Hess Corporation Company News

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Hess Divests Stake in Deepwater Field
Monday, November 09, 2020Hess Corp. has completed the sale of its 28-percent working interest in the Shenzi Field in the deepwater Gulf of Mexico.

$505MM Deal to Boost Deepwater Profile for BHP
Wednesday, October 07, 2020BHP will raise its stake in the six-lease development to 72 percent.

Exxon Contract Worth at Least $500MM to TechnipFMC
Friday, October 02, 2020TechnipFMC has won a large subsea contract from a unit of ExxonMobil ranging in value from $500 million to $1 billion.

Caribbean Refinery Restarts After Eight Years of Disuse
Tuesday, September 29, 2020A Caribbean refinery shut for most of this decade is coming back to life.

Exxon Hits More Oil Pay Offshore Guyana
Tuesday, September 08, 2020ExxonMobil and its co-venturers have made their 18th discovery offshore Guyana.

ExxonMobil Resumes Guyana Drilling
Monday, July 13, 2020Two of Exxon's four drillships went back to work, according to data published Friday by Baker Hughes Co.

Oil and Gas Blockchain Group Claims Milestone
Monday, June 08, 2020The Offshore Operators Committee Oil and Gas Blockchain Consortium reportedly has achieved an industrywide first.

$180MM in Contracts Go to Sapura
Thursday, June 04, 2020The photo above shows the vessel Sapura 3000 pipe laying vessel. PHOTO SOURCE: Sapura Energy Berhad

Hess Charters Supertankers to Store Oil Production
Thursday, May 07, 2020The supertankers will hold more than half of its North Dakota crude production.

Hess to Drop Five Bakken Rigs
Wednesday, March 18, 2020Hess Corp. is taking steps to bolster its cash position and financial liquidity given the recent sharp drop in crude oil prices.

Global Oil, Gas Discoveries Hit Four-Year High in 2019
Thursday, February 06, 20202019 was the best since 2015 for new hydrocarbon supplies.

Hess Announces $3 Billion 2020 E&P Budget
Wednesday, January 29, 2020More than 80 percent of the funds will be focused on projects in Guyana and the Bakken.

Exxon Marks Stabroek Sweet 16
Monday, January 27, 2020ExxonMobil, operator of the Stabroek Block offshore Guyana, on Monday reported an oil discovery at the Uaru exploration well, located near the producing Liza field.

Guyana Becomes Oil Producer
Monday, December 23, 2019Exxon Mobil Corp. and partners Hess Corp. and CNOOC Limited reported that the Liza field in the Stabroek Block offshore Guyana has achieved first oil.

Exxon Hits More Oil Pay Offshore Guyana
Monday, December 23, 2019Exxon Mobil Corp. and Hess Corp. Monday reported another oil discovery offshore Guyana at the Mako-1 well southeast of the Liza Field.

Hess Hits Oil Pay Near Tubular Bells
Tuesday, October 29, 2019Operator Hess holds a 57.14-percent stake in Esox, with Chevron U.S.A. Inc. owning the remainder.

Pioneering FPSO Reaches Offshore Guyana Block
Friday, August 30, 2019The Liza FPSO concludes its journey from Singapore. PHOTO SOURCE: Hess Corp.

Oil CEOs at Davos See Market Rebalancing
Wednesday, January 23, 2019The oil market is gradually returning to balance as OPEC reins in output and the US shale boom slows, according to executives gathered at Davos.

Hess Market Cap Plunges $1.5B
Monday, December 24, 2018Hess tumbled the most in almost three years, wiping out $1.5 billion in market valuation.

Hammerhead-1 Strikes Offshore Guyana
Thursday, August 30, 2018The hits keep on coming offshore Guyana, where ExxonMobil, Hess and CNOOC's Nexen unit have made their ninth discovery.

Hess Loss Shrinks As Higher Oil Prices Offset Falling Output
Wednesday, July 25, 2018Hess posts a smaller-than-expected quarterly loss, as higher crude prices offset an unexpected drop in production.

Offshore Guyana Block Could Require Five FPSOs
Monday, July 23, 2018The estimated recoverable resources for the Stabroek Block offshore Guyana has risen by at least 25%.

Hess Sets Sights Away from Utica
Friday, June 29, 2018Hess has entered an agreement to sell its joint venture interests in the Utica shale play in eastern Ohio to Ascent Resources – Utica, LLC.

US Oil Pipeline Companies, Producers Seek Relief From Steel Tariffs
Tuesday, June 19, 2018Major US energy companies are among many seeking exemptions from steel-import tariffs as the US ratchets up trade tensions.

Hess Posts Smaller Loss On Cost Cuts, Rising Oil Prices
Wednesday, April 25, 2018Hess reports its 14th consecutive quarterly loss.

ExxonMobil, Hess Strike Lucky No. 7 Offshore Guyana
Wednesday, February 28, 2018Latest discovery to help propel offshore Guyana production past half a million barrels per day mark.

Hess Posts 13th Straight Quarterly Loss; Shares Dive
Monday, February 05, 2018Hess posts its 13th straight quarterly loss as ballooning expenses offset rising crude prices, sending shares down nearly 5%.

Hess Cutting Hundreds of Workers As It Battles Activist Investor
Tuesday, January 16, 2018Hess Corp is cutting roughly 13 percent of its workforce.

ExxonMobil Reports More Offshore Guyana Success
Friday, January 05, 2018Ranger-1 is sixth in string of world-class discoveries offshore South American country.

About 75,000 Bpd Of Gulf Oil Output Still Shut After Shell Fire
Wednesday, November 15, 2017A combined 75,206 barrels per day of oil and 215,122 million cubic feet per day of natural gas production are shut-in.

Hess Shares Fall After Fourth-Quarter Forecast Slashed
Wednesday, October 25, 2017Hess cut its 4Q production forecast after reporting lower-than-expected output in its largest area of operations, sending its shares down more than 5%.

Aker BP Buys Hess' Norway Unit For $2B
Tuesday, October 24, 2017Aker BP will add the Norwegian operations of Hess to its expanding exploration and production portfolio under a $2 billion deal.

Hess: World Needs New Offshore Oil Investments to Avoid Shortages
Thursday, September 28, 2017Higher 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.

Hess Slashes 2017 Capital Budget After Quarterly Loss
Wednesday, July 26, 2017Hess slashes its 2017 capital budget by 4% after posting a wider-than-expected quarterly loss on low crude prices and a dip in production.

Suriname Signs Offshore Oil Deals with Exxon, Hess and Statoil
Friday, July 14, 2017Suriname'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.

Hess To Sell Permian EOR Assets To Occidental For $600 Million
Monday, June 19, 2017Hess says it will sell its stake in enhanced oil recovery (EOR) projects in the Permian Basin of West Texas and New Mexico.

Hess Reports Smaller Loss As Oil Prices Rise, Costs Fall
Wednesday, April 26, 2017Hess 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.

Gulf Of Mexico Lease Sale Nets $315M in Bids, Feds Suggest Trump Bounce
Wednesday, March 22, 2017Top 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.

Oil, Gas Firms Make Global 100 Most Sustainable Corporations List
Thursday, January 19, 2017Ten oil and gas related companies have made Corporate Knights' 2017 Global 100 Most Sustainable Corporations list.

Hess To Spend More On Exploration And Production This Year
Thursday, January 12, 2017Hess budgets $2.25 billion for exploration and production this year, higher than the $1.9 billion it spent in 2016.

Oil Producer Hess Reports Smaller-Than-Expected Loss
Wednesday, October 26, 2016Hess reports a smaller-than-expected quarterly loss.

Oil, Gas Companies Evacuate GOM Staff Ahead of Tropical Depression
Tuesday, August 30, 2016Several oil and gas companies operating in the Gulf of Mexico have taken precautionary measures ahead of Tropical Depression Nine.

Malaysia's Perisai Gets 6 Months Charter Extension for FPSO Perisai Kamelia
Monday, August 22, 2016Perisai Petroleum Teknologi extends charter for the Perisai Kamelia floating production, storage and offloading (FPSO) facility for 6 months for $31.5-$45 million.

Exxon, Chevron, Hess Said to Be in Joint Bid for Mexican Oil
Friday, August 19, 2016ExxonMobil, 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.

Hess Extends Perisai Pacific 101 Assignment by 54 Days for $5.3M
Monday, August 01, 2016HESS Exploration and Production BV extends contract, worth $5.3 million, for Perisai Pacific 101 jackup by up to 54 days.

Hess Seeks Up to $40M from Schlumberger in Dispute Over Well Valve
Wednesday, July 27, 2016Hess Corp is pursuing legal action against Schlumberger NV for as much as $40 million, claiming the oilfield service provider supplied a defective valve for a U.S. Gulf of Mexico oilfield that shuttered three wells and crimped p

With Oil Price Near $50, Resilient US Shale Producers Eye New Chapter
Monday, June 20, 2016Two years into the worst oil price rout in a generation, large and mid-sized U.S. independent producers are surviving and eyeing growth again as oil nears $50 a barrel, confounding OPEC and Saudi Arabia with their resiliency.

Big Oil's `Rock Star' in Congress Runs Rig Tours for Support
Monday, April 18, 2016Congressman Steve Scalise is one of the oil industry's busiest tour guides in Congress.

Hess Sells Bakken Crude for Export from the US Gulf Coast to Europe
Friday, April 15, 2016Hess Corp confirms it sold Bakken crude for export out of the US Gulf Coast to Europe, the first reported shipment of the light North Dakota oil since Congress lifted the crude export ban last December.

As Big Oil Shrinks, Boards Plot Different Paths Out Of Crisis
Tuesday, February 09, 2016As oil and gas companies cut deeper, boards adopt contrasting strategies to lead them out of the crisis.