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Hedge fund Elliott prepares second challenge to Hess Corp

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(Reuters) - Elliott Management Corp is readying for a new fight with Hess Corp (HES.N) to remedy what the activist hedge fund called on Thursday “continuing underperformance” by the U.S. oil and gas producer. This would be the second time...
News

Trump to open door for Atlantic drilling

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(Bloomberg) The Trump administration is preparing to unveil as soon as this week an expansive offshore oil plan that would open the door to selling new drilling rights in Atlantic waters, according to people familiar with the plan. President Donald...
News

Petrobras, ExxonMobil in strategic alliance

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Petrobras and ExxonMobil today signed a memorandum of understanding regarding a strategic alliance to jointly identify and evaluate potential business opportunities. The memorandum of understanding was signed in Rio de Janeiro today by Pedro Parente, president of Petrobras, Brad Corson, president of...
News

ExxonMobil makes discovery off Equatorial Guinea

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Fresh off its Turbot-1 well discovery in the South American nation of Guyana, ExxonMobil has made a discovery at the Avestruz-1 well drilled offshore Equatorial Guinea, though the commerciality of the find is still to be determined. The well was...
Opinions

Of Disclosures and Confidentiality

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The public enjoys the right, not a privilege, to know about the decisions of its elected representatives and the government, which is acting on their behalf.  The exercise of this right is, however, circumscribed by a range of sensitive...
News

Chevron projects $18.3B spending budget, down 4 percent

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Chevron Corp (CVX.N), the second largest U.S.-based oil producer, is budgeting $18.3 billion for capital projects next year, the company said on Wednesday, about 4 percent less than this year and lower for a fourth year in a row. International...
News

MSGB Basin shows new West African promise

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(Hart Energy) At night from space it’s easy to see why Africa is called the “Dark Continent,” but bright oil and gas lights are starting to flicker in West Africa, reflecting huge hydrocarbon potential that could still play an...
News

Petrobras: New Mero field contains 3.3 billion barrels of oil

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(Offshore) Brazilian oil company Petrobras has declared commerciality of the field in the Libra Northwest area, in the pre-salt of Santos Basin off Brazil, renaming it Mero. Namely, Petrobras said in its statement last Thursday that it had submitted the declaration...
News

Statoil delivers $5.9B plan for Arctic Johan Castberg Project

OilNOW -
Statoil and partners have delivered to Norwegian authorities a $5.9 billion development plan for their massive Arctic Johan Castberg oil discovery, having halved costs for the project that now has a $35-per-barrel breakeven price. The development, which Statoil calls the biggest...
News

TechnipFMC, Samsung awarded US$4.2B by Bahrain Petroleum Company

OilNOW -
TechnipFMC said on Monday it has been awarded a US$4.2B contract, jointly with Samsung Engineering and Tecnicas Reunidas, from Bahrain Petroleum Company (Bapco) for the Bapco Modernization Program (BMP). TechnipFMC awarded Subsea Contract for Liza deep water project The project is located...
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MODEC’s Guyana contract drives 1,327% surge in orders for 2025

Japan-based floating production specialist MODEC Inc. has reported strong results for the first nine months of 2025, driven by...

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