Exploration drilling at the Elektra-1 well in Block 5 of Cyprus’s Exclusive Economic Zone (EEZ) has concluded without the discovery of commercially viable quantities of natural gas ...

Upstream depends on being able to display ads on our services in order to finance our journalism.

An exploration drill by ExxonMobil offshore Cyprus has failed to find commercial quantities of natural gas, the island's ...

ExxonMobil's Elektra exploration well off the coast of Cyprus has been deemed uncommercial in a blow to the country's bid to develop offshore gas resources, the Cyprus Energy Ministry said on Monday.

Energy giant BP on Monday said one of its exploration wells had found oil in deep waters about 120 miles off the Louisiana ...

Drilling at the Elektra-1 well offshore Cyprus has found natural gas but not in marketable quantities, the energy ministry stated on Monday.“Well data and preliminary evaluation work indicate the ...

Hess' liquidity backstop is very strong. The firm has $1.2 billion in cash and more than $3 billion available on its credit facility as of the last reporting period. In addition, the term structure of ...

BP said it discovered oil at the U.S. Far South prospect in the Gulf of Mexico, with preliminary data supporting a ...

BP has announced a new oil discovery in the deepwater U.S. Gulf of Mexico, marking a boost to its upstream production ...