Mega

Exxon's Mega Oil Finds In Guyana Are Just The Beginning

Authored by Matthew Smith via Oilprice.com, Like many global oil majors ExxonMobil is under considerable pressure because of the significant fallout from the COVID-19 pandemic, sharply weaker oil prices and the threat of peak oil demand. There are growing fears that Exxon, because of its tremendous debt burden, is a zombie company. These are generally…

Iran’s Mega South Pars Gas Field Nears Completion

Submitted by Simon Watkins of OilPrice.com The net present value of Iran’s supergiant South Pars natural gas field has jumped from an estimated US$116 billion at this point last year to US$135 billion now, a senior oil and gas industry source who works closely with Iran’s Petroleum Ministry exclusively told OilPrice.com last week. The key…