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Tag: Exploration

Oil remains biggest prize as 2021 set to see lowest number...

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Even though the world is witnessing an unprecedented increase in efforts to transition to cleaner sources of energy starting with natural gas, there is...

Guyana delivered, global exploration picked up…then the pandemic struck

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A Wood Mackenzie analysis from Andrew Latham, Kristina Beadle, and David Parkinson  The global exploration industry was in a good place at the start of 2020, having recovered...

Factors that affect exposure to exploration risk in Guyana’s offshore basin

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Most governments go to a lot of effort to distance themselves as much as possible from exploration risk. This can be done through management...

Global exploration & production revenues will fall by staggering 1 trillion...

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The devastating effect of the COVID-19 pandemic on global oil and gas exploration and production (E&P) companies is better understood by looking at the...

Global E&P CAPEX will reach 13-year low as COVID-19, price war...

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Global capital expenditure (CAPEX) for exploration and production firms (E&Ps) is expected to drop by up to $100 billion this year, about 17% versus...

Exceptional reservoirs in Brazil, Guyana and Mexico will attract the most...

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The exploration industry has fought its way back to profitability, and is now keen to stay there says industry analyst Wood Mackenzie in December...

Deepwater CAPEX to hit US$60B by 2022: Guyana among countries pushing...

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South American emerging oil and gas powerhouse, Guyana, is listed among a handful of countries pushing a rise in annual deepwater capital expenditure. In a...

Hart Energy: oil, gas exploration activity picks up but concerns remain

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The success story unfolding offshore Guyana where ExxonMobil Corp. has made seven oil discoveries coupled with recent wins by Chevron Corp., Total SA and...

Big oil firms hold back on drilling

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(The Wall Street Journal) The world’s biggest oil companies are awash in cash, thanks to rising crude prices. But few, if any, are going...

Exploration to increase in 2018 but investment constraints remain

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(Rigzone) Exploration activity will increase in 2018, but market uncertainty and the need to manage debt levels will remain key constraints to investment. That is...