Archive for the ‘Hess Corp’ Category
Bakken, Guyana earmarked for 75% of Hess’s $2.9-billion budget in 2019
December 10th, 2018 by Latest News
Hess Corp. will allocate some 75% of its $2.9-billion 2019 exploration and production capital and expenditure budget to high-return growth assets in the Bakken and in Guyana. Net production is forecast to average 270,000-280,000 boe/d in 2019, excludin…
Hess, CNX to sell JV assets in the Utica
June 29th, 2018 by Latest News
Hess Corp. and CNX Resources Corp., Pittsburgh, will sell their 50-50 Ohio Utica joint venture assets to Ascent Resources-Utica LLC for net cash consideration of $400 million to each party. The assets, in the wet gas areas of Belmont, Guernsey, Harriso…
Hess Corp. subsidiary Hess Guyana (Block B) Exploration Ltd. will acquire a 15% participating interest in the Kaieteur block offshore Guyana from ExxonMobil Corp. affiliate Esso Exploration & Production Guyana Ltd.
Hess allocates over half of $2.1-billion capex budget to production
January 31st, 2018 by Latest News
Hess Corp. set its 2018 capital and exploratory budget at $2.1 billion, allocating 56% to production, including $900 million to increase its Bakken rig count to 6 from 4 by yearend.
OPEC limits are positive step in changed market, speakers tell forum
December 19th, 2016 by Latest News
The Organization of Petroleum Exporting Countries took a good first step when its members agreed to limit production and exports at its recent meeting, a former Saudi Arabian petroleum minister said.
SERVICES | SUPPLIERS
October 3rd, 2016 by Latest News
SERVICES | SUPPLIERS
September 5th, 2016 by Latest News
OTC: Panel seeks to energize deepwater projects
May 16th, 2016 by Latest News
“Nothing draws people together like a common enemy,” said Maersk Oil Houston’s President Bruce Laws, “and the common enemy right now is low commodity prices.” Laws, who addressed an audience at the Offshore Technology Conference in Houston on May 4, was part of a panel discussing worldwide oil and gas deepwater development. The session revolved around deepwater projects not keeping pace with the current downturn. The price of oil, meanwhile, has declined nearly 60% from mid-2014.