Guyana is benefiting from higher oil prices and stronger demand for non-Middle Eastern crude amid the Iran war and Strait of Hormuz disruptions.

ExxonMobil and its consortium have secured a notably favorable production sharing agreement in Guyana's Stabroek Block, where they've discovered more than 11 billion barrels of oil. The consortium, ...

For the past 7 years, ExxonMobil has been consistently increasing its footprint in Guyana. Exxon has already made over 20 discoveries, and it is predicting many more to come. The supermajor estimates ...

Exxon Mobil Corporation XOM is planning a major expansion of its offshore drilling activities in the Stabroek Block and has applied to the Environmental Protection Agency (“EPA”) in Guyana for a new ...

Exxon Mobil has submitted for authorization of a new exploration and appraisal program for Guyana's offshore Stabroek block ...

Exxon Mobil said on Thursday it increased its estimate for discovered recoverable resource at the Stabroek Block in offshore Guyana by 1 billion to about 10 billion oil-equivalent barrels, as it ...

ExxonMobil begins production at Yellowtail in the Stabroek Block offshore Guyana. One Guyana FPSO adds 250,000 barrels per day, lifting total capacity past 900,000 barrels. Production start comes four ...

ExxonMobil has been granted a 1-year extension to the Stabroek block exploration license offshore Guyana to October 2027, according to partner Hess Corp. ExxonMobil has been granted a 1-year extension ...

Global oil firms are preparing to spend more than $53 billion in Guyana’s coveted Stabroek Block during the coming decade. According to Rystad Energy research, recent discoveries in the ...

US supermajor ExxonMobil has officially relinquished 20% of the area of the prolific Stabroek block offshore Guyana. The decision to return part of Stabroek to the government is outlined in the ...