(ABC) BHP and ExxonMobil are holding on to their ageing oil platforms in Bass Strait, off the Victorian coast, just 20 months after putting them on the market. The fields that make up the oil block include Australia's oldest and...

Norwegian billionaire Kjell Inge Roekke’s Aker Energy plans “significant” oil exploration and production in Ghana after a $100 million deal to buy Hess Corporation’s (HES.N) business there. Hess holds a 30 percent interest in the Stabroek Block offshore Guyana. Reuters reports...

(Reuters) - U.S. oil and gas producer Noble Energy Inc (NBL.N) reported adjusted quarterly profit on Tuesday that easily beat analyst estimates due to cost cuts and higher crude prices, sending shares surging more than 7 percent in morning...

The petroleum agreement between the Government of Guyana and Canadian-based CGX Resources Inc. (CGX Energy) stipulates 53 percent profit oil and 1 percent royalty for the South American country in the event the company makes a discovery and moves...

(Reuters) - Cyprus on Sunday accused the Turkish military of obstructing a ship contracted by Italian oil company Eni from approaching an area to explore for natural gas, highlighting tensions over offshore resources in the east Mediterranean. A spokesman for...

The first shipment of piping material to be used for oil production in the Liza development project offshore Guyana arrived on Wednesday evening at a shore base facility in the South American Country. This represents a major step towards the use...

Exxon Mobil Corporation has added 2.7 Bboe of proved oil and gas reserves in 2017, replacing 183% of production. ExxonMobil's proved reserves totaled 21.2 Bboe at year-end 2017. Liquids represented 57% of the reserves, up from 53% in 2016....

Guyanese public relations firm, Sagacity Media, and Canadian consultancy, the Caron Hawco Group, have joined forces, through a memorandum of understanding, to offer consulting services targeting Guyana’s oil and gas industry. Guyana Strategic Services will specialize in strategy communications,...

Totaltec Oilfield Services on Thursday held a ground breaking ceremony to inaugurate Guyana’s first oilfield service academy as the South American Nation prepares for first oil in 2020. Guyana’s Minister of Natural Resources, Raphael Trotman, has been designated Honorary Patron. Located alongside...

The inaugural Guyana International Petroleum Exhibition and Summit (GIPEX) 2018 got off to a spectacular start on Wednesday which participants say have exceeded their expectations and cemented GIPEX as the South American country’s largest petroleum summit to date. The more...