Operator · Gulf Of Mexico (GOM) & Utica Shale
Hess Corp
80 articles mentioning Hess Corp · Page 2 of 4
Hess IDs 2021 Budget; Bets Majority on Bakken, Guyana
Hess Corp. detailed its 2021 capital and production plans. - 2021 E&P Budget: $1.9 billion, of which more than 80% will be allocated to Guyana and the Bakken - this is down 14% from 2020's capex...
Hess Corp. Third Quarter 2020 Results
Hess Corp. reported its Q3 2020 results. Key Developments: Increased the estimate of gross discovered recoverable resources to approximately 9 billion barrels of oil equivalent (boe) for the Stabroek Block (Hess - 30%), offshore Guyana; announced...
Exxon, Partners Hit 18th Discovery Offshore Guyana
ExxonMobil and partners (Hess Corp. and CNOOC Ltd.) have made its 18th discovery offshore Guyana at the Redtail-1 well. This will add to the previously announced estimated recoverable resource of more than 8 billion oil-equivalent barrels...
Exxon Restricts Output at Stabroek Asset Offshore Guyana; 100,000 BPD Cap
ExxonMobil is restricting oil output at its Stabroek asset offshore Guyana, according to a report by Reuters. Currently, output is being capped at 100,000 BPD. The company cited problems with natural gas compression / injection as...
Hess' VLCC Storage Strategy Pays Off; Q2 Results
Hess Corp. reported its 2Q 2020 financial results. Taps Three VLCCs to Store Crude; Sells at Premium to Brent Hess chartered three very large crude carriers (VLCCs) to load a total of approximately 6 million barrels...
Court Orders Dakota Access / Bakken Oil Pipeline to Be Shut Down
A U.S. District Court today ordered the shut down and emptying of Energy Transfer's Dakota Access pipeline within 30 days. Currently, the Dakota Access pipeline (DAPL) transports about 570,000 bbl/d from the Bakken to the Gulf...
Hess Corp. First Quarter 2020 Results
Hess Corp. reported its Q1 2020 results. Hess reported a net loss of $2,433 million, or $8.00 per common share, in the first quarter of 2020, including impairment and other after-tax charges of $2,251 million resulting...
Hess Lowers 2020 Capex 27%; Cuts Bakken Rig Fleet from Six to One
Hess Corp. announced a revised $2.2 billion capital and exploratory budget for 2020, an $800 million reduction from the previous budget of $3.0 billion (a decrease of 27%). The company also announced a new $1.0 billion...
Hess Talks Q4 Bakken, GOM, Guyana Highlights; Reports Loss of $222MM
Hess Corp. has reported its estimated Q4 2019 results. Hess reported a net loss of $222 million, or $0.73 per common share, in the fourth quarter of 2019, compared with a net loss of $4 million,...
Kosmos, Hess Come Up Empty at GOM Oldfield Prospect
Kosmos Energy has completed drilling the Oldfield exploration well (Kosmos 40%, Hess 60%) in the U.S. Gulf of Mexico. Oldfield was designed to test a sub-salt Miocene prospect located in Mississippi Canyon, targeting approximately 10 mmboe...
Hess Ups Budget to $3.0B for 2020; Bets Bulk on Bakken, Guyana
Hess Corp. has planned a 2020 capital and exploratory budget of $3.0 billion, the majority of which (80%) is focused on its operations in Guyana and the Bakken. The Gulf of Mexico is taking the biggest...
Exxon, Partners Hit 16th Discovery at Guyana Stabroek; 8.0 Billion BOE Potential
ExxonMobil and its partners (Hess Corp. and CNOOC Ltd.) announced another oil discovery offshore Guyana at the Uaru well, the 16th discovery on the Stabroek Block. The company also announced an increase in the estimated gross...
Hess, Exxon Announce Oil Discovery Offshore Guyana
Hess and partner ExxonMobil have reported another oil discovery on the Stabroek Block offshore Guyana at the Mako-1 well southeast of the Liza Field. The discovery adds to the current gross recoverable resource estimate of more...
Hess Details Q3 2019 Results; Bakken Output Credited for Production Gain
Hess Corp. reported its Q3 2019 results. Net production, excluding Libya, was 290,000 boepd in the third quarter of 2019 (up 4% YOY), up from third quarter 2018 net production of 279,000 boepd, or 269,000 boepd...
Hess Strikes Oil at Esox-1 Exploration Well in the GOM
Hess Corp. announced an oil discovery at the Esox-1 exploration well located in Mississippi Canyon Block No. 726 in the deepwater Gulf of Mexico. Esox-1 was drilled in 4,609 feet (1,405 meters) of water and encountered...
Exxon, Partners Hit Another Oil Discovery Offshore Guyana
ExxonMobil and its partners have made an oil discovery on the Stabroek Block offshore Guyana at the Tripletail-1 well in the Turbot area. The discovery adds to the previously announced estimated recoverable resource of more than...
Hess Sees Arrival of Production Vessel at Stabroek Discovery
Hess Corp. announced that the Liza Destiny, Guyana's first oil production vessel, has arrived at the Stabroek Block. The Floating, Production, Storage and Offloading (FPSO) vessel arrived following a 42 day journey from Singapore. This FPSO...
Hess Lowers 2019 Capex by $100MM; Bakken Drilling Up +42% YOY
Hess Corp. reported its Q2 2019 results. Here are the highlights from its results / call: Q2 Summary - Well Activity: Drilled / TIL 39 Bakken wells in Q2 - up +42% YOY - Rigs: 6...
Exxon, Partners Tout 13th Discovery at Stabroek Block Offshore Guyana
ExxonMobil and its partners have made a new oil discovery offshore Guyana at the Yellowtail-1 well. This marks the 13th discovery on the Stabroek Block. The discovery adds to the previously announced estimated recoverable resource of...
Shell Top Spender in Latest GOM Lease Sale with $94MM in Bids
Shell snapped up the majority of from the latest Gulf of Mexico lease sale, according to the Bureau of Ocean Energy Management's (BOEM) reports on the sale. The company bid a total of $94 million on...