Chevron Corporation (NYSE:CVX) has made a significant oil discovery at the Ballymore prospect in the deepwater U.S. Gulf of Mexico.
Ballymore is located in the Mississippi Canyon area of the U.S. Gulf of Mexico, approximately three miles from Chevron’s Blind...
Guyana’s Minister with responsibility for the petroleum sector says the recently announced decision of the United Nation’s Secretary General, Antonio Guterres, to refer the decades old border controversy with Venezuela to the International Court of Justice (ICJ) is the...
(Hart Energy) A funk has settled over the Alberta oil industry as low prices, pipeline system constraints, storage shortfalls, and limited rail shipping have combined in a perfect storm that is costing producers millions of dollars every day.
While the...
(Reuters) - Royal Dutch Shell (RDSa.L) snapped up nine of 19 Gulf of Mexico oil and gas blocks awarded in a Mexican auction on Wednesday, as the global oil major raised its big bet on Latin America’s deep waters.
Mexican...
(Bloomberg) Lebanon’s prime minister and other senior figures in the country’s government reacted angrily to comments by an Israeli official once again laying claim a disputed maritime area said to be rich in oil and gas.
International oil companies are...
Energy giant BP has announced two new North Sea oil and gas discoveries.
Tests have been carried out to discover how much oil and gas is present, with the data currently "under evaluation".
The finds - in the Capercaillie and Achmelvich...
Hess Corporation (NYSE:HES) today announced its 2018 E&P capital and exploratory budget will be $2.1 billion, the same as 2017. The 2018 budget allocates increased capital for continuing exploration and development activities offshore Guyana and for the Bakken, which includes growing the rig...
(Reuters) - Oil prices are unlikely to advance much higher than $70 a barrel in 2018, with the market caught between the opposing forces of OPEC-led production cuts and surging U.S. output, a Reuters poll showed on Wednesday.
The survey...
Guyana’s Head of State, President David Granger has hailed the decision to refer the controversy arising out of the claim by the Bolivarian Republic of Venezuela to Guyana’s territory, to the International Court of Justice (ICJ).
United Nation’s (UN) Secretary...
Big Oil is now Big Tech. So big, in fact, that Eni SpA’s new supercomputer is the size of a soccer field.
In the multi-million dollar pursuit of the world’s most powerful computers, the Italian explorer says it’s taken the lead. Its...
