The discovery of offshore oil has changed the fortunes of many countries, with Guyana the most recent example: the South American nation is the economy with the highest growth rate

Oil prices rose on Monday as investors focused on a tighter supply outlook after Moscow issued a temporary ban on fuel exports while remaining wary of further rate hikes that

The National Administration of Fuels, Alcohol and Portland (Ancap) is set to agree final terms for a record seven offshore exploration licenses next month, in proposals that have attracted the attention of

Oil prices rose for a third straight session on Monday, buoyed by forecasts of a widening supply deficit in the fourth quarter after Saudi Arabia and Russia extended cuts and

Oil prices jumped about 2% to a near 10-month high on Tuesday on a tighter supply outlook and OPEC optimism over the resilience of energy demand in major economies. Brent

Oil prices edged higher on Thursday, after industry data showed U.S. crude oil inventories were expected to have fallen last week, signaling tightening supplies on top of extended production cuts

Challenger Energy Group PLC on Wednesday said it secured a £3.3 million funding facility, initially drawing down £550,000. This was alongside announcing an extension of completing the sale of an

Despite a second consecutive week of decline, oil prices rose slightly on Friday, with Brent crude up 0.4% at $83.66 a barrel and U.S. West Texas Intermediate crude up 0.4%