Hess Corporation


All posts for Hess Corporation

Wood Providing Operations Services to Hess in the Gulf of Mexico

HOUSTON, September 6, 2018 -- Hess Corporation has awarded Wood a three year non-exclusive agreement for the provision of operations, maintenance and other support services in the Gulf of Mexico. Hess and Wood have worked together for more than 25 years on a wide range of projects worldwide and ...

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Posted 12 days agoPress > WoodHessHess Corporation +3

Hess Completes Sale of Utica Acreage

NEW YORK--(BUSINESS WIRE)--Aug. 31, 2018-- Hess Corporation (NYSE: HES) today announced that it has completed the previously announced sale of its joint venture interests in the Utica shale play in eastern Ohio to Ascent Resources – Utica, LLC for net cash consideration of approximately $400 millio ...

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Posted 16 days agoPress > HessHess CorporationNYSE +8

Hess Announces Ninth Discovery Offshore Guyana

Hammerhead-1 well encounters 197 feet of high-quality, oil-bearing sandstone Discovery adds to estimated resource of more than 4 billion barrels Maximum offshore value creation through rapid development and accelerated exploration NEW YORK--(BUSINESS WIRE)--Aug. 30, 2018-- Hess Corporati ...

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Posted 19 days agoPress > HessHess CorporationOffshore +4

Hess Reports Estimated Results for the Second Quarter of 2018

Key Highlights: Estimate of gross discovered recoverable resources on the Stabroek Block, offshore Guyana (Hess 30 percent), increased to more than 4 billion barrels of oil equivalent; total discoveries to date have established the potential for up to five FPSOs to produce over 750,000 barr ...

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Posted 1 month agoPress > Stabroek BlockOffshoreGuyana +3

Hess Announces Increased Resource Estimate for Stabroek Block, Offshore Guyana

Estimate of gross discovered recoverable resources for the Stabroek Block increased to more than 4 billion barrels of oil equivalent Planning underway for a third phase of development Total discoveries to date establish potential to produce over 750,000 barrels per day by 2025 NEW YORK-- ...

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Posted 1 month agoPress > HessHess CorporationGuyana +6

Hess Announces Sale of Utica Acreage

NEW YORK--(BUSINESS WIRE)--Jun. 29, 2018-- Hess Corporation (NYSE:HES) today announced that it has entered into an agreement to sell its joint venture interests in the Utica shale play in eastern Ohio to Ascent Resources – Utica, LLC for net cash consideration of approximately $400 million, effecti ...

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Posted 2 months agoPress > HessHess CorporationNYSE +7

Hess Announces Eighth Oil Discovery Offshore Guyana

Longtail-1 well encounters approximately 256 feet of high-quality, oil-bearing sandstone Discovery is in southeast portion of Stabroek Block, near Turbot discovery Adding third drillship to accelerate exploration of high value prospects NEW YORK--(BUSINESS WIRE)--Jun. 20, 2018-- Hess Cor ...

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Posted 2 months agoPress > HessHess CorporationDiscovery +3

Hess Acquires Interest in New Acreage Offshore Guyana

Hess Corporation (NYSE:HES) today announced that its subsidiary, Hess Guyana(Block B) Exploration Limited, had reached agreement with Esso Exploration and Production Guyana Limited (ExxonMobil) to acquire a 15 percent participating interest in the Kaieteur Block, offshore Guyana. The Cooperative Re ...

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Posted 4 months agoPress > HessHess CorporationOffshore +4

Hess Reports Estimated Results for the First Quarter of 2018

Key Highlights: Increased our share repurchase program by $1.0 billion to a total of $1.5 billion, which is expected to be completed by year-end; repurchased approximately 8 million common shares for $380 million in the first quarter, completing the initial $500 million program Commenced ...

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Posted 4 months agoPress > Hess CorporationResultsQ1 +4

Hess Announces Seventh Oil Discovery Offshore Guyana

Pacora-1 well encounters approximately 65 feet of high-quality, oil-bearing sandstone Pacora resources to be integrated into third phase of development; will help bring Guyana production to more than 500,000 barrels of oil per day Further drilling on the Stabroek Block planned in 2018 NE ...

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Posted 6 months agoPress > GuyanaDiscoveryOil +5

Hess Completes Sale of Interests in Norway

NEW YORK--(BUSINESS WIRE)--Dec. 22, 2017-- Hess Corporation (NYSE: HES) announced today that it has completed the previously announced sale of its subsidiary Hess Norge, which owns interests in the Valhall and Hod fields in Norway, to Aker BP ASA for total proceeds of $2 billion, effective January ...

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Posted 8 months agoPress > Hess CorporationNYSENorway +3

Hess Completes Sale of Interests in Equatorial Guinea

Hess Corporation (NYSE: HES) announced today that it has completed the previously announced sale of its interests in offshore Equatorial Guinea to Kosmos Energy and Trident Energy for a total consideration of $650 million, effective January 1, 2017. “Our 2017 asset monetizations have exceeded expe ...

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Posted 9 months agoPress > NYSEHess CorporationEquatorial Guinea +3

Hess Presents at Bank of America Merrill Lynch 2017 Global Energy Conference

Highlights Company's High Graded Portfolio, Proforma Cash Flow Growth and Prefunding of “Transformative” Guyana Opportunity Announces $500 Million Share Repurchase Plan in addition to $500 Million in Debt Reduction NEW YORK--(BUSINESS WIRE)--Nov. 16, 2017-- In a presentation at the Bank ...

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Posted 10 months agoPress > Hess CorporationUnited Statesceo +2

Hess Issues Statement on Impact from Incident at Shell Enchilada Platform in Gulf of Mexico

NEW YORK--(BUSINESS WIRE)--Nov. 13, 2017-- Hess Corporation (NYSE: HES) released a statement today about the impact on its operations resulting from a fire at the Shell Enchilada platform in the Gulf of Mexico. Shell advised in a statement on Nov. 12 that a plan for repairing the damaged portions ...

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Posted 10 months agoPress > Hess CorporationNYSEGulf Of Mexico +3

Hess to Participate in Bank of America Merrill Lynch 2017 Global Energy Conference

Hess Corporation (NYSE: HES) announced today that John Hess, Chief Executive Officer, will present at the Bank of America Merrill Lynch 2017 Global Energy Conference in Miami Beach, FL on November 16, 2017 at 8:15 a.m. Eastern Standard Time. A live  audio webcast  and a replay of the presentation ...

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Posted 10 months agoPress > Hess CorporationBank of America Merrill LynchGlobal Energy Conference +1