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Year: 2021







Citi Says Oil May Climb to $90

Citigroup Inc. said oil prices may hit $90 a barrel at times this winter as gas-to-oil switching drives stockpiles lower. The bank, which raised its Brent oil forecast for the fourth quarter to $85, said inventories may dwindle to their lowest level on record in terms of days-of-cover by year-end. That comes as consumption gets […]

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ExxonMobil’s resource estimate for Guyana block rises to 10 billion barrels

Oil major ExxonMobil has increased its estimate of the discovered recoverable resource for the Stabroek Block offshore Guyana to approximately 10 billion oil-equivalent barrels following its latest discovery. The updated resource estimate includes a new discovery at the Cataback-1 well, which brings the total significant discoveries to more than 20 within the Stabroek Block, ExxonMobil […]

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C-NLOPB Launches New Data and Information Hub and Announces Updated Policy on Disclosure of Digital Data and Information

The Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB) is excited to launch a new, map-based Data and Information Hub (Information Hub), created and developed by Board staff to modernize access to technical information housed by the C-NLOPB. Over the past 18 months, staff have uploaded over 40,000 individual files to the Information Hub. Stakeholders will […]

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