Galp and TotalEnergies are advancing major offshore oil projects in Namibia's Orange Basin, signaling a transformative shift toward commercial production in one of Africa’s newest hydrocarbon ...

Having taken FID on GranMorgu last fall, TotalEnergies remains the front-runner offshore Suriname, but some peers and state oil firms plan exploration drilling.

Dutch floating production specialist SBM Offshore is actively positioning itself in Namibia, the world’s new hot spot for developing huge offshore oil discoveries, building an in-country ...

Chevron Corp. (NYSE: CVX) on Friday closed its $53 billion purchase of Hess Corp., winning a protracted legal fight with Exxon Mobil (NYSE: XOM) that centered on prized offshore oil fields in Guyana.

Chevron finalizes $55B deal for Hess, ending dispute with Exxon over Guyana oil field stake By Rachel Nostrant, Staff writer Updated July 18, 2025 3:07 p.m.

The oil project's riches have not only attracted the attention of oil majors such as Chevron but also that of countries such as Venezuela.

Drones have attacked oil fields in Iraq's Kurdish region, damaging facilities and halting operations. Kurdish authorities said two drones struck an oil field in Zakho on Wednesday, causing damage but ...

Guyana and Suriname have emerged as the ultra-deepwater frontiers for offshore oil and gas, backed by significant investment in recent years from the world’s biggest oil companies. Since oil was first ...

U.S. oil producer Hess Corp has decided to withdraw from Suriname's offshore Block 59, the South American nation's state oil firm Staatsolie said on Tuesday, adding the block would now return to ...

TotalEnergies EP Suriname BV has let an operations and maintenance contract to SBM Offshore for the GranMorgu FPSO as part of the field development project in Block 58 in Suriname.

SBM Offshore announced it has signed an operations and maintenance contract with a TotalEnergies affiliate in Suriname for the FPSO GranMorgu, as part of the field development project located in Block ...