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The oil and gas discovery was made at the Keskesi East-1 well, in Block 58 off the coast of Suriname.

By Joshua Kirby Total SE said Thursday that it has made a new oil-and-gas discovery at its Suriname site alongside partner Apache Corp. The discovery at the Keskesi East-1 well at Block 58 off Suriname's coast encountered 63 meters net pay of hydrocarbons, the French energy giant said. It follows previous discoveries at Maka Central, Sapakara West and Kwaskwasi in the same area. "We are also excited, as new operator of the block, to start the appraisal operations designed to characterize the 2020 discoveries, while in parallel start a second exploration campaign on this prolific...

NEW YORK (AP) — Stocks that moved heavily or traded substantially Thursday:

Markets Eager To Leave Political Madness Behind  Share   Share Trending Friday was an interesting session that saw profit-taking in some of the hottest industries since the March 23 rd bottom. Some of those funds trickled into traditional safe havens (Consumer Staples, Real Estate, and Utilities), but the rest found homes in other sectors with Consumer Discretionary leading the way. The market listened to reports that Senator Joe Manchin was not an automatic yes on a $2,000 household stimulus, and decided he was angling for something else. But his state of West Virginia has the lowest hous...

By Reuters Staff 2 Min Read (Reuters) - U.S. oil producer Apache Corp APA.O said on Thursday it plans to keep project spending next year flat or slightly lower than this year's $1 billion spending rate, as the COVID-19 pandemic continues to slash global oil demand. Oil companies continue cutting spending following pandemic-driven oil price drops. But U.S. service costs have fallen so much that Apache is sending some equipment back to work in the country’s top shale field, even as it continues to pin hopes on its offshore Suriname discovery. The company is adding two hydraulic fracturing cr...