Tag: IHS Markit
World oil demand has grown by 13 million bpd over last...
World oil demand has grown at a record pace—by 13 million barrels per day in the last four months—since the bottom of...
Change in government will not disrupt Guyana’s O&G sector – IHS...
A change in government in South America’s newest oil producing nation Guyana is not expected to have an adverse effect on the country’s emerging...
Chinese oil demand near 90 percent of prior year levels –...
China’s oil demand has continued a sharp rising trend since passing the nadir in February. After dropping in February by over 40 percent compared...
Most extreme global oil supply surplus ever recorded is on the...
Extraordinary conditions can lead to startling outcomes. IHS Markit says that is where the oil market now finds itself—in a truly extraordinary situation in...
Most competitive deepwater projects will be those with shortest development cycle...
From discovery in 2015 to production in 2019, the Liza Phase 1 development offshore Guyana is considered to be one of the fastest deepwater...
Liza crude will attract interest from refineries as far away as...
Refineries in the US Gulf of Mexico (USGC) and China are expected to take particular interest in the crude being produced in the South...
Permian operators must drill more wells to maintain current production levels...
Oil and gas operators in the Permian Basin, the most prolific hydrocarbon resource basin in North America, will have to drill substantially more wells...
Report: Guyana’s deepwater areas will remain competitive, despite changes to fiscal...
Guyana's deepwater investment climate is expected to remain regionally competitive over the next five years, despite the South American country's plans to adjust its...