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ExxonMobil’s 4th proposed development project offshore the South American country of Guyana will produce approximately 150,000 - 190,000 barrels of oil per day (bpd), pushing total production at the Stabroek block to 750,000 bpd. This latest development, once approved,...

The total capital and operational expenditure of exploration and production companies (E&Ps) is now likely to be cut by $100 billion in 2020 and another $150 billion in 2021 if oil prices remain at a $30 level, a Rystad...

In the wake of one of history’s largest oil price declines in a single day, a Rystad Energy impact analysis shows that US drilled but uncompleted wells (DUCs) will be the first assets to be threatened by the newly...

Guyana’s President David Granger on Monday said he has acted in accordance with the country’s constitution and laws as results from the March 2, 2020 elections remain pending amid claims of electoral fraud. “I assure the nation that, at all...

OPEC and Russia have started an oil price war that could push crude into the $20s, according to Goldman Sachs Group Inc., as reported by Bloomberg on Sunday. Brent crude may dip as low as $20 a barrel, testing the levels at which some producers...

When oil production began at the 120,000 bpd Liza Phase 1 Development offshore Guyana on December 20, Brent was trading at US$66.14 per barrel. Now, less than three months later, the price has collapsed to US$36.98. In one of the...

(Reuters) - European shares slumped across the board on Monday, taking the benchmark STOXX 600 into bear market territory as a lock-down of northern Italy due to the coronavirus outbreak and a 30% plunge in oil prices amplified fears...

(Bloomberg) Oil markets tumbled the most since the Gulf War in 1991 after the disintegration of the OPEC+ alliance triggered an all-out price-war among the world’s biggest producers. In one of the most dramatic bouts of selling ever, Brent futures...

(Reuters) - The oil and gas industry is canceling key networking events and academic and technical meetings, shifting some to virtual conferences, due to concerns about the coronavirus and its fast-growing toll of more than 100,000 cases worldwide. A major...

On 2nd March 2020, Guyana held its first general and regional elections since becoming an oil producing country. With vast oil revenues about to flow into Guyana, it will become the lifeblood of the modern economy. The discourse about...