Brazil, with 14.9 billion barrels of proven reserves, is aiming to boost oil output to 5.4 million barrels per day by 2029, potentially becoming the world’s fourth-largest oil producer. Guyana, following a series of discoveries […]
By 2035, the world’s fourth-largest offshore oil producer could be a South American country with fewer than 1 million people. According to Norway’s Rystad Energy, Guyana – with proven reserves of 11 billion barrels of […]
Guyana, a country on South America’s north coast, has issued an invitation for bids for energy storage projects with a combined capacity of 34MWh. The Guyana Utility Scale Solar Photovoltaic Program (GUYSOL) is now seeking […]
Third quarter production grew to approximately 360,000 barrels a day; one million barrels a day targeted by 2030 Third major development on schedule for 2023 start-up More than 30 discoveries in the Stabroek block since […]
U.S. supermajor ExxonMobil is continuing with its incredibly precise exploration of Guyana’s Stabroek block with two new discoveries southeast of the Liza and Payara developments. The exploration work in Guyana for Exxon appears laser-guided as […]
Exxon Mobil CEO Darren Woods warns that an abrupt transition to renewable energy will cause society to “pay a high price.” The national average price for a gallon of gasoline is currently nearly $5, causing strife for […]
Guyana’s Vice President Bharrat Jagdeo said the government would not conduct additional seismic studies on offshore oil blocks that are set to be auctioned in September. “The price of oil is high, and I think […]
Rystad: Global oil and gas investment is set to rise by 20% this year. In the United States, investment in shale is set to increase by 35%. Oil frontiers like Guyana, Brazil, West-Africa and Australia are […]
Opec has revised its oil demand forecast for this year further down, because of the impact of the war in Ukraine on the global economy, accelerating rates of inflation and Covid-19 restrictions in China — […]
Gross discovered recoverable resource estimate for Stabroek Block increased to approximately 11 billion barrels of oil equivalent Discoveries at Barreleye, Lukanani and Patwa further underpin the development potential of the block NEW YORK–(BUSINESS WIRE)–Hess Corporation […]
Copyright © 2025 | Sandstone Group