Guyana produces about 120,000 barrels per day of crude from an offshore project controlled by a consortium that includes Exxon Mobil, Hess Corp, and China’s CNOOC Ltd. Categories: Energy & Oil ...

Portugal's oil company Galp Energia shares ... already extracting 122,000 bpd in 2023. The Galp discovery at Mopane field has been compared to Guyana’s Stabroek block, an 6.6 million acre ...

President of Guyana Irfaan Ali has acknowledged ... In 2015, when US oil major Exxon made its first discovery in Guyanese waters, gross domestic product per head was $11,000 (£9,380).

Guyana's President Irfaan Ali announced a cash grant for citizens, as part of the government’s commitment to ensuring the ...

The discovery of huge oil reserves in Guyana could change the future of the nation South America's second poorest nation is bracing for an oil boom that could catapult it to the top of the ...

The country is endowed with fertile agricultural lands, valuable mineral resources - including bauxite and gold - extensive tropical forests that cover 80 percent of the country, and recently ...

GEORGETOWN, Guyana—More than 100 miles off the coast of Guyana, Exxon Mobil is pumping hundreds of thousands of barrels every day from a gargantuan oil discovery that is transforming the ...

“We're looking for new resource trying to ensure we understand the resources we’ve already discovered ... would rank Guyana as one of the world’s 20 largest oil producing countries.

In the last decade, more than 11 billion barrels of conventional oil and gas have been discovered. The recent discoveries off the coast of Guyana have already started to have an outsized effect on ...

The National Assembly had approved the Fiscal Enactments Bill which balances immediate withdrawals and long-term savings from the National Resource Fund (NRF) ...

But this drastically changed in 2015 with the discovery of the Stabroek block off the coast of Guyana by a consortium led by the US multinational ExxonMobil. Guyana's oil boom has made the nation ...