and catapulted the impoverished South America country firmly onto the global oil map. OilPrice points out that the offshore Guyana-Suriname Basin is being called the world’s most exciting oil ...

In August 2024, Guyana’s Minister of Natural Resources, Vickram Bharrat, announced that the country’s oil reserves had grown by 600 million barrels to 11.6 billion barrels.

In a 2012 assessment, the USGS estimated the Guyana-Suriname Basin had recoverable undiscovered oil resources of 13 billion barrels. That number is only slightly higher than the 11.6 billion ...

The Suriname-Guyana basin is considered to be highly prospective for oil and gas as the United States Geologic Survey (USGS) estimates possible reserves in this basin of 15 billion barrels ...

Exxon Mobil posted strong fourth quarter profits as the oil and gas company increased production in the Permian basin at home, and in Guyana. The Texas company earned $7.61 billion, or $1.72 per ...