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The agency that regulates offshore safety in Newfoundland and Labrador says all offshore oil rigs in the province's waters have been temporarily shut down. The Canada-Newfoundland and Labrador Offshore Petroleum Board says in a statement on its website that operations...

Guyana’s Foreign Affairs Minister Carl Greenidge has described as significant, the decision taken by the United States of America to stand behind Guyana on the controversy with neighbouring Venezuela. At a farewell reception for US Ambassador Perry Holloway on Friday...

(Reuters) - Oil prices rose by around 1 percent on Monday amid expectations that top exporter Saudi Arabia will push producer club OPEC as well as perhaps Russia to cut supply toward year-end. Front-month Brent crude oil futures were at...

The Natural Resources Fund – Guyana’s version of a Sovereign Wealth Fund – could bring immense benefits to the country in the management of its oil revenue but the Natural Resources Governance Institute (NRGI) is warning that a poorly...

The oil reserves discovered in the 6.6 million acres Stabroek Block located 120 miles of the Guyana coast will help to supply the world’s growing energy needs. The magnitude of the discoveries made so far by US oil major...

TechnipFMC (NYSE:FTI) (Paris:FTI) (ISIN:GB00BDSFG982) has signed a Surface Technologies Frame Agreement with Chevron. This 5-year agreement covers the exclusive supply of surface wellhead equipment and service in the United States and Canada. Richard Alabaster, President of TechnipFMC’s Surface Technologies business, said,...

Eco Atlantic Oil & Gas Ltd (CVE:EOG) insider Alan Rootenberg sold 16,500 shares of the company’s stock in a transaction on Monday, November 12th. The stock was sold at an average price of C$0.85, for a total transaction of C$14,025.00. Shares...

US oil major ExxonMobil is pulling out all stops on its Guyana development in what industry analyst Wood Mackenzie says is a ramp-up faster than anything ever achieved in the industry with potential to exceed 1 million barrels per...

Guyana’s President David Granger is currently being treated in Cuba for Non-Hodgkin Lymphoma, a statement released by the South American country’s Embassy in Cuba said on Wednesday evening. Mr Granger, who has direct responsibility for petroleum in Guyana, arrived in...

(Bloomberg) Canada’s oil sector is divided over whether to force a temporary cut to production, with some major producers pushing the controversial idea in a bid to ease a supply glut and halt a steep plunge in prices, according...