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Venezuela casts shadow over Guyana’s bright oil future
But 1m b/d production could be just a few years away if geopolitical risks subside
Eco Atlantic sees promise on the frontiers
The independent tells Petroleum Economist it sees further opportunities in Guyana, South Africa and Namibia
China’s NOCs ride wave of rising demand
From E&P to refining, the state-owned companies are well-positioned for growth and bumper profits
Cnooc to start drilling in Uganda
Kampala is bullish about the country’s upstream future
Mozambique upstream progress defies unrest
The east African country continues to attract investment in oil and gas projects, but concerns over security are still impeding developments in the gas-rich north
Bearish demand forecasts dominate China’s winter gas outlook
Economic headwinds and little sign of colder weather suggest continuing weakness
Markets await Chinese product export quotas
The normal quarterly uncertainty is more pronounced than usual, and the effect on the market may be delayed
ExxonMobil takes a chance on India’s upstream
The major’s involvement is a win for New Delhi as it seeks to promote offshore exploration
China well-stocked with gas for winter
Sufficient term-contract volumes and soft demand are insulating the country from the expensive spot LNG market
Chinese NOCs delist from NYSE
The voluntary move demonstrates the growing distance between the US and China
Guyana continues to enjoy its place as a global exploration hotspot
Guyana ExxonMobil Hess Cnooc
Charles Waine
13 September 2021
Follow @PetroleumEcon
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Guyana keeps the oil finds flowing

Latin America’s latest crude producer again proves its status as a world-class petroleum province

The Stabroek block offshore Guyana is the gift that keeps on giving for joint venture partners ExxonMobil, US independent Hess and Chinese state-controlled Cnooc. Less than two months after drilling success at the Whiptail prospect, the consortium has added another major discovery further south at the Pinktail exploration well.   The discovery is the 20th major offshore find in the Stabroek block and pushes its recoverable resource base beyond 9bn bl oe. “Our exploration successes continue to increase the discovered resource and will generate value for both the Guyanese people and our shareholders,” says Mike Cousins, senior vice president of exploration and new ventures at ExxonMobil.    An

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