Guyana’s upstream is poised for rapid development
Guyana’s burgeoning oil sector continues to advance
Two fresh discoveries and further developments are helping to cement the frontier province’s leading status
ExxonMobil has announced two further oil discoveries in the Stabroek block offshore Guyana, which will add to the previous recoverable resource estimate of 10bn bl oe. And there are developments in the country beyond Stabroek. The discoveries at Fangtooth and Lau Lau are a positive result that “supports [our] strategy to test deeper exploration targets within the Stabroek block”, ExxonMobil says. The latest discoveries—which bring Stabroek’s total to at least 28—bolster “our continued confidence in the block’s exploration potential, and our view that the many discoveries to date could result in up to ten development projects”, says Mike Cousins, senior vice-president of exploration and new v
Also in this section
16 January 2026
The country’s global energy importance and domestic political fate are interlocked, highlighting its outsized oil and gas powers, and the heightened fallout risk
16 January 2026
The global maritime oil transport sector enters 2026 facing a rare convergence of crude oversupply, record newbuild deliveries and the potential easing of several geopolitical disruptions that have shaped trade flows since 2022
15 January 2026
Rebuilding industry, energy dominance and lower energy costs are key goals that remain at odds in 2026
14 January 2026
Chavez’s socialist reforms boosted state control but pushed knowledge and capital out of the sector, opening the way for the US shale revolution
