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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...

New study reaffirms Stabroek block’s fiscal terms in line with countries...

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In its most recent report on Guyana, oil and gas industry analyst Wood Mackenzie says the Stabroek block fiscal terms ranks well compared to...

75% of Stabroek block expected resources still to be developed –...

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The volume of revenue flows to Guyana and the Stabroek block consortium is dependent on the timely development of oil resources, 75% of which...

Stabroek Block discoveries in a ‘safe and advantaged’ position but don’t...

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When one takes into consideration the impact of the COVID-19 pandemic on global demand for oil as well as increasing calls for a shift...

Source bed for Guyana basin similar to those in Venezuela, Colombia...

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With only 19 discoveries to date, geological experts at Wood Mackenzie posit that the Guyana basin stands as the most exciting exploration hotspot, with...

World will still rely on oil and gas for much of...

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In keeping with the goal of the Paris Agreement which calls for a limit to the increase in global temperatures to below 2 degrees...

Shell’s US$22 billion write down ‘signals fundamental change’ – WoodMac

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Speaking after Shell announced impairments of up to US$22 billion to its portfolio, Angus Rodger, a director with Wood Mackenzie’s upstream research team, said,...

BP asset write-down ‘is significant for sector’ – WoodMac

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BP’s plan to writedown up to $17.5 billion in its second-quarter earnings will have major implications in the near to long-term. So says Luke...

OPEC+ averts full scale disaster in market-based oil industries – Wood...

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Ed Crooks, Vice-Chair, Americas at Wood Mackenzie says rumours of “the death of OPEC” have been circulating for almost as long as the organisation...

NOCs slashing exploration budgets by over 25% this year

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National oil companies (NOCs) globally are estimated to cut exploration budgets by over a quarter on average in 2020, says Wood Mackenzie. The analysis is...