New oil producer Guyana has been rapidly adding barrels to its discovered resources since 2015 catapulting the country to the number three position for proven oil reserves in the Latin America-Caribbean region.
Crude oil reserves in Venezuela amounted to nearly...
The vast crude reservoirs found at the Stabroek Block offshore Guyana, home to over nine billion barrels of oil equivalent discovered since 2015, consist of light, sweet, high-quality oil-bearing sand, making it easier to extract and refine with less...
(Reuters) - Oil hit a multi-year high on Wednesday above $83 a barrel, supported by OPEC+'s refusal to ramp up production more rapidly against a backdrop of concern about tight energy supply globally.
The market later unwound those gains due...
By Miaoru Huang - Research Director, APAC Gas & LNG at Wood Mackenzie
After a pandemic slowdown last year, China’s demand for gas appears to have returned stronger than before. In H1 2021, China’s gas demand saw a 16% year-on-year...
(Natural Gas Intelligence) Higher natural gas prices are predicted to boost ExxonMobil’s third quarter upstream profits by around $700 million, more than forecast for oil, the energy major said.
In its 3Q2021 earnings guidance, detailed in a Securities and Exchange...
Saipem has been awarded new onshore drilling contracts in the Middle East and in South America. In particular, a contract has been awarded in the United Arab Emirates with a duration of approximately 15 months.
In South America, Saipem has...
(IHS Markit) Latin American countries are gradually beginning to reopen after 18 months of coronavirus disease 2019 (COVID-19)-virus-related restrictions. Although the region is set to grow in 2021, long-run political and economic-related grievances have been exacerbated by the pandemic....
(S&P Global) Global oil demand is "very healthy" and will reach close to 99 million b/d by the end of this year from 97 million b/d in Q3, with some natural gas customers switching to liquids, Saudi Aramco CEO...
(NBC) A 13-square-mile oil spill off the coast of Southern California forced officials to close beaches and warn of an ecological disaster Sunday as a previous plan produced by the operator of an offshore oil pipeline described such a...
Oil remained steady on Monday ahead of an OPEC+ meeting, with Brent hovering around $79.22 per barrel. A Norway-based energy research and business intelligence company had estimated just last year that Guyana would rake in over $300 billion in...
