US supermajor ExxonMobil has started drilling a new appraisal well offshore Guyana, as it searches for additional oil and gas resources in the prolific Stabroek block. ExxonMobil in April 2022 ...

LONDON, Feb 9 (Reuters) - Shell needs an acquisition or exploration breakthrough to make up for an expected production shortage of 350,000-800,000 barrels of oil equivalent per day by 2035 due to ...

Betul, Goa: Cairn Oil & Gas, part of Vedanta Ltd, has found new reserves of natural gas below the Ambe gas field in western offshore that it had discovered many years back, the company said on ...

Shell plc confirmed gas in its 48/8b-3Z discovery well at the Selene prospect in the UK Southern North Sea, said license partner Deltic Energy PLC (25%) in an Oct. 31 release. The well, in the P2437 ...

Iran seized two foreign oil tankers in the Persian Gulf Thursday, accusing them of smuggling fuel and detaining 15 foreign crew members ahead of high-stakes U.S.–Iran talks Friday in Oman. Iran’s ...

Authorities can approve asset transfers, outsourcing of oilfield operation after sweetened terms New hydrocarbon tax introduced, income tax can be lowered for energy projects Oil ministry gains power ...

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