Search results for: Hess

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  • 31 January 2018
    Business & Finance

    Hess Corporation will spend about two thirds of its 2018 budget on Guyana asset and Bakken shale play. 

  • 29 January 2020

    Hess Corporation has decided to raise its yearly budget to $3 billion with plans to use more than 80% of it on high return investments in Guyana and the Bakken.

  • 3 May 2016

    Kosmos Energy has entered into a farm-out agreement with a subsidiary of the Hess Corporation, Hess Suriname Exploration, covering the Block 42 contract area offshore Suriname. Under the terms of the agreement, Hess will acquire a one-third non-operated interest in the Block 42 contract area from both Chevron and Kosmos. As part of the agreement, […]

  • 10 April 2014
    Business & Finance

    Obiang Nguema Mbasogo, Equatorial Guinea’s President, met with John Barnett Hess, Hess Corporation CEO, to strengthen the long-term and growing partnership between the company and the West African Nation. During the meeting, President Obiang and Hess discussed the company’s continued investment in the country’s energy, education and science sectors. Hess representatives praised the socio-economic development […]

  • 30 September 2010
    Business & Finance

    Hess Corporation today announced the completion of two transactions that bring Hess’ interests in a pair of Norwegian North Sea offshore fields, Valhall and Hod, to 64.05 percent and 62.5 percent respectively. On Sept. 29, Hess and Shell concluded a strategic trade in which Hess assumed Shell’s 28.09 percent interest in the Valhall field and […]

  • 10 December 2018
    Business & Finance

    Hess Corporation will allocate 75% of its 2019 E&P capital and exploratory budget of $2.9 billion to high return assets in the Bakken and Guyana.

  • 21 June 2010
    Business & Finance

    Hess Corporation  today announced it has exercised its right to pre-empt Total’s sale to BP of its interests in a pair of Norwegian North Sea offshore fields, Valhall and Hod. Hess will gain additional interests of 7.85 percent in Valhall and 12.5 percent in Hod for $496 million in cash. Together with the completion of […]

  • 3 February 2011
    Business & Finance

      Recognizing the significant commitment Hess has made to workplace safety, the U.S. National Safety Council (NSC) is honoring company Chairman and CEO John Hess among the “2011 CEOs Who Get It” in the February issue of Safety+Health magazine. Each year the publication recognizes CEOs who have made safety an organizational core value at all […]

  • 7 July 2015

    Hess Corporation said it has completed the previously revealed sale of a 50 percent interest in its Bakken midstream assets to Global Infrastructure Partners for cash consideration of $2.675 billion.

  • 7 July 2015

    Hess Corporation said it has completed the previously revealed sale of a 50 percent interest in its Bakken midstream assets to Global Infrastructure Partners for cash consideration of $2.675 billion.

  • 12 June 2015

    Hess Corporation said that it has agreed to sell a 50 percent interest in its Bakken shale midstream assets to Global Infrastructure Partners for $2.675 billion.

  • 24 October 2017
    Business & Finance

    U.S. energy company Hess Corporation has made an agreement to sell its oil and gas interests in Norway to the Norwegian oil company Aker BP for total proceeds of $2 billion.  In addition to the sale of Norwegian assets and as part of its strategy to further focus the company’s portfolio and allocate capital to higher return assets, […]

  • 12 June 2015

    Hess Corporation said that it has agreed to sell a 50 percent interest in its Bakken shale midstream assets to Global Infrastructure Partners for $2.675 billion.

  • 12 January 2012

    Hess Corporation announced today a 2012 capital and exploratory budget of $6.8 billion, nearly all of which is targeted for Exploration and Production: $2.5 billion for unconventionals, $1.6 billion for production, $1.8 billion for developments and $800 million for exploration. John B. Hess, Chairman and CEO, stated, “We believe that the investments we are making […]

  • 12 January 2012
    Business & Finance

    Hess Corporation, with headquarters in New York announced today a 2012 capital and exploratory budget of $6.8 billion, nearly all of which is targeted for Exploration and Production: $2.5 billion for unconventionals, $1.6 billion for production, $1.8 billion for developments and $800 million for exploration. John B. Hess, Chairman and CEO, stated, “We believe that […]

  • 23 December 2014

    Hess Corporation’s Australian subsidiary, Hess Exploration Australia Pty Ltd, has signed a non-binding Letter of Intent (LOI) with the North West Shelf (NWS). Hess intends to develop its natural gas discoveries in its deepwater permits offshore northwestern Australia and, subject to execution of binding agreements, toll the production through existing NWS processing and liquefaction facilities […]

  • 4 March 2013

    Hess Corporation announced several initiatives marking the culmination of its multi-year strategic transformation into a pure play exploration and production (E&P) company. The company also announced a slate of five highly qualified independent director nominees for election at this year’s Annual Meeting, and appointed an additional independent director who will stand for election at the […]

  • 9 January 2011

    Hess Corporation announced a 2011 capital and exploratory budget of $5.6 billion, nearly all of which is targeted for Exploration and Production: $3.1 billion for production, $1.6 billion for developments and $900 million for exploration. John B. Hess, Chairman and CEO, stated, “We are pleased to have a global portfolio of attractive investment opportunities. We […]

  • 7 March 2017

    Much has been said about the shale revolution and the low oil prices effects during the first day of the CERAWeek conference in Houston. On the other hand, not so much attention was given to the offshore part of the industry. This was also acknowledged by John Hess, the CEO of Hess Corporation, a U.S. based […]

  • 22 May 2014

    Hess Corporation has agreed to sell its retail business to Marathon Petroleum Corporation for a total cash consideration of $2.6 billion. Hess Retail is the largest chain of company operated gas stations and convenience stores along the East Coast with 1,342 locations. Proceeds from the sale will be used for additional share repurchases and the […]

  • 6 July 2018
    Business & Finance

    MISC Berhad has signed a long-term charter contract with the Hess for the lease of an FSO known as FSO Mekar Bergading on a bareboat basis.

  • 2 October 2015
    Exploration & Production

    Malaysia’s Perisai Petroleum has informed that Hess Corporation has hired its Perisai Pacific 101 jack-up rig. The company explained in a Bursa Malaysia filing on Friday that the contract agreed between its 51%-owned subsidiary Perisai Offshore Sdn Bhd and Hess, was actually a farm-out agreement. This means that the rig, originally contracted by the Malaysian […]