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Rystad Energy warns 2nd COVID-19 wave could see oil demand losing...

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As the number of confirmed new COVID-19 cases surges to new global highs of beyond 200,000 per day, a second wave of the pandemic...

High performance from Guyana as 2020 half-year discoveries hit lowest in...

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Global discoveries of conventional resource volumes reached just 4.9 billion barrels of oil equivalent (boe) in the first half of 2020 with Guyana among...

Guyana will face economic detriment if election impasse continues to delay...

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Norway-based independent energy research company Rystad Energy says the prolonged political impasse in Guyana continues to be a risk to the country’s emerging oil...

Global natural gas output set to fall by 2.6% in 2020

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The Covid-19 pandemic has landed a lasting blow to both oil and gas markets. Global oil production has absorbed the lion’s share of the...

Future participation in oil blocks should be done via State Holding...

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While some arguments have been put forward in favour of Guyana establishing a National Oil Company so that it may have a participating interest...

Global upstream investments set for 15-year low – falling to $383...

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Following the publication of the upstream industry’s first quarter results, a Rystad Energy analysis reveals a gloomier investment-budget picture than previously thought. Global spending...

Exploration acreage totalling almost 4 times the size of Stabroek Block...

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Oil and gas companies currently have assets for sale around the world with recoverable reserves of more than 5 billion barrels of liquids and...

US oil output set to bottom out in June, will not...

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US oil production, which has steeply declined as low prices forced shut-ins, will reach a bottom of around 10.7 million barrels per day (bpd)...

Guyana oil wells among deepest, most complex in region

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Over 100 exploration wells are expected to be drilled in South America outside Brazil over the next 5 years and Norway-based Rystad Energy has...

Producers may need to kill their old loss-making FPSO’s in this...

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The swift oil price crash caused by the COVID-19 pandemic will reduce the combined free cash flow of FPSO fields, which have produced above...