Green Car Congress

OCTOBER 2, 2020

ExxonMobil has made its final investment decision to proceed with the Payara field offshore development in Guyana after receiving government approvals. Ten drill centers are planned along with up to 41 wells, including 20 production and 21 injection wells. As new projects proceed, investment in the Guyana economy increases.

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Guyana Oil Singapore 2019 418

Green Car Congress

APRIL 29, 2021

ExxonMobil announced an oil discovery at the Uaru-2 well in the Stabroek Block offshore Guyana ( earlier post ). In March 2021, ExxonMobil secured a sixth drillship, the Noble Sam Croft, for exploration and evaluation drilling activities offshore Guyana. These new projects continue to drive investment in the Guyanese economy.

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Guyana Oil Singapore Water 243

Green Car Congress

JANUARY 11, 2023

According to EIA’s January Short-Term Energy Outlook (STEO) , global liquid fuel consumption will exceed 100 million barrels per day, on average, in 2023 for the first time since 2019, then average more than 102 million barrels per day in 2024. Areas of uncertainty include Russian oil supply and OPEC production.

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Oil Prices Oil Global Price 210