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Exxon Strikes It Big In Guyana, Ups Resource Estimate To 8 Billion Barrels

ExxonMobil has revised upward its estimate of recoverable resources offshore Guyana by 2 billion barrels of oil equivalent to 8 billion oil-equivalent barrels, the U.S. supermajor said on Monday,?

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Iraqi Oil Field Resumes Production As Protests Subside

The Al Ahdab oil field in Iraq has resumed oil production after a week's suspension that followed protests from security guards at the field, Bloomberg reports. Production has resumed?

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Qatar Not Inclined To Lower LNG Prices To India

Qatar, the largest source of liquefied natural gas (LNG) for India currently, is not too keen to renegotiate the pricing of its long-term supply contract with India, Qatari Energy Minister?

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US, Russian Forces Face Off Near Syria's Oilfields

U.S. troops blocked on Sunday a Russian military convoy from accessing oilfields in Syria's northeast, in the fourth such skirmish in eight days, Turkish news outlet Daily Sabah reported.?

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2019's Rocky Oil Prices Made The World's Biggest Traders Billions

2019 may have been fraught with volatile oil prices, but the world's largest oil traders made a killing last year, Bloomberg reported on Monday. ?By all accounts,?

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Why Angry Alberta Landowners Want To Cut Off Power To Oil Drilling Sites

An Alberta association of landowners who have oil and gas sites on their properties has called on its members to cut off power to drilling sites of companies that?

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China Is Key To Global Fight Against Climate Change

China, the world's largest greenhouse gas emission emitter, will be the key to the global action to fight carbon emissions and climate change, leading environmental economist Lord Nicholas Stern

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Burning Trees For Heating Won't Help With Climate Change: UK Think Tank

A suggestion by the UK Committee on Climate Change to burn more wood and plant replacement trees as a sustainable alternative to fossil fuels has drawn criticism?

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Increased New Well Productivity Helped US Shale Growth In 2019

Rising productivity from new wells has driven U.S. shale production higher in recent years and higher in 2019, too, the Energy Information Administration (EIA) said on Friday. Last year,?

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Oil Firm's Banker Found Dead As Ex Sonangol Head Is Charged With Fraud

The manager of the account of Angola's state oil firm Sonangol at a Portuguese bank was found dead in Lisbon on Wednesday, just before he was named as a?

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