The warning signs are there – the industry isn’t finding enough oil. Guyana is one of the very few giant oil discoveries made during the downturn. Fact is, we need more Guyanas, a lot more, and we need them soon. Without them, the oil market is in danger of tightening in the not too distant future. We need more Guyanas, a lot more, and we need them soon. The risk is laid bare by our oil supply analysts, Dougie Thyne and Matt Deane. They’ve refreshed our forecasts for the sources of oil supply to meet global oil demand through to 2040. The starting point is our database of projects onstream and under development. We layer on risked assumptions for the following: Future reserves growth for conventional field and unconventional oil plays Production forecasts for pre-FID projects and pre-drill tight oil Volumes from other existing discoveries. High cost discoveries we […]