Challenger Energy Group has entered into a farm-out agreement with Chevron Uruguay Exploration (a wholly-owned subsidiary of Chevron) for a 60% interest in the AREA OFF-1 block in Uruguay in a

Isle of Man-headquartered oil and gas player Challenger Energy Group (CEG) has formally signed a license for a shallow water exploration block off the coast of Uruguay. Aside from embarking on technical

CEG Uruguay, a subsidiary of the Isle of Man-headquartered oil and gas company Challenger Energy Group (CEG), is in the process of selling a partial stake in a shallow water

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