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 ...

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 ...

News of the decision came through the Interior Department, which announced plans to bar drilling on nearly 3 million acres of the Beaufort Sea in the Arctic Ocean off the northern coast of Alaska and ...

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.

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 ...

FILE - A ship creates an artificial island by extracting offshore sand to create a coastal port for offshore oil production at the mouth of the Demerara River in Georgetown, Guyana, April 12, 2023.

New Delhi: India is likely to offer 21 blocks for prospecting of oil and natural gas in the next bidding round under Open Acreage Licensing Policy (OALP), according to the Directorate General of ...