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GE Vernova's stock fell 10.5% to $614.19, contrasting with broad growth in the green hydrogen sector driven by clean energy incentives.
The U.S. Energy Information Administration forecasts that Brazil, Guyana, and Argentina will collectively increase oil production by 400,000 barrels per day, accounting for half of non-OPEC supply growth in 2026.
Equinor and its partners have approved a $395 million investment to develop the Isflak discovery, tying it back to the Johan Castberg field in the Barents Sea. This project aims to enhance production from the recently operational field, leveraging existing infrastructure to accelerate development and boost recoverable oil volumes.
ExxonMobil is implementing a layered technology strategy in the Permian Basin to fundamentally alter shale extraction economics. The initiative aims to double resource recovery, improve capital efficiency, and increase operational output from existing assets.