Top 3 Performing Oil Stocks of 2019
The top 3 performing oil stocks of 2019 were not the most popular names you would typically hear. Usually when the phrase “oil stocks” is mentioned, most would think of stocks like Shell, BP, etc. But the fact is that 2019 was not a good year for many oil stocks. Global oil demand outlook as provid ...Hess Corporation - Drilling Completed on Aspy Well
Hess Corporation (NYSE:HES) has announced that drilling of the Aspy exploration well offshore Nova Scotia reached total depth of 7,400 meters. The prospect did not encounter commercial quantities of hydrocarbons and Hess' share of the well cost through September 30, 2018 will be expensed in the thir ...Hess Reports Estimated Results for the Third Quarter of 2018
Key Highlights: Announced a ninth oil discovery on the Stabroek Block, offshore Guyana, at the Hammerhead-1 exploration well located approximately 13 miles southwest of the Liza-1 well The Hammerhead discovery adds to the previously announced estimate of gross discovered recoverable reso ...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 ...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 ...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 ...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 ...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-- ...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 ...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 ...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 ...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 ...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 ...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 ...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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