(Reuters) - U.S. oil producer Exxon Mobil Corp is drilling in a new area offshore of Brazil that could have as much as 1 billion barrels of oil and gas, its partner Murphy Oil said on Tuesday. If exploration is successful,...

Suriname has taken another stride towards rivaling emerging hydrocarbons powerhouse and neighbor Guyana after TotalEnergies revealed yet another oil and gas discovery on Block 58, its fifth on the prolific tract and Suriname’s sixth offshore, Rystad Energy said in...

Phase-out Pathways for Fossil Fuel Production - a 77-page analysis commissioned by an independent think tank, has determined that rich countries such as the United States of America (USA), Norway, and Saudi Arabia must exit oil production first to...

Guyanese geoscientist Ashlika Persaud says she has a deep desire, and that is to do right by her company – ExxonMobil - and her country, where the discovery of massive amounts of oil since 2015 has placed the South...

The latest Competent Person’s Resource (CPR) Report, compiled by Letha C. Lencioni of WSP USA Inc., shows that in terms of oil, the Orinduik Block holds a best estimate of 8.1 billion barrels of Unrisked Prospective Resources. It also holds a...

Authorities in Guyana say the country is committed to supporting an aggressive exploration and production programme off of its coast since it sees revenues coming in from the oil and gas sector as playing a key role in the...

Guyana has a tremendous record in environmental protection due to State policies and the ecosystem and carbon sequestration services that its forests provide. Considering this, Georgetown businessman, Timothy Tucker, is urging hardline environmentalists to exercise compromise for the benefit...

(S&P Global Platts) Multiyear highs of crude oil and natural gas prices are a price of standing up to Russia for its ongoing war in Ukraine, John Kerry, US special presidential envoy for climate, said March 7 at CERAWeek...

The Private Sector Commission (PSC) of Guyana and the Suriname Trade and Industry Association held the first meeting of the Guyana-Suriname business council in Paramaribo after it was formed to tackle several broad, ambitious cooperation objectives. The council consists of...

Eco (Atlantic) Oil & Gas Ltd. (AIM: ECO, TSX ‐ V: EOG), announced on Monday that it has signed a Commercially Binding Term Sheet to acquire 100% of JHI Associates Inc., including JHI's 17.5% Working Interest (WI) in the Canje Block offshore Guyana. The deal...