Chevron Corporation CVX recently disclosed that its oil and gas reserves have hit a decade low, highlighting the importance of its planned $53 billion acquisition of Hess Corporation’s HES stake in ...

In many regions of Africa where oil is believed to be present, extensive seismic surveys have pinpointed dozens of hidden ...

G2 Goldfields Inc. (“G2” or the “Company”) (TSX: GTWO; OTCQX: GUYGF) is pleased to announce it has entered into definitive agreements to acquire two highly prospective property packages in Region 7, ...

The good news about oil stock Exxon Mobil (XOM) is that it is not resting on its laurels, content to merely pump out the same ...

Ltd. ("Custos" or the "Company") is pleased to announce the completion of the previously announced farm-in by Chevron Namibia ...

BAGHDAD - The state-owned Iraqi Midland Oil Company said on Monday that it has discovered huge oil reserves in the East Baghdad oil field. Mohammed Yassin Hassan, director general of the company, said ...

The Odessa American is the leading source of local news, information, entertainment and sports for the Permian Basin.

Earnings from oil and gas production were $6.28 billion, up from $4.15 billion in the same quarter last year. Production, including from the Permian basin and lucrative projects in Guyana ...

Exxon’s low production costs in the basin and its lucrative and prolific projects in Guyana have bolstered the company’s profits despite lower oil prices and a decline in profits on making fuel. The ...

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The company plans to deploy the One Guyana FPSO at the Yellowtail field later this year, but ExxonMobil chief executive Darren Woods said first oil is now expected to flow a bit earlier.