Shares in Tullow Oil soared almost 20% yesterday after the exploration and production firm announced an oil discovery offshore Guyana.
The global market for floating production, storage and offloading vessels (FPSOs) is headed for a major renaissance, according to Rystad Energy.
Guyanese authorities have approved a plan presented by CGX Energy and its partner Frontera Energy to re-sequence the work programme for the offshore Corentyne block.
PG&E Corp., the California utility giant that went bankrupt in January amid crippling wildfire liabilities, has reached a deal with some of its power suppliers that would cut the prices it pays for their electricity.
Engineering and procurement firm Worley announced today it has been awarded the hook-up and commissioning deal for BP's Mad Dog 2 project in the Gulf of Mexico.
Shell has made a final investment decision (FID) for the PowerNap deep-water project in the US Gulf of Mexico.
Houston-headquartered energy service firm Halliburton has been handed a contract by Petrobras for pre-salt development in the Santos Basin, offshore Brazil.
Shell has completed the sale of a 22.45% non-operated interest in the Caesar-Tonga asset in the US Gulf of Mexico to Equinor.
Vista Oil & Gas has raised US$107 million in a primary public share offering aimed at funding shale drilling work in Argentina, where it has set ambitious targets.
Jim Crane, the former All-American pitcher who owns the Houston Astros, was voted off of Nabors Industries Ltd.’s board by shareholders. The world’s biggest owner of land-drilling rigs says it wants him to stay.
Qatar Petroleum has agreed a deal with Total to buy stakes in two blocks offshore Guyana.
The Trump administration is allowing Chevron to continue operating in Venezuela at least until October despite US sanctions aimed at ousting President Nicolas Maduro by choking off revenue from the world's largest crude reserves.
Pressure is mounting on U.S. President Donald Trump to end Chevron Corp.’s 100-year presence in Venezuela as he seeks to exert maximum pressure on the embattled regime of Nicolas Maduro.
America’s biggest owner of drilling rigs fell the most in seven months after the chief of Helmerich & Payne Inc. said he called the bottom too soon.
As Blake Roberts bounced along a single-lane dirt road in his red Ford Super Duty pickup he pointed to a pumpjack bobbing in the West Texas heat.
Houston oilfield service company Halliburton said it cut 8 percent of its North American workforce as it took fleets of hydraulic fracturing equipment from the field in response to a continued slump in demand for fracking services in the United States and Canada.
Occidental Petroleum sent a letter to its shareholders Monday asking them to reject the board takeover bid pushed by activist investor Carl Icahn.
Guyana’s plans to raise oil and gas royalties may “diminish attractiveness” to future investors, according to new analysis.
A cofounder of WildHorse Resource Development has formed the new WildFire Energy in Houston with more than $1 billion in backing from two major private equity firms.
Callon Petroleum will acquire Carrizo Oil & Gas at a price tag of more than $1.2 billion in a combination of two Houston oil producers.
A Houston oil executive was sentenced to state prison for defrauding investors who thought they were paying for the drilling and testing of wells -- but instead paid the executive's mortgage.
Chevron Corp. is seeking approval to modify its plans for a liquefied natural gas export facility on Canada’s Pacific Coast to an all-electric design that it says will result in the lowest greenhouse-gas emissions per ton of LNG of any large project in the world.
Shareholders of Anadarko Petroleum will get to vote Aug. 8 on whether to approve the pending $38 billion acquisition of The Woodlands oil and gas producer by Occidental Petroleum, the company announced late Thursday.
The top Big Oil operators in the Gulf of Mexico said Tuesday they are evacuating workers from most of their deepwater platforms in response to this hurricane season's first looming disturbance in the area.
Two new petrochemical projects are underway along the Gulf Coast as the sector’s second wave of expansion rolls on, despite analyst projections of abundant supplies, lower prices and a potential industry downturn in the coming years.