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MARKETS

Outlook sunny and supermajors plan Permian capex: WoodMac

THE outlook for upstream oilers looks strong next year with analyst firm Wood Mackenzie suggesting “oil and gas companies can cope whatever’s thrown at them in 2019,” according to senior vice-president Tom Ellacot.  

Helen Clark
WoodMac and Rystad pinpoint 2019 hotspots in optimistic forecast for oilers, like ExxonMobil's Liza development in Guyana  

WoodMac and Rystad pinpoint 2019 hotspots in optimistic forecast for oilers, like ExxonMobil's Liza development in Guyana  

Norway-headquartered Rystad Energy, meanwhile, notes discovered resources this year have surpassed 8.8 billion barrels of oil equivalent and expects this to grow to 9.4Bboe by the end of the year.   ...

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