Hess Corporation Company News

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Oil Price Projections on the Rise
Look back at some of Rigzone's most popular downstream-related articles from last week.
8:00 PM EST | July 17, 2021
ExxonMobil Claims More Stabroek Success in Guyana
ExxonMobil reported a new discovery at Longtail-3 in the Stabroek Block offshore Guyana.
8:00 PM EST | June 09, 2021
Shale Drillers Show Restraint in Q1
So far, shale explorers are passing the test.
8:00 PM EST | May 17, 2021
Hess Divests Acreage in North Dakota
Hess has sold its Little Knife and Murphy Creek acreage interests in the Bakken Formation in North Dakota. PHOTO SOURCE: Hess Corp.
8:00 PM EST | May 02, 2021
Exxon Strikes More Oil Offshore Guyana
ExxonMobil reported another oil discovery in the Stabroek Block offshore Guyana.
8:00 PM EST | April 27, 2021
Caribbean Refinery Is Back in Business
Limetree Bay Refining in St. Croix, U.S. Virgin Islands, has successfully resumed operations.
7:00 PM EST | February 02, 2021
Hess Divests Stake in Deepwater Field
Hess Corp. has completed the sale of its 28-percent working interest in the Shenzi Field in the deepwater Gulf of Mexico.
7:00 PM EST | November 08, 2020
$505MM Deal to Boost Deepwater Profile for BHP
BHP will raise its stake in the six-lease development to 72 percent.
8:00 PM EST | October 06, 2020
Exxon Contract Worth at Least $500MM to TechnipFMC
TechnipFMC has won a large subsea contract from a unit of ExxonMobil ranging in value from $500 million to $1 billion.
8:00 PM EST | October 01, 2020
Caribbean Refinery Restarts After Eight Years of Disuse
A Caribbean refinery shut for most of this decade is coming back to life.
8:00 PM EST | September 28, 2020
Exxon Hits More Oil Pay Offshore Guyana
ExxonMobil and its co-venturers have made their 18th discovery offshore Guyana.
8:00 PM EST | September 07, 2020
ExxonMobil Resumes Guyana Drilling
Two of Exxon's four drillships went back to work, according to data published Friday by Baker Hughes Co.
8:00 PM EST | July 12, 2020
Oil and Gas Blockchain Group Claims Milestone
The Offshore Operators Committee Oil and Gas Blockchain Consortium reportedly has achieved an industrywide first.
8:00 PM EST | June 07, 2020
$180MM in Contracts Go to Sapura
The photo above shows the vessel Sapura 3000 pipe laying vessel. PHOTO SOURCE: Sapura Energy Berhad
8:00 PM EST | June 03, 2020
Hess Charters Supertankers to Store Oil Production
The supertankers will hold more than half of its North Dakota crude production.
8:00 PM EST | May 06, 2020
Hess to Drop Five Bakken Rigs
Hess Corp. is taking steps to bolster its cash position and financial liquidity given the recent sharp drop in crude oil prices.
8:00 PM EST | March 17, 2020
Global Oil, Gas Discoveries Hit Four-Year High in 2019
2019 was the best since 2015 for new hydrocarbon supplies.
7:00 PM EST | February 05, 2020
Hess Announces $3 Billion 2020 E&P Budget
More than 80 percent of the funds will be focused on projects in Guyana and the Bakken.
7:00 PM EST | January 28, 2020
Exxon Marks Stabroek Sweet 16
ExxonMobil, operator of the Stabroek Block offshore Guyana, on Monday reported an oil discovery at the Uaru exploration well, located near the producing Liza field.
7:00 PM EST | January 26, 2020
Guyana Becomes Oil Producer
Exxon Mobil Corp. and partners Hess Corp. and CNOOC Limited reported that the Liza field in the Stabroek Block offshore Guyana has achieved first oil.
7:00 PM EST | December 22, 2019
Exxon Hits More Oil Pay Offshore Guyana
Exxon Mobil Corp. and Hess Corp. Monday reported another oil discovery offshore Guyana at the Mako-1 well southeast of the Liza Field.
7:00 PM EST | December 22, 2019
Hess Hits Oil Pay Near Tubular Bells
Operator Hess holds a 57.14-percent stake in Esox, with Chevron U.S.A. Inc. owning the remainder.
8:00 PM EST | October 28, 2019
Pioneering FPSO Reaches Offshore Guyana Block
The Liza FPSO concludes its journey from Singapore. PHOTO SOURCE: Hess Corp.
8:00 PM EST | August 29, 2019
Oil CEOs at Davos See Market Rebalancing
The oil market is gradually returning to balance as OPEC reins in output and the US shale boom slows, according to executives gathered at Davos.
7:00 PM EST | January 22, 2019
Hess Market Cap Plunges $1.5B
Hess tumbled the most in almost three years, wiping out $1.5 billion in market valuation.
7:00 PM EST | December 23, 2018
Hammerhead-1 Strikes Offshore Guyana
The hits keep on coming offshore Guyana, where ExxonMobil, Hess and CNOOC's Nexen unit have made their ninth discovery.
8:00 PM EST | August 29, 2018
Hess Loss Shrinks As Higher Oil Prices Offset Falling Output
Hess posts a smaller-than-expected quarterly loss, as higher crude prices offset an unexpected drop in production.
8:00 PM EST | July 24, 2018
Offshore Guyana Block Could Require Five FPSOs
The estimated recoverable resources for the Stabroek Block offshore Guyana has risen by at least 25%.
8:00 PM EST | July 22, 2018
Hess Sets Sights Away from Utica
Hess has entered an agreement to sell its joint venture interests in the Utica shale play in eastern Ohio to Ascent Resources – Utica, LLC.
8:00 PM EST | June 28, 2018
US Oil Pipeline Companies, Producers Seek Relief From Steel Tariffs
Major US energy companies are among many seeking exemptions from steel-import tariffs as the US ratchets up trade tensions.
8:00 PM EST | June 18, 2018
Hess Posts Smaller Loss On Cost Cuts, Rising Oil Prices
Hess reports its 14th consecutive quarterly loss.
8:00 PM EST | April 24, 2018
ExxonMobil, Hess Strike Lucky No. 7 Offshore Guyana
Latest discovery to help propel offshore Guyana production past half a million barrels per day mark.
7:00 PM EST | February 27, 2018
Hess Posts 13th Straight Quarterly Loss; Shares Dive
Hess posts its 13th straight quarterly loss as ballooning expenses offset rising crude prices, sending shares down nearly 5%.
7:00 PM EST | February 04, 2018
Hess Cutting Hundreds of Workers As It Battles Activist Investor
Hess Corp is cutting roughly 13 percent of its workforce.
7:00 PM EST | January 15, 2018
ExxonMobil Reports More Offshore Guyana Success
Ranger-1 is sixth in string of world-class discoveries offshore South American country.
7:00 PM EST | January 04, 2018
About 75,000 Bpd Of Gulf Oil Output Still Shut After Shell Fire
A combined 75,206 barrels per day of oil and 215,122 million cubic feet per day of natural gas production are shut-in.
7:00 PM EST | November 14, 2017
Hess Shares Fall After Fourth-Quarter Forecast Slashed
Hess cut its 4Q production forecast after reporting lower-than-expected output in its largest area of operations, sending its shares down more than 5%.
8:00 PM EST | October 24, 2017
Aker BP Buys Hess' Norway Unit For $2B
Aker BP will add the Norwegian operations of Hess to its expanding exploration and production portfolio under a $2 billion deal.
8:00 PM EST | October 23, 2017
Hess: World Needs New Offshore Oil Investments to Avoid Shortages
Higher investments in offshore oil production are critical to avoiding a supply squeeze by 2020, as expanding shale output will not match projected demand increases in the next few years, U.S. oil producer Hess Corp said.
8:00 PM EST | September 27, 2017
Hess Slashes 2017 Capital Budget After Quarterly Loss
Hess slashes its 2017 capital budget by 4% after posting a wider-than-expected quarterly loss on low crude prices and a dip in production.
8:00 PM EST | July 25, 2017
Suriname Signs Offshore Oil Deals with Exxon, Hess and Statoil
Suriname's state oil company Staatsolie said it signed production sharing contracts involving Exxon Mobil Corp, Hess Corp and Statoil ASA for two blocks off the coast of the South American nation.
8:00 PM EST | July 13, 2017
Hess To Sell Permian EOR Assets To Occidental For $600 Million
Hess says it will sell its stake in enhanced oil recovery (EOR) projects in the Permian Basin of West Texas and New Mexico.
8:00 PM EST | June 18, 2017
Hess Reports Smaller Loss As Oil Prices Rise, Costs Fall
Hess reports a smaller quarterly loss as a rise in oil prices and fall in costs helped the US oil producer offset a drop in production.
8:00 PM EST | April 25, 2017
Gulf Of Mexico Lease Sale Nets $315M in Bids, Feds Suggest Trump Bounce
Top bidders included Shell Offshore, Statoil, Chevron and Hess, each offering more than $44 million for access to offshore exploration and production, according to federal records.
8:00 PM EST | March 21, 2017
Oil, Gas Firms Make Global 100 Most Sustainable Corporations List
Ten oil and gas related companies have made Corporate Knights' 2017 Global 100 Most Sustainable Corporations list.
7:00 PM EST | January 18, 2017
Hess To Spend More On Exploration And Production This Year
Hess budgets $2.25 billion for exploration and production this year, higher than the $1.9 billion it spent in 2016.
7:00 PM EST | January 11, 2017
Oil Producer Hess Reports Smaller-Than-Expected Loss
Hess reports a smaller-than-expected quarterly loss.
8:00 PM EST | October 25, 2016
Oil, Gas Companies Evacuate GOM Staff Ahead of Tropical Depression
Several oil and gas companies operating in the Gulf of Mexico have taken precautionary measures ahead of Tropical Depression Nine.
8:00 PM EST | August 29, 2016
Malaysia's Perisai Gets 6 Months Charter Extension for FPSO Perisai Kamelia
Perisai Petroleum Teknologi extends charter for the Perisai Kamelia floating production, storage and offloading (FPSO) facility for 6 months for $31.5-$45 million.
8:00 PM EST | August 21, 2016
Exxon, Chevron, Hess Said to Be in Joint Bid for Mexican Oil
ExxonMobil, Chevron and Hess have agreed to bid together for rights to drill for crude in Mexico's deepwater oil areas, according to a person with direct knowledge of the plans.
8:00 PM EST | August 18, 2016