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In the Media: Hess Advances Stampede Project in Deepwater GoM
Stampede's tension leg platform has been installed and a two-rig drilling program under way, keeping the deepwater Gulf of Mexico project on track for first production in the first half of 2018.
Latest Hess News
Hess in the Media: Unraveling the Bakken's EOR complexity
Building on the many years of experience it built in its Permian Basin enhanced oil recovery (EOR) operations, Hess began an EOR R&D project in 2015 in the Bakken Shale. In 2016 the company drilled a gas injection and a production well targeting the Middle Bakken at Ross Field in Mountrail County, N.D., in the company's Red Sky acreage as part of the project.
Hess Announces $1.0 Billion Share Repurchase Program
The Hess Board of Directors has authorized the purchase of $1.0 billion of Hess common stock by the end of 2018. The newly authorized program is in addition to the $500 million share repurchase program Hess announced in late 2017.
Hess Announces Seventh Oil Discovery Offshore Guyana
Hess announced a seventh oil discovery offshore Guyana, following drilling at the Pacora-1 exploration well. The Pacora-1 well is located approximately four miles west of the Payara-1 well, and follows previous discoveries on the Stabroek block at Liza, Payara, Liza Deep , Snoek, Turbot and Ranger.
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