Hess Midstream stock drops on Chevron restructuring and lower 2027 outlook
Investing.com -- Hess Midstream Partners LP (NYSE:HESM) shares plummeted 15% in Wednesday trading after the company announced a major corporate restructuring with Chevron Corp (NYSE:CVX) that will establish it as an independent, multi-basin operator while significantly reducing its forward earnings outlook. Under the definitive agreement, Hess Midstream will acquire Chevron’s Denver-Julesburg (DJ) Basin gathering and storage assets and buy out Chevron’s entire equity stake, converting the compan
Valaris Secures Around $220 Million in New Offshore Drilling Backlog
Valaris Limited (NYSE:VAL) has secured new offshore drilling contracts and extensions representing approximately $220 million in additional backlog since its previous fleet status report on August 5, 2026. Among its floater awards, Valaris secured a two-well exploration contract with PETRONAS Suriname Exploration & Production B.
C-COM Announces Issuance of Stock Options
(TSXV:CMI) (OTCQB:CYSNF) C-COM Satellite Systems Inc. announced that, pursuant to the requirements of the TSX Venture Exchange, it has granted options to purchase 1,060,000 common shares of C-COM to officers of C-COM. The stock options were granted under the terms of C-COM's stock option plan and are exercisable at $0.86 per share, which was the closing price for the common shares on the TSX Venture Exchange on October 5, 2026. These grants are part of the overall annual remuneration package for officers. The stock option grants are subject to necessary regulatory approvals. C-COM Satellite Systems Inc. is a designer, developer, and manufacturer of transportable and mobile satellite-based antenna systems. The company has developed proprietary auto-acquisition controller technology for rapid antenna pointing to a satellite, enabling Broadband Internet via Satellite for a wide range of market applications worldwide, including regions unserved or underserved by terrestrial access technologies. C-COM has sold more than 11,000 antenna systems in over 100 countries through a dedicated dealer network. The company's products serve vertical markets such as Oil and Gas Exploration, Military Communications, Disaster Management, SNG, Emergency Communications, Cellular Backhaul, Telemedicine, Mobile Education, Government Services, and Mobile Banking. The company's iNetVu® brand is associated with high quality, reliability, and cost-effectiveness. C-COM is in the final stages of satellite testing and manufacturing of a potentially revolutionary Ka-band, electronically steerable, modular, conformal, flat panel phased array antenna. The company has developed this unique multi-orbit antenna with the intent of providing low-cost, high-throughput mobility applications over satellite for land, airborne, and maritime verticals over LEO, MEO, and GEO satellite constellations.