Shares of Apache Corp. on Tuesday surged toward their biggest one-day gain in nearly 50 years, after the oil-and-gas company announced a “significant oil discovery” off the shores of Suriname, MarketWatch said in a report.
That prompted Bank of America...
Apache Corporation (NYSE, Nasdaq: APA) and Total S.A. (NYSE: TOT) today announced a significant oil discovery at the Maka Central-1 well drilled offshore Suriname on Block 58. The well was drilled using the drillship Noble Sam Croft with Apache as operator holding a 50%...
(Reuters) - Mexico has completed its annual oil hedging program for 2020 at $49 a barrel, the finance ministry said on Friday at a time when the finances of both the sovereign and state oil company Pemex are particularly...
Large sums of monies are being invested in bringing massive oil fields in Guyana and Brazil to development which will help to add significant volumes to South America’s production output in the new decade.
In an op-ed published on Forbes,...
Malaysian oil and gas company Petronas announced on Saturday the completion of the transaction for the acquisition of 50 per cent equity in the Tartaruga Verde producing field (BM-C-36 Concession) and Module III of the Espadarte field (Espadarte Concession),...
(Reuters) - Crude oil smudges have been spotted at some Brazilian beaches in the northeast state of Ceará, the country’s navy said on Monday, almost two months after the area was hit by another oil slick.
That was part of...
(Bloomberg) -- Oil is on track for the biggest yearly gain since 2016 as declining U.S. crude stockpiles eased oversupply concerns, and heightened geopolitical risk gave the commodity a boost.
Futures in New York held near a three-month high Monday....
CARICOM oil producers Guyana and Suriname signed a tourism agreement on Monday in Paramaribo that is intended to boost efforts in both countries to increase tourism and visitor arrivals between the two territories.
The Tourism Accord is viewed as a...
Oil held gains near the highest close in over three months after U.S. crude stockpiles declined more than expected, Bloomberg reported on Monday.
Futures were little changed in New York after capping a fourth weekly advance on Friday, the longest...
South America has the highest number of planned and announced floating production storage and offloading (FPSO) additions globally between 2019 and 2025, with 27 projects. This is followed by Africa, Asia and Europe with a respective 15, eight and...
