News

inspenet - 1452

AIE estimates a record oil consumption in 2023

Inspenet, February 20, 2023
The International Energy Agency (IEA) foresees record oil consumption in 2023, driven by China and aviation, according to a report by the entity. Total demand will reach the “record” level of 101.9 million barrels per day (mbd), that is, an increase of 2 million expected in 2023 compared to the previous year.

CONTINUE READING »
inspenet - 1447

ExxonMobil interested in Guyana offshore gas development

Inspenet, February 17, 2023
ExxonMobil Guyana Chairman Alistair Routledge said during a press conference in Georgetown that the company is “watching very closely the potential for gas development” off the coast of Guyana and that such developments would be important, given the abundant presence of volatile oils and condensates in uncovered wells.

CONTINUE READING »