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Hess took a successful “leap of faith” in creating a multi-supplier forum to foster collaboration on its Stampede deepwater project.

Why first production from North Malay basin is a win-win for company and country.

The 50:50 joint venture partners in the North Malay Basin are looking ahead to a five-well appraisal drilling campaign that will help them evaluate the viability of future tie-in projects, writes Russell Searancke.

NEW YORK--(BUSINESS WIRE)--Oct. 10, 2017-- Hess Corporation (NYSE: HES) announced today that it will hold a conference call on Wednesday, October 25, 2017 at 10 a.m. Eastern Daylight Time to discuss its third quarter 2017 earnings release.

The Stampede team commissioned a multipurpose dynamic simulator (MPDS) that was crucial to both successful engineering design and operations training, according to an article in American Oil & Gas Reporter magazine.

Hess Corp. is advancing the development of its Stampede project in the deepwater Gulf of Mexico, with first production expected in the first half of 2018.

Hess announced today that it has entered into an agreement to sell its interests in offshore Equatorial Guinea to Kosmos Energy and Trident Energy for a total consideration of $650 million, effective January 1, 2017.

“With the continued success of our asset sale program, we are focusing our portfolio on higher return assets and reducing our breakeven oil price,” CEO John Hess said.

Hess reported a net loss of $624 million, or $2.02 per common share, in the third quarter of 2017 compared with a net loss of $339 million, or $1.12 per common share, in the third quarter of 2016.

When oil and gas companies think digital, they see opportunities to add value by putting technologies such as machine learning, robotics and predictive analytics to use across the entire E&P lifecycle.

Hess has been recognized for climate change stewardship, achieving leadership status in CDP’s 2017 Global Climate Analysis. This is the ninth consecutive year that Hess earned this recognition from CDP, an international nonprofit group seeking to drive sustainable economies.