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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...

Rystad Energy says 2nd COVID-19 wave expected to be less destructive...

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As COVID-19 infections continue to increase around the world and the implications of the pandemic’s spread are acknowledged in key markets in the Americas...

Oil and gas project sanctioning set for staggering decline in 2020

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Global project sanctioning is set for a staggering decline this year of over 75% from 2019 levels, as the COVID-19 pandemic has caused E&P...

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...