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Big window of opportunity ahead for oil producers as major deficits...

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Oil producers around the world, particularly in locations like Guyana, will soon have a window of opportunity as new analysis shows that 2021 could...

World could face a 200 million-barrel oil glut through May if...

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As the world is aching to put an end to a devastating 2020, oil producers are now assessing the lasting effect of the pandemic...

Pandemic downturn wipes out 28,000 oil and gas jobs in Australia

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The Covid-19 pandemic hit Australia’s already declining oil and gas workforce hard, causing a loss of over 28,000 jobs this year, equivalent to a...

Deepwater projects are big winners as average breakeven price drops to...

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A comprehensive analysis by Norway-based Rystad Energy of oil production costs has revealed that the average breakeven price for all unsanctioned projects has dropped...

Guyana production set to hit 1.4 million b/d in mid-2030s with...

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Oil production in Guyana is expected to rapidly increase in the coming years as more developments are sanctioned, and floating production storage and offloading...

40% of offshore investments from 2021 will be FPSOs, several orders...

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Norway-based Rystad Energy said in a new report it expects offshore investments to rebound from 2021 with 40% of spending linked to construction of...

Guyana oil revenue will more than double T&T’s and quadruple Suriname’s...

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The South American country of Guyana is on course to receive the highest estimated total income from its multi-billion-barrel oil and gas...

Over 3 million bpd to be sanctioned in Guyana, Brazil even...

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Oil projects off the coast of South America have lower breakeven prices and competitive payback times in comparison to similar projects in...

Guyana set to benefit from US$50 billion in project sanctioning spread...

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US oil major ExxonMobil is projected to expend around US$50 billion in project sanctioning over the next 10 years for its offshore development activities...

45 wells drilled over a span of almost 50 years before...

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Before 2015, offshore Guyana was considered a “high-risk frontier basin” with 45 wells drilled over a span of 50 years resulting in no commercial...