ExxonMobil announces sixth oil discovery

Exxon Mobil Corporation announced today positive results from its Ranger-1 exploration well, making it ExxonMobil’s sixth oil discovery offshore Guyana since 2015. The release today said that the Ranger-1 well discovery adds to previous world-class discoveries at Liza, Payara, Snoek, Liza Deep and Turbot, which are estimated to total more than 3.2 billion recoverable oil-equivalent…

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The world’s energy market outlook: Lessons for Guyana’s coming production and export of oil & gas

The question I respond to in today’s column is: Does the prevailing world energy outlook offer useful policy lessons for Guyana’s benefit, in anticipation of its oil and gas production coming on stream in the early 2020s? The demand/supply appraisal of that market, which was presented in my two previous columns suggests that there may…

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