Latest Stories

US shale bankruptcies continue for Halcon, Sanchez

14 August 2019

Over the past week, both Halcon Resources and Sanchez Energy have separately filed for Chapter 11 bankruptcy protection.

Murphy reports Gulf push

14 August 2019

US independent Murphy Oil has announced that it is proceeding with three new projects in the deepwater US Gulf of Mexico.

Petrobras moves ahead with divestment programme

14 August 2019

Petrobras' plans to sell off some of its upstream assets play into a wider campaign to reorient the company's portfolio.

Eskom sizes up its debts

14 August 2019

Eskom’s chief restructuring officer is to take weeks not months to decide if the government can offer a $16.4bn bailout

Cuba prepares to battle ExxonMobil in US federal court

14 August 2019

Cuba’s government has indicated that it intends to contest a lawsuit filed earlier this year by the US super-major ExxonMobil.

Gran Tierra reports oil find at Colombia’s Acordionero field

13 August 2019

Calgary-based Gran Tierra Energy said last week that it had found crude oil in a well drilled at the Acordionero field in Colombia.

PdVSA-CNPC venture launches expansion project

13 August 2019

Sinovensa, a joint venture between Venezuela’s national oil company (NOC) PdVSA and China National Petroleum Corp. (CNPC), is taking steps to raise output levels significantly.

Tullow reports larger-than-expected oil find offshore Guyana

13 August 2019

UK-listed Tullow Oil has found crude oil – and in larger quantities than anticipated – in its first exploration well at the Orinduik block offshore Guyana.