Newsroom

The ONE GUYANA floating, production, storage and offloading (FPSO) vessel arrived at the Stabroek Block offshore Guyana this week. This FPSO will operate at Yellowtail, the fourth and largest oil development on the block to date, with an initial production capacity of approximately 250,000 gross barrels of oil per day.

In early February, Hess brought online two 4-mile lateral wells in North Dakota. These were the first 4-mile laterals drilled in the state and represent a technical and strategic achievement with a number of benefits.

The American Petroleum Institute’s (API) 2025 State Of American Energy (SOAE) previewed opportunities for our country generated by U.S. oil and natural gas. John Hess, CEO of Hess Corporation and API Chairman, discussed the outlook for American energy in a Q&A with API President and CEO Mike Sommers.

Guyana’s Stabroek Block reached a significant production milestone this week – 500 million barrels of oil produced less than five years after Guyana became an oil-producing nation.

Guyana’s progress in building a model national healthcare system was the focus of a recent panel discussion at the Concordia Annual Summit in New York City.

Hess recently provided a comprehensive review of the company’s 2023 performance and progress on environmental, social and governance (ESG) programs and initiatives. The 2023 review shows how sustainable business practices are integrated into the company’s strategy, goals, metrics and daily operations for the benefit of all of its stakeholders.

The historic REDD+ Carbon Credits Purchase Agreement between Hess and the country of Guyana, announced on December 2, 2022, stands as one of the largest private-sector forest preservation pacts worldwide.

Hess is the first operator in the Bakken to introduce electric hydraulic fracturing, replacing diesel-driven equipment to reduce CO2 emissions, and enhance operational efficiency and safety.

Hess Corporation announced it has made a final investment decision to proceed with Whiptail, the sixth development on the Stabroek Block, after receiving government and regulatory approvals.

Renovated laboratory includes new technology to support remote, digital readings of pathology samples.

Hess Corporation has been recognized for climate change stewardship in CDP’s Climate Change Scores for 2023, significantly outperforming the oil & gas extraction and production sector average, the overall North American regional average and the global average.