Oil estimates for the Guyana Suriname Basin, particularly Guyana's Stabroek Block, are being revised upwards, with Exxon's 35 discoveries believed to contain over 11 billion barrels of oil. Various ...

CGX Energy announced promising oil discoveries at the Wei-1 exploration well in the Corentyne Block, following the 2022 Kawa-1 discovery, bolstering Guyana's position in the global oil market. The new ...

Esgian provides an update on new contract awards for Greatship, Transocean, Noble and Stena Drilling in its Week 36 Rig Analytics Market Roundup.Report SummaryContractsGreatship has secured a contract ...

The Biden administration announced Sunday evening that it will indefinitely block fossil fuel drilling on 16 million acres of federal land in and around Alaska. News of the decision came through the ...

Add Yahoo as a preferred source to see more of our stories on Google. The Biden administration will cancel oil leases sold by the Trump administration in an Alaskan wildlife refuge and block new ...

Add Yahoo as a preferred source to see more of our stories on Google. Earthquakes continued to rumble the Permian Basin in West Texas and southeast New Mexico in late 2023, leading regulators on both ...

Peru is reducing royalties on oil and gas production to about 5 percent on average from the current 20 percent in order to encourage exploration amid slumping prices, the government said Wednesday.

The Nigerian Upstream Petroleum Regulatory Commission has said that the 220 open oil blocks scattered in various onshore and offshore basins across the country would be handed to concessionaires after ...