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As Guyana prepares for oil bonanza, Rystad says world can hit...

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Norway-based consultancy group Rystad Energy says the adoption of electrification in transport and other oil-dependent sectors is accelerating and is set to chip away...

Robots could replace hundreds of thousands of oil and gas jobs,...

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Even when the pandemic downturn is finally past us, operators will have to continue exploring new avenues for cost reductions to be better equipped...

Recovery of up to 1 million bpd of oil at risk...

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The vaccine distribution cycle was not expected to be perfect, but the recent spike in cases in Europe, which some are calling the third...

Norway energy research group projecting record-breaking year for Guyana deepwater

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Guyana has started the year with an exploration disappointment as a partner in the ExxonMobil-operated Canje block last week revealed that the first wildcat...

Guyana pushing big volumes in South America deepwater bonanza

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South America continues to be a major player in the global arena for deepwater discoveries, with Guyana pushing big volumes and massive potential finds...

Guyana among top 10 countries where subsea boosting can add millions...

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Subsea boosting, which is the most mature technology within the subsea processing toolbox, can add millions of barrels to recoverable reserves and Guyana has been...

World on track to run out of sufficient oil supplies, Rystad...

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The world is on track to run out of sufficient oil supplies to meet its needs through 2050, despite lower future demand due to...

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...