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 ...

Brazil’s oil regulator is set to grant exploration rights in a promising offshore region where state-controlled oil producer ...

BP has made an oil discovery at the Far South field in the US Gulf of Mexico, it said today, as the energy major seeks to ...

BP and Chevron have made a new deepwater oil discovery in the western Green Canyon area of the US Gulf near to the producing ...