Hess: The Oracle of Lean in Oil and Gas
Lean times require lean measures. And the oracle of lean in oil and gas is New York City-based Hess Corp., which has found that the process of continuous improvement at the center of lean manufacturing also creates the opportunity for profit in a commodity resource business.
CERAWeek Video: Hess CEO Sees Developing Gap Between Supply, Demand
The energy industry’s lack of investment in offshore long-cycle projects is bound to create a widening gap between supply and demand by 2020, Hess CEO John Hess recently told a gathering of energy industry leaders, experts, government officials and policymakers in Houston.
Hess in the Media: Stampede, North Malay Basin Highlighted as Upcoming Cash Generators in Hess CAPEX Budget
A Subsea Engineering News article reported that “Stampede stays on track for 2018 first oil” and provided updates on the Stampede and North Malay offshore development projects.
Hess in the Media: E&P Magazine Features Innovation, Collaboration at Stampede
E&P Magazine featured Stampede as its February 2017 cover story on “Innovation through Collaboration.” The article examined how Hess and Heerema Marine Contractors collaborated to install 12 piles in 12 days leveraging Lean thinking to create value and improve safety, quality, delivery and cost.
Hess Reports Estimated Results for the Fourth Quarter of 2016
“We see 2017 as the start of an exciting new chapter of value-driven growth for our company and our shareholders,” Chief Executive Officer John Hess said. “We are increasing activity in the Bakken, our two offshore developments at North Malay Basin in the Gulf of Thailand and Stampede in the Gulf of Mexico are on track to come online in 2017 and 2018, and the Liza Field in Guyana is one of the industry’s largest oil discoveries in the last 10 years.”
Hess Recognized Among World’s 100 Most Sustainable Corporations
Hess Corporation has been recognized as one of the Global 100 Most Sustainable Corporations for the third time by the Toronto-based media and investment research firm Corporate Knights. The 2017 list was announced at the World Economic Forum in Davos, Switzerland.