• 3 minutes Boris Johnson taken decision about 5G Huawei ban by delay (fait accompli method)
  • 6 minutes This Battery Uses Up CO2 to Create Energy
  • 10 minutes Phase One trade deal, for China it is all about technology war
  • 12 minutes Trump has changed into a World Leader
  • 6 hours Indonesia Stands Up to China. Will Japan Help?
  • 5 hours Shale Oil Fiasco
  • 6 hours Might be Time for NG Producers to Find New Career
  • 20 mins We're freezing! Isn't it great? The carbon tax must be working!
  • 9 hours Angela Merkel take notice. Russia cut off Belarus oil supply because they would not do as Russia demanded
  • 11 hours Environmentalists demand oil and gas companies *IN THE USA AND CANADA* reduce emissions to address climate change
  • 3 hours Anti-Macron Protesters Cut Power Lines, Oil Refineries Already Joined Transport Workers as France Anti-Macron Strikes Hit France Hard
  • 10 hours Beijing Must Face Reality That Taiwan is Independent
  • 10 hours China's Economy and Subsequent Energy Demand To Decelerate Sharply Through 2024
  • 5 hours Tesla Will ‘Disappear’ Or ‘Lose 80%’ Of Its Value
  • 1 day US Shale: Technology
  • 2 days Swedes Think Climate Policy Worst Waste of Taxpayers' Money in 2019
Alt Text

The Shipping Industry’s $1 Trillion Problem

The global shipping industry is…

Alt Text

The Hottest Energy Investment Niche Of 2020

Most energy analysts are very…

Alt Text

Hydrogen Costs Could Be Set To Plunge By 50%

Hydrogen, while still expensive today,…

Editorial Dept

Editorial Dept

More Info

Premium Content

Imagining A Global Solar Empire

Another rocky week for oil prices, with $4 per barrel swings in both WTI and Brent over the course of just a few days. While the United States eased up on the trade tariffs that it was set to levy on September 1, it leaned harder on Venezuela, this time sanctioning anyone who does business with PDVSA - even foreign companies that have assets in the US. In the meantime, crude oil inventories in the US rose this week, putting further downward pressure on oil prices.

Geology Rules the Day: Why The Guyana-Suriname Basin Is Ground Zero

Exxon’s made 13 discoveries offshore Guyana. Now, Tullow has followed suit with the much-anticipated results in from its Jethro-1 wildcat well in the Orinduik license.

It wasn’t until Exxon’s 13 discoveries that one was tempted to think that the age of discoveries was over, and the threat of peak oil was truly upon us. But geology is a tricky beast. The Guyana-Suriname Basin is full of stratigraphic traps, rather than faulted traps, and while the former have typically been more challenging to work with and have seen a lower commercial success rate, this is a live and learn situation that Exxon has now perfected, and which others are likely to follow suit--beyond Tullow.

Tullow Guyana drilled its Jethro-1 exploration well to 4,400 meters in 1,350 meters of water, encountering 55 meters of net oil pay. That’s more than Tullow forecast in its own predrill assessment. Tullow is now evaluating discovery…




Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News
Download on the App Store Get it on Google Play