increase production capacity to over 1.3 mmbbl of oil per day by 2027 once...
Shell, Chevron, Petrobras Evaluate Guyana Oil Auction
Guyana, the South American country, is offering 14 offshore oil exploration blocks in auction, to accelerate its economic development, Reuters reported. Guyana’s next auction has enticed at least ten firms, incl...
ExxonMobil Increases Guyana Oil Output, Hesitant About Next Auction Offer
ExxonMobil is unsure whether it will submit a bid for new offshore areas Guyana wants to explore because the oil company is increasing production quicker than expected and the South American nation is having trouble a...
ExxonMobil Achieves Three New Discoveries in Guyana
ExxonMobil has made three additional discoveries offshore Guyana, bringing its total recoverable resource estimate for the Stabroek Block to roughly 11 billion oil-equivalent barrels. Located southeast of the Liza and... ExxonMobil’s Fourth Project in Guyana Receives Approval
ExxonMobil is set to start work on its fourth project in Guyana, which got approval from the South American country’s Environmental Protection Agency, Reuters reported. ExxonMobil will now have the required cons...
Saudi Aramco to Market Guyana Crude for One Year
Guyana has granted Saudi Arabian Oil Company, known as Aramco, a one-year contract to market the government’s share of the crude produced in the South American country, Vice President Bharrat Jagdeo told Reuters...
Guyana Earns $80 M From its 7th Crude Shipment
The Guyana’s Ministry of Natural Resources announced that it has earned about $80 million from the seventh shipment of crude, which was allocated to the government from the offshore Liza Project, Reuters stated. This ... 
