Hess to Present at Credit Suisse Energy Summit

Hess Corporation has replaced diesel fuel with electricity to power its four Bakken drilling rigs – a project that over the next five years is expected to reduce the greenhouse gas emissions from these rigs by approximately 50% and energy costs from these rigs by nearly 70%. The change has also reduced truck traffic, noise and odors that result from delivery and use of diesel fuel.

Eight members of Congress joined senior Hess leaders earlier this month on a tour of the Hess Stampede facility in the Gulf of Mexico to learn about Hess’ business and the policy issues impacting the asset. The delegation was led by House Majority Leader Steve Scalise, R-La, whose Louisiana district includes Port Fourchon, home of the Hess Shorebase.

Hess Corporation recently announced it has made a final investment decision to proceed with Uaru, the fifth development on the Stabroek Block, after receiving government and regulatory approvals. Uaru will have a production capacity of approximately 250,000 gross barrels of oil per day with production targeted to startup in 2026.