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Houston-based exploration and production firm Hess will lay off 300 workers as part of its companywide cost reduction program announced…
Friday, 05 January 2018 10:51

Exxon touts further Guyana success

The sixth time seems to be the charm for Exxon and its partners at the Stabroek block offshore Guyana. The…
Friday, 22 December 2017 09:29

Aker BP completes Hess, Pandion deals

Operator Aker BP has completed an acquisition of Hess Norge, which owns 10% stakes in the Norwegian North Sea Valhall…
Wednesday, 29 November 2017 04:24

Hess completes Equatorial Guinea sale to Kosmos

Hess Corp. has completed the sale of its interests in offshore Equatorial Guinea to Kosmos Energy and Trident Energy for…
Hess has shut in production at its Baldpate, Conger and Penn State fields in the deepwater Gulf of Mexico in…
Monday, 13 November 2017 02:50

Hess sells deepwater Equus to new Auz outfit

A newly formed Australian gas company has acquired Hess' Equus deepwater project offshore Western Australia.  Western Gas said Equus, which covers…
Tuesday, 31 October 2017 18:27

Digital enables Hess’ Stampede journey

Stampede subsea layout. Photo from Hess. A combination of LEAN business practices, technology, and a digital approach will enable Hess…
Published in OE Exclusive
Reduced spending for oil and gas exploration is limiting availability of quality deepwater assets for merger and acquisition (M&A) deals,…
Tuesday, 24 October 2017 03:08

Hess inks $2 billion Norway sale

Aker BP has agreed to buy Hess Norge, which includes major stakes in the Valhall and Hod fields, from Hess…
Kosmos Energy entered Equatorial Guinea with a splash by acquiring Hess' 85% stake in two long-producting oil fields for US$650…
Thursday, 05 October 2017 08:53

ExxonMobil makes fifth Guyana discovery

ExxonMobil has further confirmed the potential of the Stabroek block offshore Guyana with a fifth oil discovery in the Turbot-1…
Monday, 31 July 2017 08:45

Hess to start up North Malay in Q3

Map of North Malay basin, from Hess. Hess Corp. is ready to start production at its North Malay basin project…
Published in OE Press: 2017 / July
Thursday, 13 July 2017 12:37

Exxon JV inks Block 59 deal off Suriname

ExxonMobil is preparing exploration activities offshore Suriname, after signing a production sharing contract (PSC) with Suriname’s national oil company Staatsolie…
Published in OE Daily: 2017 / July
Suriname's oil agency Staatsolie has agreed to award a production sharing contract for offshore Block 59 to a consortium consisting…
Published in OE Daily: 2017 / June
ExxonMobil and partner Hess have made a final investment decision to proceed with a US$4.4 billion first phase of development…
Published in OE Daily: 2017 / June
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