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Governments in developing countries not ready to ‘kill off’ upstream investment...

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Governments have a lot to think about in 2021 says UK-based global consultancy group, Wood Mackenzie. Tougher fiscal terms could put countries at the...

High impact drilling for Guyana this year, Wood Mackenzie says

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With limited budgets and rich inventories after a few years of active acreage loading, explorers will drill only the prospects that really matter this...

Pandemic brings new oil reality; some governments will offer better terms...

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Governments, particularly those in economies dependent on the oil industry are looking to do their part by ensuring exploration and production activities remain economically...

Upstream gas investments could be slashed by 65%

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A world on a 2-degree pathway could significantly reduce upstream gas investments by 65% through to 2040, says Wood Mackenzie. The company’s base case...

Biden Presidency will set US on course to achieve climate change...

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Following his defeat of incumbent Donald Trump in the 2020 United States presidential election, many industry analysts have begun examining the consequences of a...

Costly effects of pandemic make Paris Agreement 2050 targets unlikely –...

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In light of the fact that nearly US$20 trillion or 25% of global Gross Domestic Product (GDP), is earmarked for responding to...

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...