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“We do not see Exxon turning off the taps in Guyana”...

The fall in oil prices triggered by the Saudi Arabia-Russia price war and the COVID-19 global pandemic has resulted in a number of oil...

Political turmoil, price uncertainty will delay FIDs in Guyana for months...

Political turmoil in South America’s newest oil producing nation Guyana, coupled with falling oil prices and the COVID-19 pandemic will delay Final Investment Decisions...

Global E&P CAPEX will reach 13-year low as COVID-19, price war...

Global capital expenditure (CAPEX) for exploration and production firms (E&Ps) is expected to drop by up to $100 billion this year, about 17% versus...

Global oil demand could collapse by over 16 million bpd in...

Global oil demand is expected to take the biggest hit in the month of April falling by nearly 16 million barrels per day (bpd)...

Over 1 million oil field services jobs to be cut in...

More than a million jobs in the oilfield service industry (OFS) are likely to be cut in 2020 due to low project volumes brought...

O&G project sanctioning faces up to US$131 billion in reduction this...

The effect of the COVID-19 virus on global demand for oil and gas, along with an ongoing price war that has sent oil prices...

Largest oil supply surplus in history about to hit global market

The largest oil supply surplus the world has ever seen in a single quarter is about to hit the global market from April, creating...

As much as 3 million barrels per day of extra oil...

The extra oil coming into the global market from April will be as much as 3 million barrels per day (bpd), Rystad Energy estimates....

Coronavirus will delay FPSO deliveries, postpone US$30B in investments – Rystad...

Out of a global total of 28 floating production, storage and offloading (FPSO) vessels that are under construction, 22 are being built at shipyards...

Oil companies set to spend over US$53 billion at Stabroek Block...

Recent discoveries in the Guyana-Suriname basin have proven a wider petroleum system and may cause an upgrade in resource estimates, drawing extra attention to...