This new venture is expected to significantly boost the country's oil output and joins three other projects already in ...

Brazil’s Petrobras is studying the possibility of contracting new floating production, storage and offloading vessels to ...

Brazilian oil giant Petrobras plans to take a new approach to the Marlim Sul-Marlim Leste joint development in the Campos ...

ExxonMobil has significantly increased Guyana's oil production capacity with the launch of the Yellowtail project, bringing ...

Guyana’s oil production capacity has grown to over 900,000 barrels per day (bpd) as Exxon Mobil Corp. and its partners in the ...

The floating vessel named One Guyana brings the joint venture a step closer to its target of 1.7 million barrels of oil ...

Yellowtail Project has commenced production safely ahead of schedule, according to CNOOC (00883.HK)'s announcement. The project is located in the Stabroek Block offshore Guyana, with water depth of 1, ...

Oil prices edged higher on Monday, after falling more than 4% last week, as investors looked ahead to talks between the U.S. and Russia later this week on the war in Ukraine.

While Maybank expects a better 2HFY2025 for the group, future projects and margins may be impacts by oil prices.

Oil prices fell on Monday, extending last week's more than 4% decline, as investors looked to talks between the U.S. and Russia later this week on the war in Ukraine.

Ahead of the Putin and Trump meeting in Alaska on August 15, 2025, the global oil prices declined by 4 per cent in a week, signalling a two-month low.