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Capacity constraints casting dark cloud over oilfield service industry – Rystad...

A dark cloud of capacity constraints is casting a shadow over the oilfield service industry heading into 2020, mirroring the sharp growth in the...

Global upstream investments set to decline in 2020

Rystad Energy is forecasting that overall global upstream investments in 2020 will decrease by around 4%. Investments in shale/tight oil are expected to contract...

Wealth, education and infrastructure funds key to Guyana’s success as an...

Norway’s success as an oil producer has been based largely on the country’s push to diversify the economy and not use oil revenues to...

ExxonMobil 14th discovery at Stabroek pushes projected government revenue above US$120...

The 14th oil discovery made by US oil major ExxonMobil off the Guyana coast pushes the total estimated revenue to be earned by the...

Mauritania now ties Guyana for 2nd most discovered volumes this year

On Monday BP announced a major gas discovery, Orca-1, off the coast of Mauritania, which Rystad Energy says is the deepest and largest discovery...

Brazil set to be major contributor to non-OPEC oil production in...

Brazil’s oil production has seemingly found its groove, with Rystad Energy expecting the country to be a sizable contributor to non-OPEC, non-US growth throughout...

Rystad Energy says Joe discovery smaller than expected

Norway-based Rystad Energy says the Joe discovery on the Orinduik block offshore Guyana, announced on Monday, is tens of millions of barrels less than...

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...