Exploration

Russia Deputy Prime Minister Alexander Novak says the International Energy Agency (IEA)’s call for a halt to global oil and gas developments could push oil prices to $200 a barrel. “If the international energy agency's decision to avoid financing new...

All eyes are on Suriname’s Block 58 where four of the country’s five offshore discoveries have been made to date and the scale of the resource volume and production potential is said to be “bigger than big” according to...

Updated May 31, 2021 Major oil and gas explorers around the world expect at least three decades of exploration still to come and see this lasting beyond 2050 even as the global pandemic and slashed oil prices have caused companies...

Nestled on the north coast of South America, Guyana and Suriname are among the smallest of the countries on the continent. But with the discovery of multi-billion-barrel hydrocarbon resources, the economic prospects of these upcoming potential giants are among...

(S&P Global Platts) Global oil and gas producers, facing a pummeling from environmental activists and shareholders, can rely at least for a while on persistent oil demand and a need for their expertize and scale, even as pressure increases...

Heavy rainfall continues to affect regions across Guyana with severe flooding in several communities. Relief efforts have been ongoing in the areas affected and this is expected to continue in the coming days. Mid Atlantic Oil & Gas Inc. donated...

Emerging play options around the world are shrinking with over 50% of such wells planned for 2021 located in the Guyana-Suriname basin where over 10 billion barrels of oil equivalent resources have been discovered since 2015. According to Westwood Global...

Analysts around the world have been crunching numbers and closely examining scenarios that provide insight into the future of oil and gas in a world that is moving towards renewable energy sources. The predictions vary, often considerably, for peak...

The International Energy Agency (IEA) said Tuesday that under an energy scenario needed to put the world on a path to net-zero emissions by 2050, no new oil and gas developments should be sanctioned beyond those already approved for...

Exploration drilling in the Canje Block offshore Guyana will be key to determining if the upper-cretaceous play can be extended in a basin where over 9 billion barrels of oil equivalent have been found in the adjacent Stabroek Block...