Tag: Hess Corporation
One oil major walked away, 20 companies said no to Guyana...
The financial risk was high and the prospects of finding oil off the Guyana coast was low in the lead-up to the 2015 drill...
Stabroek reservoirs expected to deliver high production rates – Hess
The deepwater reservoirs in Guyana’s Stabroek block where more than 5.5 billion barrels of oil have been found rank among the best in the...
Hess tops 2019 list of best corporate citizens
Hess Corporation has earned a place as the No. 1 oil and gas company on Corporate Responsibility magazine’s prestigious list of 100 Best Corporate Citizens of 2019. The...
Fluids at Yellowtail similar to those of nearby Liza
(S&P Global Platts) Yellowtail, Guyana's latest offshore deepwater discovery, contains oily fluids similar to those of the country's initial find, which is currently being...
Hess doesn’t expect court ruling on no confidence vote to affect...
Hess Corporation, a partner in the ExxonMobil-led consortium operating offshore Guyana, does not expect a ruling over the coming month by the Caribbean Court...
Liza Destiny topsides in place; 1st oil possible this year –...
Hess Corporation says work on the 120,000 bpd Liza Destiny is almost complete with commissioning activities underway. The company also said there is a...
Future oil discoveries at Stabroek could run into billions of barrels
Hess Corporation, a 30 percent stakeholder in the prolific Stabroek Block offshore Guyana, believes more mega oil deposits are still to be found in...
Hess reports net income of $32M as Guyana oil reserves soar
Hess Corporation (NYSE: HES) today reported net income of $32 million, or $0.09 per common share, in the first quarter of 2019, compared to...
Offshore drilling making comeback with low-cost targets like Stabroek
Producing 120,000 barrels of oil per day from the Permian basin would require a $12.8 billion investment while hitting the same volume from Guyana’s...
Guyana success pushes Hess to number 2 spot for 2018 drilling...
Drilling success in Guyana in 2018 earned Hess the number two spot in the industry for value created from wildcat drilling according to an annual...