Kosmos Energy said on Wednesday it was abandoning the Pontoenoe-1 well offshore Suriname after failing to find oil.
This is the second dry well in a row drilled by the company in the Dutch-speaking South American country. The company came...
Ahead of Kuwait, Saudi Arabia, Brunei and Norway, the South American nation of Guyana, with a projected output of 700,000 barrels per day among just 770,000 people, is set to be the world’s largest oil producing country per person...
(Bloomberg) The International Energy Agency made a direct appeal to OPEC and other major oil producers to boost output, warning that prices are inflicting damage on the global economy.
“We should all see the risky situation, the oil markets are...
Abu Dhabi National Oil Company (ADNOC) and Baker Hughes, a GE company (BHGE:NYSE) on Monday, October 8, signed a strategic partnership agreement, that will enable and support the growth and development of ADNOC’s subsidiary, ADNOC Drilling, into a fully-integrated...
(Xinhua) -- The New Zealand government has introduced a bill to give effect to its decision to halt the offering of new offshore oil and gas exploration permits, and has kept its commitment to protect existing permits.
Prime Minister Jacinda...
Guyana’s Prime Minister, Moses Nagamootoo told a gathering of party supporters and candidates for the upcoming Local Government Elections in the South American country that responsible and honest leadership is needed at the local level to spend coming oil...
(Bloomberg) Even though Beijing hasn’t sanctioned American oil imports yet, Chinese buyers aren’t taking any chances.
The world’s second largest economy halted purchases of U.S. crude in August for the first time since September 2016, according to U.S. Census Bureau...
Guysons Oil and Gas Services has set the pace for potential suppliers in Guyana’s petroleum sector by becoming the first local company in the emerging industry to meet the requirements for International Organization for Standardization (ISO) ISO 9001:2015.
The announcement...
Mexico has installed perhaps the most comprehensive and complex energy rule changes in any nation, at any time, lifting strict state control over the oil and gas and electricity sectors, hoping for much more foreign investment.
And, it is for...
(Reuters) - Exxon Mobil Corp (XOM.N) is considering a multi-billion dollar investment at its Singapore refinery, the company’s largest, ahead of new global shipping fuel regulations starting in 2020, a senior executive said on Wednesday.
“We are currently assessing a...