The Society of Petroleum Engineers, Nigeria Council, has warned that awarding new oil blocks alone will not be enough to help Nigeria achieve its target of producing three million barrels of crude oil ...

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 ...

Two environmental groups Thursday asked the U.S. Department of the Interior to prevent companies from drilling for oil in the ...

The U.S. set aside 23 million acres of Alaska's North Slope to serve as an emergency oil supply a century ago. Now, President Joe Biden is moving to block oil and gas development across roughly half ...

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 ...

Add Yahoo as a preferred source to see more of our stories on Google. Biden blocks oil drilling on 10M acres in Alaska, including leases Trump sold The Biden administration will cancel oil leases sold ...

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.

After years of opaque allocations, Nigeria’s latest seven‑hour oil block bidding saw 31 winners from 143 bidders, but doubts over transparency and capacity persist as the 2026 round approaches, ...