gogechamberMay 24, 20211 min readBasins with high-quality, low-cost discoveries will reign supreme.Analysts around the world have been crunching numbers and closely examining scenarios that provide insight into the future of oil and gas in a world that is moving towards renewable energy sources. The predictions vary, often considerably, for peak oil and price scenarios over the next three decades. However, one thing most analysts agree on is that basins with high-quality low-cost hydrocarbon resources will outcompete those with resources that have higher carbon intensity and cost more to develop.
Analysts around the world have been crunching numbers and closely examining scenarios that provide insight into the future of oil and gas in a world that is moving towards renewable energy sources. The predictions vary, often considerably, for peak oil and price scenarios over the next three decades. However, one thing most analysts agree on is that basins with high-quality low-cost hydrocarbon resources will outcompete those with resources that have higher carbon intensity and cost more to develop.
EXXONMOBIL REPORTS TWO FURTHER OIL FINDS OFF THE COAST OF GUYANA. ExxonMobil has added two new development opportunities to its broad portfolio with the announcement of two discoveries at the Sailfin-1 and Yarrow-1 wells in the Stabroek block offshore of Guyana. Sin