U.S. oil producer Hess Corp has decided to withdraw from Suriname's offshore Block 59, the South American nation's state oil firm Staatsolie said on Tuesday, adding the block would now return to ...

“[N]ot many offshore oil and gas blocks in Vietnam possess both large-scale commercial oil and gas fields. Block 15-1 is one of the few rare exceptions”, PetroVietnam said.

The impact on the climate would be severe if this oil field (block FZA-M-59) were to be opened. Not only would this field result in substantial emissions, ...