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July 30, 2020

Apache, Total Make Major Oil Find Offshore Suriname

Apache Corp and its joint venture partner Total on Wednesday said they had made their third oil discovery offshore Suriname. The “major oil discovery” was made […]
June 29, 2020

Guyana Short-lists 19 Companies to Market Its Oil

A group of 19 companies including oil majors, trading houses and state-run firms were approved by Guyana’s government for the next phase of a competitive process […]
June 8, 2020

Oil Prices Rise on OPEC+ Cuts. Brent at $42,8

Oil climbed on Monday after major producers agreed to extend a deal on record output cuts to the end of July and as China’s crude imports […]
May 19, 2020

Petronas Farms Out Part of Suriname Offshore Block to Exxon

Malaysian oil and gas company Petronas has completed the farm-down of a 50% stake in an offshore Suriname block to a subsidiary of ExxonMobil. The offshore […]
May 5, 2020

Guyana Has No Plans to Cut Crude Output

Guyana has no plans to cut crude output despite a plunge in oil prices, the government’s top energy official said on Monday, adding that shutting down […]
April 21, 2020

WTI crashes below $0 a barrel — a record low

By Jazmin Goodwin and Laura He, CNN Business Updated 5:52 AM ET, Tue April 21, 2020 New York/Hong Kong (CNN Business)Oil prices are still crashing after […]
April 3, 2020

Apache Makes ‘Significant’ Discovery Offshore Suriname

U.S. oil company Apache has said it has made a significant oil discovery at the Sapakara West-1 well drilled offshore Suriname on Block 58. This is […]
March 22, 2020

VLCC Volatility Brings Record USD 410K Fixture

The volatility in the tanker market sector has seen earnings for the very large crude carriers (VLCCs) skyrocket, bringing unexpected joy to tanker owners. The average […]
March 22, 2020

U.S. Offshore Oil Lease Sale Weakest Since 2016

A major sale of oil and gas leases in the U.S. Gulf of Mexico on Wednesday generated $93 million in high bids, the lowest total for […]