Post Tagged with: "Hess Corporation"

Source: Houston Chronicle

Hess bucks trend on spending because of Exxon-led Guyana growth

Houston Chronicle


As most of the oil industry cuts back on spending, Hess Corp. said Tuesday it will allocate more money this year to its growth in the tiny South American country Guyana.

After the Exxon Mobil-led partnership with Hess …

Source: Reuters

Exclusive: Guyana opening search for oil firm to trade its crude – official

Reuters


GEORGETOWN – Guyana’s government next month plans to begin a search for an oil company or trading firm to market its share of the South American country’s crude, the director of the Department of Energy, Mark Bynoe, said in …

Source: guyanatimesgy.com

Bankers ‘bombard’ Guyana with financing plans as oil boom begins: finance minister

Reuters


GEORGETOWN (Reuters) – Bankers are “bombarding” Guyana with offers of financing backed by future oil production, the finance minister told Reuters, but the South American nation is rejecting the proposals to avoid the excessive borrowing that has plagued other …

Source: Reuters

Vessel carrying Guyana’s first-ever oil cargo sets sail for the U.S.: Tanker Trackers

Reuters


A vessel carrying about 1 million barrels crude oil from Guyana set sail on Monday for the United States, according to vessel tracking service TankerTrackers.com, ushering the tiny South American nation into ranks of the world’s oil exporters.

The …

Source: Reuters

Hess posts loss as lower oil prices cap production gains

Source: Reuters


(Reuters) – Hess Corp (HES.N) reported a quarterly loss on Wednesday, as lower oil and gas prices limited gains from higher production, sending its shares down nearly 5%.

The results come a day after shale player …

Heard on the Call: Oil & Gas CEOs Speak Up

Heard on the Call: Oil & Gas CEOs Speak Up

As oil and gas companies dive into the Q4 earnings season in the coming days and weeks, more and more chief executives at E&Ps and oilfield service companies will share their insight as to their recent operations, thoughts about where …

Valhall Drilling Platform, Norway

Hess Corporation Replaced 351% of Production for ~$5 F&D per Barrel

Hess Corporation (ticker: HES) reported a net loss of $2.677 billion, ($8.57) per share, in the fourth quarter of 2017. For reference, the company had a net loss of $4.892 billion in the fourth quarter of 2016.

Fourth quarter 2017 …

Hess Moves Guyana Resource Estimate Closer to 1.4 Billion BOE

Hess Moves Guyana Resource Estimate Closer to 1.4 Billion BOE

Hess’ Liza-3 well offshore Guyana confirms a major oil discovery with breakeven below $40 per barrel

Hess Corporation (ticker: HES) released its third-quarter earnings Wednesday, reporting a loss of $1.12 per share, but the company also updated the markets on …