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The bp board announced on Sunday that the company will exit its shareholding in Russian state oil company Rosneft. bp has held a 19.75% shareholding in Rosneft since 2013. Additionally, bp chief executive officer Bernard Looney is resigning from the...

Most of the challenges faced by oil and gas producing countries are those that lie above the ground in the form of policy decisions being made by the host nation. One expert says this will be the biggest challenge...

(S&P Global Platts) An oil depot near the Ukrainian capital of Kyiv was set on fire after a missile strike, officials said Feb. 27, a day after one of two Ukrainian refineries was shut down due to military risks. On...

By Dr H. Arlington Chesney - OilNOW Guyana lifted its first commercial shipment of oil in December 2019. This is projected to be the start of a very dominant national oil and gas industry with the estimated reserves of ten...

The unprecedented oil and gas discoveries unfolding in the Guyana-Suriname basin are of historic proportions and make the region stand out as one of the most exciting hot spots the industry has seen in decades. “The Liza-1 well will be...

(Reuters) - Oil prices slipped Friday after sharp rises early in the session on concern over potential global supply disruptions from sanctions on major crude exporter Russia. The April Brent crude futures contract fell $1.15, or 1.2%, to settle at...

The new oil producing South American country of Guyana can use its growing international clout to advocate for regional interest. This is the view of Wazim Mowla, a Guyanese American and assistant director of the Caribbean Initiative at the...

The Joe Biden administration is "exploring" another release of emergency oil stocks with ally countries if needed, a White House official told S&P Global Platts on Thursday. "No decisions have been made," the Platts quoted the official saying. The White House...

Guyana’s landmark gas-to-energy project which will see a 225 km pipeline landing onshore from massive oil and gas production installations at the ExxonMobil-operated Stabroek Block will come online as other countries around the world also look to ramp up...

Chief Executive Officer (CEO) of Rystad Energy, Jarand Rystad, is of the view that oil prices could go as high as US$130 a barrel on account of Russia’s invasion of Ukraine on Thursday.  In his most recent post on...