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Despite the dire predictions of peak oil demand, which will is expected to arrive during the next decade as the world transitions to a low-carbon economy, international energy companies are investing heavily in fossil fuel exploration and production. One region which has caught the world by surprise and is attracting significant attention is the Guyana-Suriname Basin. A swathe of world-class discoveries by ExxonMobil in offshore Guyana sparked considerable interest in the Guyana-Suriname Basin, which after poor drilling results during the 1960s and 1970s saw it largely ignored by energy companies. Recent discoveries with estimated recoverable oil resources of more than...

SAN RAMON, Calif. & NEW YORK, October 23, 2023 — Chevron Corporation (NYSE: CVX) announced today that it has entered into a definitive agreement with Hess Corporation (NYSE: HES) to acquire all of the outstanding shares of Hess in an all-stock transaction valued at $53 billion, or $171 per share based on Chevron’s closing price on October 20, 2023. Under the terms of the agreement, Hess shareholders will receive 1.0250 shares of Chevron for each Hess share. The total enterprise value, including debt, of the transaction is $60 billion.

4 ‘African Socialists’ charged with election meddling for Russia after FIB raided their homes Four American socialists have been charged with election meddling and spreading Putin’s propaganda after they were arrested in dramatic FBI raids. The four, are members of the African People’s Socialist Party. Omali Yeshitela, the group’s chairman was one of the 4 Americans indicted Tuesday for “sowing discord, spreading pro-Russia propaganda and interfering in elections within the United States.” The DOJ says that the 81-year-old veteran leader of the far-left group conspired along with three others to help Russian efforts to meddle in elections. Yeshitela has called...

Fascinating final pictures of Hitler's deputy Rudolf Hess have been found and put on sale along with a note to his son about his mysterious flight to Britain to try to end the war. The never-before-seen images show the former deputy Fuhrer as a frail and elderly man in the grounds of the infamous Spandau Prison. Hess spent 41 years in the West Berlin jail after the war, when he was convicted of crimes against peace and sentenced to life behind bars. The Nazi hung himself aged 93 in 1987 in the summer house that had been built for him...

Full Title: Announced Closure of Hess Corp.'s Port Reading Refinery Not Seen Having Major Impact on Gasoline Markets This Week In Petroleum On January 28, Hess Corp. announced plans to close its Port Reading, New Jersey, refinery by the end of February. Port Reading further processes feedstocks produced by other refineries. Futures prices for reformulated blendstock for oxygenate blending (RBOB) rallied on the news, as markets considered the impact the closure would have on gasoline supply to the Northeast (PADDs 1A and 1B) in the coming months. Given the refinery's location in New York Harbor, an actively traded physical market,...

This story went mostly under the radar, but it will have some implications for many people on the east coast and for the industry in general further down the line. Without much fanfare, Hess recently announced that they were selling off their last commercial refinery, located in New Jersey. Their stated reasons are clear enough, but there’s a bit more to the story. Hess Corp.’s Port Reading, N.J., refinery—the company’s first and last such facility—will close its doors at the end of next month as the company gets out of the refining business to focus on more-profitable exploration and production...

Explanation: The largest of its kind, the High Energy Stereoscopic System (H.E.S.S.) II telescope stands in the foreground of this photo. Tilted horizontally it reflects the inverted landscape of the Namibian desert in a segmented mirror 24 meters wide and 32 meters tall, equal in area to two tennis courts. Now beginning an exploration of the Universe at extreme energies, H.E.S.S. II saw first light on July 26. Most ground-based telescopes with lenses and mirrors are hindered by the Earth's nurturing, protective atmosphere that blurs images and scatters and absorbs light. But the H.E.S.S. II telescope is a cherenkov telescope,...

BERLIN — The bones of Adolf Hitler's deputy, Rudolf Hess, have been removed from their grave in a small Bavarian town that had become a pilgrimage site for neo-Nazis. Before dawn Wednesday, workers exhumed Hess's bones from the grave in the Wunsiedel cemetery, then cremated the remains and scattered them secretly in a lake, whose name and location are not being divulged, cemetery administrator Andreas Fabel told The Associated Press.

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C-Span's Brian Lamb had UPI war correspondent Pamela Hess on as his Friday "close the show guest". The interview lasted some time, she took calls and I got to see about half of it.

<p>WASHINGTON — Speeches by President Bush in recent weeks before military audiences about the Iraq war debate have raised questions about partisan issues being brought up in front of U.S. Armed Forces.</p> <p>While polls may show Bush lagging in popular approval, the U.S. military views the commander in chief warmly, and he shows a likewise appreciation.</p>

MI5 uncovered a secret Polish plot to assassinate Rudolf Hess after his landing by parachute in Scotland during the Second World War, according to newly disclosed evidence. The arrival of Hitler’s deputy near the Duke of Hamilton’s Lanarkshire estate in 1941 raised the question of whether British intelligence or members of the aristocracy were trying to broker a secret peace deal with the Nazis. Although such conspiracy theories subsequently proved unfounded, some British-based Polish soldiers feared Hess’s arrival showed their country was being sold down the river. After Germany’s invasion of Poland in 1939, many soldiers escaped to Britain and...

It was one of the most bizarre episodes of the Second World War. When Hitler’s deputy, Rudolf Hess, landed by parachute in 1941 near the estate of the Duke of Hamilton in Lanarkshire, it raised the question of whether British intelligence or members of the aristocracy were trying to broker a secret peace deal with the Nazis. But recently declassified MI5 files shed more light on Hess’s mysterious flight to Scotland, and finally prove the conspiracy theories to be unfounded, according to the duke’s son, Lord James Douglas-Hamilton, the Lothians MSP. The Conservative peer said yesterday that the new MI5...

Thousands of Nazis march through German town to honour Rudolf Hess BERLIN (AP) - Some 3,800 Nazis gathered Saturday for a march in memory of Adolf Hitler's deputy, Rudolf Hess, in the Bavarian town where he is buried, German police said. The march in Wunsiedel was met by several hundred counter-demonstrators, who at one point halted it by staging a sit-down blockade. Although no clashes were reported, police said they detained 110 people -74 of them Nazis. Marchers were detained for displaying outlawed Nazi symbols and carrying weapons or pepper spray, police spokeswoman Beate Weiss said. Some 1,000 officers were...

Astronomy Picture of the Day Discover the cosmos! Each day a different image or photograph of our fascinating universe is featured, along with a brief explanation written by a professional astronomer. 2002 September 6 HESS Gamma-Ray TelescopeCredit: The HESS Collaboration Explanation: Most ground-based telescopes with lenses and mirrors are hindered by the Earth's nurturing, protective atmosphere that blurs images and scatters and absorbs light. But this telescope was designed to detect extreme gamma rays - photons with over 100 billion times the energy of visible light - and actually requires the atmosphere to operate. As the gamma rays impact...