(CNN) President Donald Trump has fired Secretary of State Rex Tillerson and will nominate CIA Director Mike Pompeo to replace him.
"Mike Pompeo, Director of the CIA, will become our new Secretary of State. He will do a fantastic job!...
A Guyanese crew member working on the Noble Bob Douglas drillship that will soon depart the Gulf of Mexico to begin development of the Liza oil field in the South American nation is calling on his countrymen to get...
Hess Corporation continues to be encouraged by positive results coming out of Guyana where, in partnership with CNOOC Nexen and the operator - ExxonMobil - 3.2 billion recoverable barrels of oil have been confirmed from 5 out of a...
(Bloomberg) The debate over how to price natural gas is settled, at least for exporters, and oil-indexing should prevail.
Prices have to be linked to crude oil to keep expected revenue predictable, with some $8 trillion of investments in the...
PetroChina and Chevron Corp. have vied for the spot of third-largest publicly traded oil company -- after Exxon and Shell -- since mid-2016. As of Monday, PetroChina’s market capitalization has averaged almost $232 billion so far this year, compared...
Hess Corporation said on Thursday that its Board of Directors has authorized the purchase of $1.0 billion of Hess common stock by the end of 2018. The newly authorized program is in addition to the $500 million share repurchase program Hess announced in late...
The Guyana government believes the US$18M signing bonus it received from ExxonMobil - part of a modified 2016 Production Sharing Agreement (PSA) - is relatively high given the risks involved and the fact the country is still not a...
More oil discoveries offshore the South American country of Guyana are expected to be made as exploration continues on the back of an already discovered 3.2 billion recoverable barrels.
Industry Analyst Wood Mackenzie believes that globally, the most-favoured plays will...
(Reuters) - Colombia plans to award up to 15 oil blocks next month and will begin routinely offering onshore and offshore areas for exploration and production in May, the head of the country’s energy regulator told Reuters.
The move, Colombia’s...
(Bloomberg) There’ll be at least one home still welcoming fossil fuels in the face of a growing threat from cleaner resources, according to Royal Dutch Shell Plc.
Heavy industry relies on hydrocarbons to generate extremely high temperatures and chemical reactions,...