Newsroom

Drillers are inching back to action in North Dakota’s Bakken shale region, a sign of the recovery of the American oil and gas sector, writes the Wall Street Journal.

Hess has sanctioned the first phase of development of the Liza Field, one of the industry’s largest oil discoveries, located on the Stabroek Block offshore Guyana.

Hess Corporation has entered into an agreement to sell its interests in enhanced oil recovery (EOR) assets in the Permian Basin to Occidental Petroleum Corporation for a total consideration of $600 million, effective June 1, 2017.

NEW YORK--(BUSINESS WIRE)--Jul. 5, 2017-- Hess Corporation (NYSE:HES) announced today that it will hold a conference call on Wednesday, July 26, 2017 at 10 a.m. Eastern Daylight Time to discuss its second quarter 2017 earnings release.

Hess Corporation reported a net loss of $449 million, or $1.46 per common share, in the second quarter of 2017 compared with a net loss of $392 million, or $1.29 per common share, in the second quarter of 2016, reflecting a lower effective tax rate in 2017 from the required change in deferred tax accounting.

Hess published its 2016 Sustainability Report, providing a comprehensive review of the company’s strategy and performance on safety, environmental, social and governance programs and initiatives.

Hess has ticked off another milestone in its progress to first oil at the Stampede development in the US Gulf of Mexico, having completed installation of its tension-leg platform offshore. The US independent also said hookup activities had begun for the development in Green Canyon Blocks 468, 511 and 512.

Hess Corporation’s Stampede tension leg platform (TLP) was safely and successfully installed in the deepwater Gulf of Mexico May 25, 2017.

Hess Corporation (NYSE:HES) announced today that John Hess, Chief Executive Officer, will present at the Barclays CEO Energy-Power Conference in New York on September 7, 2017 at 10:25 a.m. ET.

“Our hearts go out to the people impacted by this unprecedented storm,” said CEO John Hess.

The index, which recognizes public companies for outstanding performance across economic, environmental and social factors, is used as a reference by shareholders who consider sustainability when making investment decisions.