State-owned Kuwait Oil Co. made a “major” discovery in the Jazah natural gas field in the OPEC member’s offshore region. The initial exploration well recorded the highest production rate from a vertical well in the Minagish formation in Kuwait’s history,” KOC said in a statement on Oct. 13. The company has made similar announcements for...
Day: October 14, 2025
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Guyana hits record three-quarter million barrels of oil per day
Total offshore production from Guyana’s Stabroek Block has hit over 700,000 barrels of oil per day, President of ExxonMobil Guyana Limited Alistair Routledge confirmed at a press briefing this morning. The start-up of the Yellowtail development is behind the spike. The project struck first oil on August 8. According to Routledge, Yellowtail production was “around...
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Guyana oil fund gets another US$133 million from oil sales in September
Guyana oil fund gets another US$133 million from oil sales in SeptemberGuyana received payments for two cargoes of crude oil in September 2025, totaling US$133 million (approximately GY$28 billion). The shipments, lifted from the Payara and Liza 1 projects, reflect the continued strength of the country’s oil production profile and the steady flow of revenue...
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Energy Minister Engages Power Sector Stakeholders on Long-Term Strategies to Ensure Stable Power Supply
The Minister for Energy and Green Transition, Hon. John Jinapor, has held a strategic engagement with key stakeholders in the power sector aimed at sustaining and ensuring consistent electricity supply across the country. The meeting focused on developing comprehensive strategies and actionable plans to guide the sector from now through to 2030, with emphasis on...