INEOS Energy on Thursday announced the sale of its oil and gas business in Norway to Poland's PGNiG for $615 million. The deal includes all INEOS Oil & Gas interests in production, licenses, fields, facilities and pipelines, on the Norwegian continental shelf…
INEOS E&P, a part of INEOS Energy, said Thursday it had entered into an agreement to acquire the U.S. oil firm Hess' subsidiary Hess Denmark for a total consideration of $150 million. Hess said it would use the cash on its operations in Guyana…
Denmark's oil and gas output from the North Sea will fall faster than currently projected because the country's decision to phase out hydrocarbon production will lead to lower investments, the climate, and energy minister said on Friday.Denmark…
U.S. oil firm Hess has completed the sale of its interest in the U.S. Gulf of Mexico Shenzi deepwater oil field to BHP for $505 million.The deal, announced in October, sees BHP taking over Hess' 28 percent stake in the six-lease development in the U…
Malaysian offshore services firm Handal Energy has won a contract with Carigali Hess Operating Company to provide crane maintenance services.Handal said Tuesday that the contract had been awarded to its subsidiary Handal Cranes.Under the contract…
U.S. oil company Hess has agreed to sell its 28 percent interest in the Shenzi field in the deepwater U.S. Gulf of Mexico to BHP for $505 million, and use the cash for Guyana operations.Shenzi, a six-lease development in the U.S. Gulf. is currently operated by BHP with a 44 percent stake…
Hess Corp's chief executive on Wednesday said he is optimistic the recently elected government of Guyana will issue by the end of September a production license for the third phase of a major offshore oil project.The South American nation has…
The U.S. oil major ExxonMobil has recently discovered two more high-quality oil reservoirs offshore Guyana, Hess, the company's partner in the prolific Stabroek block said Wednesday.To remind, back in January, ExxonMobil said it had struck its 16th oil discovery in the offshore block in Guyana…
U.S. oil and gas producer Hess Corp reported a bigger quarterly loss on Wednesday, hurt by lower oil prices as the COVID-19 pandemic sapped global energy demand.Crude prices sank to historic lows in April as economic activity plummeted across…
Malaysian offshore services provider Tanjung Offshore has secured a contract with Carigali Hess Operating Company, a Malaysian subsidiary of the U.S. oil company Hess Corp.The contract is for the provision of onshore fabrication, offshore hook-up and commissioning for infill flowlines…
U.S. oil company Hess Corporation has cut its capital and exploratory program in response to the sharp drop in oil prices, affecting both onshore and offshore drilling programs. The company said Tuesday it would reduce its capex to $2.2B from previously proposed $3 billion…
Hess Corporation has made an oil discovery at the Esox-1 exploration well located in Mississippi Canyon Block No. 726 in the deepwater Gulf of Mexico, the US-based independent announced on Tuesday.Esox-1 was drilled in 1,405 meters water depth…
A temporary tax incentive regime, low oilfield breakeven pricing and a chance to profit on modifications alone rather than via drill bit appear to be factors lifting prospects and getting banks behind a stalled Danish offshore revival.On Monday…
Hess Corp reported a smaller-than-expected quarterly loss on Wednesday, helped by lower exploration costs and a surge in output in its Bakken shale and Gulf of Mexico assets that also prompted the company to raise its 2019 production forecast…
American independent Hess has chartered the Maersk Resilient jackup rig to drill the Jill exploration well in License 6/16 in the Danish North Sea, Maersk Drilling announced on Friday.The work is expected to commence in September this year, with an estimated duration of 35 days…
