Newsroom

Focusing on the global offshore market forecast, Offshore Engineer's January 2016 issue featured an op-ed by Rob Fast, Vice President, Offshore - Americas and West Africa.

Hess Corporation (NYSE: HES) announced today a 2016 E&P capital and exploratory budget of $2.4 billion, a 40 percent reduction from its 2015 actual spend of $4.0 billion and approximately 20 percent below preliminary 2016 guidance of $2.9-$3.1 billion provided in October.

Hess Corporation (NYSE: HES) today reported an adjusted net loss, which excludes items affecting comparability, of $396 million or $1.40 per common share, for the fourth quarter of 2015 compared with adjusted net income of $53 million or $0.18 per share in the 2 fourth quarter of 2014.

In an interview with E&P Magazine’s Senior Editor Jennifer Presley, COO Greg Hill outlined how Hess Corporation is making its success repeatable through implementation of Lean manufacturing principles.

Hess Corporation (NYSE:HES) today announced the commencement of concurrent underwritten public offerings of 25,000,000 shares of its common stock and 10,000,000 depositary shares, each of which represents a 1/20th interest in a share of its Series A Mandatory Convertible Preferred Stock (the “Convertible Preferred Stock”), $1.00 par value per share, with a liquidation preference of $1,000 per share of Convertible Preferred Stock (equivalent to $50 per depositary share).

Hess Corporation (NYSE:HES) announced the pricing of its previously announced concurrent underwritten public offerings of 25,000,000 shares of its common stock at a price of $39.00 per share, and 10,000,000 depositary shares, each of which represents a 1/20th interest in a share of its 8.00% Series A Mandatory Convertible Preferred Stock (the “Convertible Preferred Stock”), $1.00 par value per share, with a liquidation preference of $1,000 per share of Convertible Preferred Stock (equivalent to $50 per depositary share), at a price of $50 per depositary share.

CEO John Hess will speak at the Credit Suisse 21st Annual Energy Summit on Feb. 24 at 7:30 a.m. MT.

A magazine focused on supply chain best practices recently highlighted Hess’ application of Lean manufacturing principles. In “Proving Ground,” Hess supply chain professionals discuss how the company is reducing waste and adding value in its supply chain.

Hess CEO John Hess, in a discussion with energy leaders at the annual IHS Energy CERAWeek Conference, said that during this period of low oil prices Hess is guided by three principles: preserve our balance sheet, preserve our operating capability and preserve our long-term growth options.

At the Subsea Tieback Conference, hosted March 22–24 in San Antonio, Texas, Sr. Subsea Engineer Jason Harry will discuss how Hess recently applied subsea CT scanning technology to examine high corrosion potential locations along a flowline at an existing Hess asset.

In a keynote address at the DUG Rockies oil and gas conference in Denver on March 10, Bakken Vice President Gerbert Schoonman described the company’s strategy for keeping that momentum going even in a down market.