News

Bahamas Petroleum Company plc said Friday it will be embarking on a comprehensive program of activities that will see an increase in production and cashflow from operations in Trinidad and Tobago and Suriname. In a Notice of Extraordinary General Meeting and Circular,...

(Reuters) Oil prices fell more than 1% on Monday on fears that surging COVID-19 cases in India will dent fuel demand in the world's third-biggest oil importer and as investors adjusted positions ahead of a planned increase in OPEC+...

French multinational integrated oil and gas company Total said on Monday considering the evolution of the security situation in the north of the Cabo Delgado province in Mozambique, it confirms the withdrawal of all Mozambique LNG project personnel from...

Reliance Industries Limited (RIL) and bp on Monday announced the start of production from the Satellite Cluster gas field in block KG D6 off the east coast of India. RIL and bp have been developing three deep-water gas developments in...

As the debate persists on whether Guyana should pursue a mix of gas with renewables or simply go the route of the latter, a former BP Trinidad and Tobago (BPTT) official is now adding two crucial questions to the...

The deal flow in the farm-out market was at an all-time low in 2020 although the success rates from wells drilled were at a 5-year high. This is according to Westwood Global Energy Group who said in a new...

An extended low freight environment seen in the global VLCC, or Very Large Crude Carrier, market amid the coronavirus pandemic has left historical freight differentials for Americas-loading VLCCs in disarray, S&P Global Platts said in an April 23 report....

Oil field service company Halliburton announced Wednesday net income of $170 million for the first quarter of 2021. This compares to a net loss for the fourth quarter of 2020 of $235 million and adjusted net income for the fourth quarter...

Houston, Texas based Schlumberger Limited said this week the first quarter of 2021 represented a ‘strong step forward’ with acceleration in North America activity and momentum continuing to build in the international markets. The company has been able to expand...

ExxonMobil Guyana confirmed on Friday that 14 rotational workers supporting its operations offshore the South American country have tested positive for COVID-19. All are asymptomatic or have mild symptoms at this time, the company said. “These individuals have been appropriately...