UK broker Braemar is predicting an oversupply of crude tanker tonnage in the Atlantic as Venezuela halts exports to the US.

Maurel & Prom, a French oil company, reported a sharply reduced first-quarter growth rate on Thursday. Revenues declined in its main oil fields of ...

French oil group Maurel & Prom (M&P) reported an increase in cash generation in end-March from the previous quarter on Thursday, allowing it to maintain a firm growth outlook even as its sales dropped ...

French oil group Maurel & Prom (M&P) reported a sharply lower first-quarter sales growth on Thursday, as revenue declined across its main oil and gas fields in Gabon, Angola and Tanzania. Consolidated ...

Consolidated revenue dropped 70% year on year to $64 million for the quarter ended March 31, compared with a 12% increase a year earlier. M&P was also impacted by lower oil prices, down 11% ...

M&P’s total working interest production in Q1 2025 amounted to 38,534 boepd, at its highest historical level and an increase ...

BUDGET planners will be relieved with the news that gas extraction is about to start at three new wells at the Mnazi Bay ...

The drilling, which will run through to 2026, follows the company’s October 2024 announcement of an $80 million ...

GAS extraction is about to start at three new wells at the Mnazi Bay block in Mtwara Region, adding over 30m standard cubic ...

Chevron Corporation’s CVX operations in Venezuela have hit a major roadblock as state-owned oil firm PDVSA abruptly canceled export authorizations for several of its vessels due to payment uncertainty ...

The country’s dollar bonds rose and were among the top performers in emerging markets on Monday. Notes due 3031 with 6.625% coupon gained 4.3% to 68.15 cents on the dollar at 10:25 a.m. in London, ...

The Dragon and Cocuina-Manakin natural gas offshore projects were seen as strategic by both Venezuela and Trinidad and Tobago ...