Hess Acquires Interest in New Acreage Offshore Guyana
Hess Corporation Logo header
SEARCH

Hess Acquires Interest in New Acreage Offshore Guyana

  • 02-28-18_Guyana-Map02_1008x567 (5)
04.26.2018

Hess today announced that its subsidiary, Hess Guyana(Block B) Exploration Limited, had reached agreement with Esso Exploration and Production Guyana Limited (ExxonMobil) to acquire a 15 percent participating interest in the Kaieteur Block, offshore GuyanaThe Cooperative Republic of Guyana has provided Hess and ExxonMobil an instrument detailing the transfer of interest, which has been completed.

“Our interest in the Kaieteur block extends our company’s already significant acreage position in the prolific Guyana-Suriname Basin, which has delivered seven world class oil discoveries to date,” said CEO   John Hess  . “We look forward to working with our partners and the Government of Guyana to evaluate the potential of this highly prospective acreage.”

Full story
Related News
  • Hess Ranked No. 9 on 100 Best Corporate Citizens List of 2020

    Hess has once again been recognized as the No. 1 oil and gas company on the 100 Best Corporate Citizens list, ranking No. 9 on the 2020 list for outstanding environmental, social and governance (ESG) transparency and performance. The annual list ranks the Russell 1000 Index of U.S. public companies based on an independent assessment by ISS-ESG.
    Full story
  • Hess to Participate in J.P. Morgan 2020 Energy, Power & Renewables Conference

    John Hess, Chief Executive Officer, will participate in a Fireside Chat at the J.P. Morgan 2020 Energy, Power & Renewables Conference June 16 at 4:20 p.m. Eastern Time. A live audio webcast and a replay of the discussion will be accessible via Hess Corporation’s website.
    Full story
  • Hess Reports Estimated Results for the First Quarter of 2020

    Hess Corporation (NYSE: HES) today reported a net loss of $2,433 million, or $8.00 per common share, in the first quarter of 2020, including impairment and other after-tax charges of $2,251 million resulting from the low price environment, compared with net income of $32 million, or $0.09 per common share, in the first quarter of 2019. On an adjusted basis, the Corporation reported a net loss of $182 million, or $0.60 per common share, in the first quarter of 2020.
    Full story