Apache Corp and its joint venture partner Total on Wednesday said they had made their third oil discovery offshore Suriname. The “major oil discovery” was made […]

A group of 19 companies including oil majors, trading houses and state-run firms were approved by Guyana’s government for the next phase of a competitive process […]

Oil climbed on Monday after major producers agreed to extend a deal on record output cuts to the end of July and as China’s crude imports […]

Malaysian oil and gas company Petronas has completed the farm-down of a 50% stake in an offshore Suriname block to a subsidiary of ExxonMobil. The offshore […]

Guyana has no plans to cut crude output despite a plunge in oil prices, the government’s top energy official said on Monday, adding that shutting down […]

By Jazmin Goodwin and Laura He, CNN Business Updated 5:52 AM ET, Tue April 21, 2020 New York/Hong Kong (CNN Business)Oil prices are still crashing after […]

U.S. oil company Apache has said it has made a significant oil discovery at the Sapakara West-1 well drilled offshore Suriname on Block 58. This is […]

The volatility in the tanker market sector has seen earnings for the very large crude carriers (VLCCs) skyrocket, bringing unexpected joy to tanker owners. The average […]

A major sale of oil and gas leases in the U.S. Gulf of Mexico on Wednesday generated $93 million in high bids, the lowest total for […]