Guyana

The discovery marks London-based Tullow’s first operated contribution to a long list of discoveries since 2015 in the emerging petroleum province.

A new package of regulations governing workers’ safety in the oil and gas sector in Guyana is being crafted, said the country's occupational safety and health consultant at the Ministry of Social Protection, Gwyneth King.

The small rainforest country nestled between Venezuela and Suriname has recently struck oil—a lot of it. With this newfound vast potential comes concern about developing the resources sustainably and with proper consideration for the country’s people and environment.

Expected to start up in mid-2022, Liza Phase 2 will produce up to 220,000 B/D of oil.

Could 2019 be a bumper year for offshore energy development?

Yellowtail-1 is the fifth discovery in the Turbot area, where ExxonMobil plans another Stabroek Block development hub.

Conventional oil and gas discovered resources in 2019 are on pace to rise 30% from last year and reach their highest level since the beginning of the industry downturn. Here, a recap of the first quarter's 15 biggest oil and gas discoveries, which altogether are propelling the increase.

The oil price downturn spawned a lull in deepwater enthusiasm, but better project execution and reduced project lead times have helped operators achieve lower costs and better returns. What does the landscape for deep water look like in the near term? Will operators get more involved?

The past year ended with a surge of subsea tree awards as E&P operators locked in lower supply-chain cost. Will demand continue to grow in 2019 and allow subsea OEMs to build backlogs and take back pricing power?

2019’s class of offshore projects show a wide range of potential sanctioning outcomes.