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Exxon bets big on natural gas in its eighth Guyana oil project

Oil & Gas 360ยบ

billion cubic feet per day (bcfd) of natural gas and 290,000 barrels per day of condensate at the Longtail project, per the request for environmental authorization from Guyana seen by Reuters. Exxon announced the first Longtail discovery in June 2018. Hess Corp and CNOOC of China, expect to produce up to 1.5

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Are we back to fundamentals as oil prices tank further?

Oilholics Synonymous Report

At the time of writing this post, The Oilholic noted that Brent and WTI front month futures contracts had breached their respective $74 and $70 per barrel floors. That said, outlandish $100 per barrel oil price predictions can once again take a back seat. jplenio / Pixabay , 2018. Largely yes in an oversupplied market.

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$80 is looking like Brent's price ceiling not the floor

Oilholics Synonymous Report

Having breached $75 per barrel floor, Brent futures are now testing $70 with the WTI having fallen through it some time ago. Jplenio / Pixabay , 2018. Compared to last week, on Monday the Brent front-month contract ended 8.11% lower while the WTI ended 7.01% lower. To follow The Oilholic on Forbes click here.

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Crude oil extraction may be well past peak

Energy Central

million barrels per day in late 2018, and production hasn’t been able to regain that level since then. World crude oil extraction reached an all-time high of 84.6 World monthly crude oil production based on data of the US Energy Information Administration (EIA).

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FG Flaunts Scorecard On Maritime, Cross Border Oil Related Crimes Fight In 5yrs

Orient Energy Review

President Muhammadu Buhari has said that over 220 vessels involved in maritime criminality within Nigeria’s Exclusive Economic Zone, up to the Republic of Togo, between August 2018 and March 2023, have been prosecuted. By Bosco Agba

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Whatโ€™s Next for Diversified Energy? Exploring the $1.3 Billion Maverick Deal

Rextag

Maverick emerged from the restructuring of Breitburn Energy Partners following its bankruptcy in 2018. Mavericks operations currently yield an average of 77,000 barrels of oil equivalent per day. Diversified Energy reported an output of approximately 138,000 barrels of oil equivalent per day during its fiscal third quarter.

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Nigeria Oil Industry Overview

Drillers

billion barrels of proven oil reserves as well as 5.675 trillion cubic metres of natural gas, which explains why the supermajors are not too tired of their problems in Nigeria. According to estimates from human rights groups, millions of barrels have leaked or spilt in the Niger Delta over the years.

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