Upstream Industry Guide: Oil and gas production is a fundamental cornerstone to the global economy. The world consumes close to 100 million barrels of crude oil every day, and the number is set to continue rising despite the expansion of renewable energy. In short, oil will continue to be an essential primary source of energy […]
Guyana: The New Star on the Global Oil Map
Exxon Guyana Oil Discoveries When Exxon first started drilling off the coast of Guyana, it hardly anticipated the oil price crash of 2014. The supermajor first struck oil in the Stabroek block in 2015, in the worst of the crisis. Since then, Exxon and its partner Hess have made 13 oil discoveries, tapping reserves that […]
