Regional

The recent round of sanctions from the Trump administration has pushed the Venezuelan government to publish its oil prices in Chinese Yuan which has been seen as a fulfilled promise from President Nicolás Maduro to layoff the U.S dollar,...

(Reuters) - Higher investments in offshore oil production are critical to avoiding a supply squeeze by 2020, as expanding shale output will not match projected demand increases in the next few years, U.S. oil producer Hess Corp said on...

Tullow oil is hoping to strike it big offshore Suriname at the Araku oil prospect on Block 54, set to begin early this month. The UK-based oil and gas exploration company is targeting a Jubilee look-alike play in the continental...

Gulf Publishing Company, a leading media company and provider of market data for the international energy industry, on Sunday the Energy Web Atlas to provide the downstream energy sector with easy access to information about the Liquefied Natural Gas (LNG) industry. A...

(FSU) A team of research institutions led by Florida State University (FSU) has been awarded a $2.8 million grant to expand its understanding of how the 2010 Deepwater Horizon oil spill affected the ecology of the Gulf of Mexico. Eric...

Chevron Corporation announced Thursday that its Board of Directors elected Michael K. Wirth Chairman of the Board and Chief Executive Officer, effective February 1, 2018.  Wirth, who is currently vice chairman of the board and executive vice president of...

TechnipFMC has been awarded an Engineering, Procurement, Construction and Installation contract by Norwegian multinational oil and gas company, Statoil. It covers the execution of the subsea pipeline connection for the new production platform in Peregrino Phase II Project, located in...

Trinidadian Economist, Dr. Roger Hosein, is urging Guyana not to use oil revenue to create “make-work jobs” especially at elections time when politicians look to induce voters in order to secure their support.  The act of the State intervening...

(Reuters) - Exxon Mobil Corp vastly expanded its presence in Brazil on Wednesday, winning 10 blocks in the country’s 14th round of bidding for oil exploration and production rights, helping the cash-strapped nation fetch a record 3.8 billion reais...

Exxon Mobil Corporation announced Wednesday that it has added 22,000 acres to its Permian Basin portfolio since May through a series of acquisitions and acreage trades. Located in the highly prolific, stacked oil pay zones of the Delaware and...