ExxonMobil advances offshore drilling in Nigeria and Guyana, awarding a Nigeria drillship contract and extending four Guyana drillship agreements through February 2029.
The EIA’s December outlook projects global crude supply up about 800,000 bpd in 2026, with Brazil, Guyana and Argentina providing nearly half of the increase as non-OPEC production continues to expand.
Guyana has signed a five-year production sharing agreement with TotalEnergies, QatarEnergy and Petronas for offshore Block S4, the first contract concluded after the 2023 tender that allocated eight of 14 shallow-water and deep-water blocks.
