(Oil Price) Norway saw the highest number of oil and gas discoveries in the third quarter, with six out of the 38 oil and natural gas finds made around the world, data and analytics company GlobalData said in a new...

(Reuters) BP Plc (BP.L) wants to be part of an effort to build up natural gas infrastructure in Brazil, an executive said on Tuesday, and believes a power plant it is building in Rio de Janeiro could eventually be...

Oil major BP’s major gas discovery at the Orca-1 exploration well, which is located in the BirAllah area in Block C8 offshore Mauritania, could be the largest deepwater find this year. The well, located in the BirAllah development, was drilled...

(Reuters) - Germany’s Siemens expects revenue from its oil and gas division in Brazil in 2020 to double compared to 2018 levels, an executive said on Thursday, citing upcoming oil auctions that could total around $26 billion. The company does...

Brazilian oil company Petrobras said Friday its third-quarter crude oil and natural gas output was 16.5% higher year on year, amid record-setting production from subsalt fields. State-led Petrobras, which has been was completing the installation of seven new floating production...

(S&P Global Platts) Brazilian state-led oil company Petrobras completed the sale of onshore oil fields in the Potiguar Basin and put several exploration blocks in the Reconcavo Basin up for sale as the company continued to shed onshore assets...

Dutch firm SBM Offshore has commenced the construction phase of the Liza Unity floating production, storage and offloading vessel (FPSO) following ExxonMobil’s final investment decision (FID) on the Liza Phase 2 development, in May 2019. This follows the recent delivery...

US oil major ExxonMobil is targeting two new wells on its Stabroek Block following the company’s 14th discovery announced last week at Tripletail. Tullow Oil, which announced the Jethro-Lobe discovery on the Orinduik block in August quickly followed it...

More and more Guyanese are entering the world of work in Guyana’s emerging oil and gas industry, even as the debate over the proposed local content policy continues in the country. To this end, 26 Guyanese recruits on September 12...

(Offshore Energy) As part of the first cycle of the permanent round, the country’s regulator, the National Agency of Petroleum, Natural Gas and Biofuels (ANP), auctioned 33 blocks in the Sergipe-Alagoas, Parnaíba, Potiguar and Recôncavo basins, and 12 areas...