As the search for oil intensifies off the coast of Dutch-speaking Suriname, Managing Director and CEO of state oil company Staatsolie Maatschappij Suriname N.V., Rudolf Elias, is confident that a discovery will eventually be made. “It's not a question of...

US oil major ExxonMobil said on Wednesday it intends to cut back on natural gas flaring by 25% and methane emissions by 15% in less than two years. The announcement is part of the company’s greenhouse gas reduction measures which...

(Amsterdam News) Jamaica is fancying its chances of becoming the latest Caribbean Community nation after Guyana to find commercial quantities of oil and gas in the wake of encouraging indications from the most recent round of offshore surveys. Jamaican authorities...

(Platts) The surprise outcome of Malaysia's historic 2018 elections has elevated risks for the oil and gas sector in Southeast Asia, stemming from the winning coalition's stance on fuel subsidies, its position on Chinese business investment and potential interference...

The success story unfolding offshore Guyana where ExxonMobil Corp. has made seven oil discoveries coupled with recent wins by Chevron Corp., Total SA and Royal Dutch Shell Plc in the Gulf of Mexico (GoM) plus others offshore Norway and...

Hess Corporation (NYSE: HES) has earned a place as the No. 1 oil and gas company on Corporate Responsibility magazine’s prestigious list of 100 Best Corporate Citizens for 2018. The annual list recognizes public companies across the United States that demonstrate...

Eco (Atlantic) Oil & Gas Ltd. says it is encouraged to date by the quality of data received and interpretations being made based on the 3D seismic survey conducted on the company’s Orinduik Block, offshore Guyana. Data collected and...

ExxonMobil Guyana Tier 1 contractor Saipem has been awarded new contracts in Offshore Drilling involving the sixth-generation semi-submersible rig Scarabeo 8, suitable for harsh environments. Drilling activities will take place offshore Norway, and will last approximately 10 months, excluding...

The most advanced survey ever to be carried out in search of petroleum in Jamaica is just over 45% complete after which an analysis of the data will be undertaken to determine the findings. According to an April 19 report...

Eighteen bidders took part in China National Offshore Oil Corp’s (CNOOC) liquefied natural gas (LNG) auction on the Shanghai Petroleum and Gas Exchange on Wednesday, an official at the state-controlled oil company involved in the sale said. The 90,000 tonnes...