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India Petroleum Minister Dharmendra Pradhan says New Delhi has an aggressive diversification strategy in place that provides flexibility in sourcing cargoes from a world awash with oil. The country has been buying new grades from areas outside of the Middle...

(S&P Global Platts) Rio de Janeiro — Brazilian President Jair Bolsonaro once again warned of changes at state-led Petrobras in a move that raised the specter of renewed government interference at the company that could lead to changes in...

While it is well known that most partnerships are not always successful, it is still a crucial mechanism to help Guyanese build capacity in a very short time so that they can participate in the oil sector. This is...

Venezuela has completed offloading more than 1 million barrels of crude from the floating storage and offloading facility (FSO) Nabarima which has been immobilized and anchored in the Gulf of Paria in the northeastern part of the country’s waters...

(Reuters) - Exxon is considering whether to close down its Slagen oil refinery in Norway, which has a capacity to process 120,000 barrels of crude per day, turning the site into an import terminal, the U.S. energy major said...

Hess announced today that it has entered into an agreement to sell its Little Knife and Murphy Creek acreage interests in the Bakken in North Dakota to Enerplus Corporation for a total consideration of $312 million, effective March 1,...

The 2nd edition of the new publication – Energy Guyana – was released this week with special focus on the country’s plans to pipe gas to shore from the Liza field, government’s push towards renewable energy and the increasing...

Over the next three months clean and dirty tankers across the globe will face challenges due to lower oil trade flow, weak refining margins and lingering supply cuts, and will be looking for longer voyages from places such as...

(Reuters) - When a left wing populist and a far-right lawmaker rose to power in Latin America’s two largest economies, investors thought they knew who was going to show them the money. But more than two years and a costly...

The repaired and upgraded flash gas compressor has been safely reinstalled on the Liza Destiny FPSO and a three-phase testing programme is now underway to monitor the performance of the system. “Following the safe reinstatement of the repaired and upgraded...