U.S. producer Hess Corp said on Wednesday it expects oil and gas output to grow more than 10 percent a year compounded through 2025, citing higher growth opportunities at its Bakken shale and offshore Guyana projects.The company projects higher…
Oil and gas producer Hess Corp and Conocophillips both expect production for 2019 to be higher than this year even as they spend roughly the same amount of money on exploration, the companies said on Monday.Investors have been urging U.S. oil…
The exploration and production company Hess Corporation said that Aspy probe did not encounter commercial quantities of hydrocarbons.Hess Corporation announced in a press statement that drilling of the Aspy exploration well offshore Nova Scotia reached total depth of 7…
U.S. oil and gas producer Hess Corp posted its first profit in about four years that also easily beat analysts' estimates, as it sold oil at higher prices and managed to slash costs by 62 percent.New York-based Hess has not reported a profit…
U.S. oil producer Hess Corp has no intention to sell its assets in Asia as the region provides good, steady cash flow and a stable political environment, a senior company executive told Reuters on Tuesday.While the company sold assets in Thailand…
Hess Corp. has completed the sale of its interests in offshore Equatorial Guinea to Kosmos Energy and Trident Energy for US$650 million. Hess’ exit from Equatorial Guinea comes after nearly two decades of operations at the Ceiba field and Okume complex…
Hess has shut in production at its Baldpate, Conger and Penn State fields in the deepwater Gulf of Mexico in response to the fire that occurred last week at the Shell-operated Enchilada platform. The Llano field…
A newly formed Australian gas company has acquired Hess' Equus deepwater project offshore Western Australia. Western Gas said Equus, which covers 11 gas and condensate fields in the Carnarvon Basin, about 200km north-west of Onslow, is development ready…
Stampede subsea layout. Photo from Hess. A combination of LEAN business practices, technology, and a digital approach will enable Hess to bring online its Stampede tension leg platform project…
Aker BP has agreed to buy Hess Norge, which includes major stakes in the Valhall and Hod fields, from Hess for US$2 billion as the US oil firm continues an offshore asset sale. Yesterday, Kosmos Energy said it had agreed to acquire Hess' 85% stake in two long-producing oil fields…
Kosmos Energy entered Equatorial Guinea with a splash by acquiring Hess' 85% stake in two long-producting oil fields for US$650 million, as well as signing production sharing contracts (PSCs) for three other blocks in the Rio Muni basin…
Map of North Malay basin, from Hess. Hess Corp. is ready to start production at its North Malay basin project offshore Malaysia in Q3 2017. The North Malay Basin Block PM302 is…
Hess Corp. signed a non-exclusive 10-year global agreement with Wood Group to provide engineering, project management, construction, commissioning, operations and maintenance, integrity management, subsea, and decommissioning services. The…
McDermott International has won a contract award from Hess Corp. for subsea tieback work for its deepwater Penn State Deep (PSD) field in the Gulf of Mexico. The PSD field is located in the Garden Banks 216 block in approximately 1500ft of water…
Wood Group has been awarded a five-year contract with Hess Exploration & Production Malaysia. The operations and maintenance contract is to support Hess’ newbuild fixed and floating offshore facilities in the North Malay Basin development…
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