News

The price for oil on the global market rose on Tuesday to an almost 1-month high with Brent futures increasing by US$1.05, or 2 percent, settling at US$54.17 per barrel. This increase comes on the heels of an unplanned production...

The Ministry of Natural Resources today issued a press release in response to the announcement made by ExxonMobil regarding the discovery of more than 82 feet (25 meters) of high-quality, oil-bearing sandstone reservoirs at their Snoek well. The text of the...