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Hess charters 3 supertankers to store oil production

(Bloomberg) -- Hess Corp. is chartering a trio of supertankers to hold more than half of its North Dakota crude production as rapidly filling...

Hess reports US$2.4 billion loss – Liza field helps boost production

Hess Corporation reported Thursday a net loss of $2,433 million, or $8.00 per common share, in the first quarter of 2020 even as oil production...

Saudi-Russia oil price war could lead to global economic recession –...

CEO of Hess Corporation John Hess said the fallout from the current oil price war between Russia and Saudi Arabia could lead to a...

Stabroek reservoir quality, low break-evens continue to promise high returns for...

In providing asset highlights during an investor presentation on February 11, Hess Corporation said the 16 discoveries made so far at the Stabroek Block...

Potential grows for more than 5 FPSOs at prolific Stabroek Block

With the gross recoverable resource estimate now above 8 billion barrels of oil equivalent at the Stabroek Block, co-venturers ExxonMobil, Hess and CNOOC are...

Development drilling for giant Liza Phase 2 project set to begin...

Development drilling for the 220,000 barrels per day Liza Phase 2 project offshore Guyana will begin next month as US oil major ExxonMobil ramps...

Liza Phase 1 approaching 75,000 barrels per day

Oil production at Guyana’s first ever offshore development – Liza Phase 1 - is ramping up with daily output now around 75,000 barrels per...

Liza Phase 1 cost expected to be around US$1 billion below...

Development cost for the 120,000 barrels per day Liza Phase 1 project offshore Guyana has been reduced by close to US$1 billion according to...

Hess plugs over 80% of its 2020 E&P budget into Guyana,...

Hess Corporation on Tuesday announced a $3 billion Exploration and Production capital and exploratory budget, of which more than 80% will be allocated to...

Hess sees ‘excellent potential’ at Suriname’s Block 42

Hess corporation sees great potential in the offshore Suriname basin where preparations are underway to ramp up the search for hydrocarbons in the Dutch-speaking...