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Tullow could be sitting on multi-billion-barrel block – Rystad Energy

On Monday 12 August, UK-based Tullow Oil announced it had made a “significant and high-value oil discovery” off the coast of Guyana. Commenting on...

Guyana’s total estimated income from Stabroek block jumps to US$117.5 billion...

Guyana’s total estimated income from the 13 discoveries made so far by ExxonMobil at the Stabroek Block is now projected at 117.5 billion US...

Offshore project sanctioning in 2019 stands at $56 billion

To survive in the lower oil price environment of the past five years, E&Ps and service companies alike have sharpened their pencils and delivered...

40% of resources to be sanctioned for 2019 gets greenlight

While large projects such as the Liza Phase 2 development in Guyana are expected to get the greenlight by the of the year, so...

Discoveries up 35% – Guyana oil strikes propelling uptick

Global discoveries of conventional oil and gas continue to show promising growth, with new finds totaling 6.7 billion barrels of oil equivalent (boe) in...

Offshore sanctioning nearing peak – Rystad Energy

The annual growth rate in the global offshore oilfield services market will likely be halved after 2022, according to Rystad Energy. The independent energy research...

Liza 2 among global O&G projects pushing big volumes for 2019

A surge in final investment decisions (FIDs) this year on new petroleum projects worldwide, including the Liza Phase 2 Development Project offshore Guyana, could...

Liza Phase 2 tops list for South America’s 2019 greenfield investments

South America has always been an important playing field for the oilfield service industry. As Brazil is turning more positive towards the international service...

US oil sanctions on Venezuela will not be major blow to...

Rystad Energy analyst Paola Rodriguez-Masiu believes that while the sanctions announced on Monday by the US against Venezuelan state oil company PDVSA will have...

Rystad Energy says ExxonMobil likely to sanction over $16B this year...

Norway-based Rystad Energy says US oil major ExxonMobil “looks primed” to make an offshore sanctioning splash in 2019 for its operations in Guyana. The...