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Guyana is one of the main beneficiaries of deepwater reinvention

Deepwater and tight oil are two of the great growth themes in the oil and gas industry, but are often considered to be at...

Why explorers are in the grip of an existential crisis

The energy transition is challenging the raison d'etre of conventional exploration, which has always been the industry's primary engine for growth. So says Andrew Latham,...

Technology may be a game changer for future oil supply –...

Industry Analyst Wood Mackenzie says a giant oil supply gap looms and if, as it expects, oil demand peaks at 110 million b/d in...

WoodMac expects ‘billion-barrel scale volumes’ from Guyana, Mexico and Brazil

After a difficult few years, the exploration sector is back in the black – and keen to stay there. New analysis from Wood Mackenzie...

Guyana oil production ramp-up faster than anything ever achieved – Wood...

US oil major ExxonMobil is pulling out all stops on its Guyana development in what industry analyst Wood Mackenzie says is a ramp-up faster...

“We need more Guyanas, a lot more, and we need them...

UK-based energy consultancy group Wood Mackenzie says the warning signs are everywhere – “the industry isn’t finding enough oil.” The analyst, in a new...

No guarantee other oil companies in the Guyana Basin will strike...

The Guyana-Suriname Basin is a vast expanse of deep to ultra-deep water with multiple play types where, despite ExxonMobil’s unprecedented success, exploration is still...

Guyana’s oil fortune rapidly increasing

‘Unprecedented’ is the one word that sums up the remarkable string of oil discoveries which US supermajor ExxonMobil has been making off the Guyana...

Guyana can become richest corner of the continent

(Rigzone) Following Exxon Mobil Corp.’s latest Hammerhead-1 discovery, the company’s ninth discovery offshore Guyana, it’s believed the country will create the greatest value of any...

WoodMac Sees ‘loosening’ of oil market towards year-end

Wood Mackenzie sees a “loosening” of the oil market towards the end of the year, Sushant Gupta, a director at the research...