Upstream: Hess Checks Off Stampede Installation
Hess has ticked off another milestone in its progress to first oil at the Stampede development in the US Gulf of Mexico, having completed installation of its tension-leg platform offshore. The US independent also said hookup activities had begun for the development in Green Canyon Blocks 468, 511 and 512.
Hess’ 2016 Sustainability Report Shows Continued Progress in Safe, Responsible Business Practices
Hess published its 2016 Sustainability Report, providing a comprehensive review of the company’s strategy and performance on safety, environmental, social and governance programs and initiatives.
Hess Reports Estimated Results for the 2nd Quarter of 2017
Hess Corporation reported a net loss of $449 million, or $1.46 per common share, in the second quarter of 2017 compared with a net loss of $392 million, or $1.29 per common share, in the second quarter of 2016, reflecting a lower effective tax rate in 2017 from the required change in deferred tax accounting.
Hess Announces Sale of Enhanced Oil Recovery Assets in the Permian Basin
Hess Corporation has entered into an agreement to sell its interests in enhanced oil recovery (EOR) assets in the Permian Basin to Occidental Petroleum Corporation for a total consideration of $600 million, effective June 1, 2017.
Hess Schedules Earnings Release Conference Call
NEW YORK--(BUSINESS WIRE)--Jul. 5, 2017-- Hess Corporation (NYSE:HES) announced today that it will hold a conference call on Wednesday, July 26, 2017 at 10 a.m. Eastern Daylight Time to discuss its second quarter 2017 earnings release.
Hess Sanctions Liza Phase 1 Development Offshore Guyana
Hess has sanctioned the first phase of development of the Liza Field, one of the industry’s largest oil discoveries, located on the Stabroek Block offshore Guyana.