Production from the Stabroek Block consistently increased, moving from an average of 74,000 barrels of oil per day (bpd) in 2020, to an average of 616,000 bpd in 2024. The One Guyana FPSO is ...

was to focus on Block 58 offshore Guyana’s neighbor. The investment plan was widely seen as TotalEnergies’ attempt to repeat Exxon’s success in Guyana. Crude oil discoveries in Suriname have ...

Stabroek Block Production Sharing Agreement (PSA) with the Guyana government has been the recent subject of intense public discourse.

A total of 225 oil lifts were recorded from the Stabroek Block last year, the Ministry of Natural Resources disclosed during a press conference on Tuesday. While the revenue generated from the lifts ...

Namibia's Orange basin and the Stabroek block offshore Guyana are set to ... s Orange basin and the Stabroek block off Guyana continuing to stoke oil and gas explorers’ interest throughout ...

ExxonMobil made its eighth oil discovery offshore Guyana at the Longtail-1 well in the Stabroek Block on June 20. The company encountered 256 feet of oil-bearing sandstone. The well was drilled to ...

“Time is not on our side,” he said last week in Washington, just after a successful auction of eight more offshore blocks for oil and gas exploration off Guyana’s Atlantic coast. They have ...

Exxon, which operates Guyana ... in the oil industry. The winner will obtain, or stake a claim to, a large share of Guyana’s 11 billion barrels of recoverable reserves, the biggest offshore ...

Offshore oil and gas-related engineering, procurement and construction (EPC) contract awards in 2025 are expected to total ...