News

The Guyana-Suriname basin is the most appealing frontier market opportunity in the world since it features light to medium sweet crude which has low emissions, highly competitive breakevens and offers exploration companies some of the most competitive terms. An...

The landmark gas to energy project being planned by authorities in Guyana will be best run through the partnership the country has with ExxonMobil since the oil major has vast experience in delivering major projects on time and on...

South America’s hottest new basin where billions of barrels of oil discovered over the past six years have brought world-wide attention is set to deliver large volumes of gas says a former head of Suriname state oil company, Staatsolie. “Our...

(S&P Global Platts) The largest integrated US producers remain focused on deepwater production in the Americas, from the tried-and-true US Gulf of Mexico to the expanding pioneer fields offshore of Guyana, Suriname, and potentially other South American nations. Chevron and...

(Reuters) - The U.S. Department of Energy said on Friday it will sell 18 million barrels of crude oil from its strategic petroleum reserve (SPR) on Dec. 17, as part of a previous plan to try to reduce gasoline...

Norway-based Rystad Energy recently examined how an accelerated transition to cleaner fuel sources could impact oil and gas suppliers. Using its own data-driven forecasts for energy supply, the energy research and business intelligence company concluded that a rise of 1.6°C...

With an average volume of 300 million barrels of oil equivalent per discovery and a record 80 percent success rate, the pioneering oil fields offshore Guyana, particularly at the prolific Stabroek Block, continue to deliver big pay with low...

(S&P Global Platts) YPF, the biggest oil and natural gas producer in Argentina, is doing preliminary studies to prepare for building LNG export capacity as gas production grows in the giant Vaca Muerta shale play and projects get underway...

Organizations such as the Paris-based International Energy Agency (IEA) have recommended that there be no new petroleum exploration projects if the world is to avoid more catastrophic effects of climate change. But another report by two recognized organizations is...

Head of the Environmental Protection Agency (EPA), Kemraj Parsram has taken a proactive approach for the future monitoring of discharges from oil operations offshore. On Thursday, the Chief Environmental Regulator and members of his Petroleum and IT Departments met...