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The release of drilling results by Tullow Oil on Thursday from its Carapa-1 well offshore Guyana saw the company’s shares tumbling on what analysts are saying is unlikely to be a commercial discovery. The oil and gas group’s share price...

Tullow Oil plc (Tullow) said on Thursday that the Carapa-1 exploration well, drilled on the Kanuku licence offshore Guyana, has encountered approximately four metres of net oil pay based on preliminary interpretation, and has extended the prolific Cretaceous oil...

Anna Belova, Senior Oil and Gas Analyst at leading data and analytics company GlobalData, looks at the key trends that will shape the industry in 2020, ranging from stronger focus on gas developments to a push for shorter-cycle investments. A...

Guyana’s main opposition People’s Progressive Party (PPP) says the start of oil production at the dawn of the new year is an occasion for cautious optimism but stressed that in order for the South American nation to truly benefit...

The dawn of the new year has coincided with the start of oil production in Guyana and the country’s President, David Granger, says this will help to intensify plans to transform the South American nation of just over 750,000...

Noble Energy Inc.  on Tuesday announced the commencement of natural gas production from the Leviathan field, the largest natural gas field in the Eastern Mediterranean. David L. Stover, Noble Energy’s Chairman and Chief Executive Officer, stated, “This is a historic...

Guyana’s Department of Energy (DE) said on Tuesday it has successfully completed the evaluation of eleven Expressions of Interest from international firms for support services in review and evaluation of ExxonMobil’s Payara Field Development Plans. The Expressions of Interest received...

The sale of Bourbon Corporation's assets to Société Phocéenne de Participations by a decision of the Marseille Commercial Court will not impact the operations of Bourbon Guyana, which officially opened its doors in the new South American oil producing...

(Bloomberg) -- Oil is on track for the biggest yearly gain since 2016 as declining U.S. crude stockpiles eased oversupply concerns, and heightened geopolitical risk gave the commodity a boost. Futures in New York held near a three-month high Monday....

The Islamic Revolution Guard Corps (IRGC) navy forces have confiscated an oil tanker carrying smuggled fuel in Abu Musa waters, southern Iran, state-run Islamic Republic News Agency reported on Monday. Commander of the 5th region of the IRGC navy forces...