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Hess Reports Estimated Results for the Fourth Quarter of 2018

Hess Reports Estimated Results for the Fourth Quarter of 2018

January 30, 2019 No Comments

Key Highlights:  A tenth discovery on the Stabroek Block, offshore Guyana, was announced at the Pluma-1 exploration well located approximately 17 miles south of the Turbot-1 well  Estimate of gross discovered recoverable resources for the Stabroek Block increased to more than 5 billion barrels of oil equivalent (boe); growing resource base further underpins […]

Hess Provides Update on Progress

Hess Provides Update on Progress

December 12, 2018 No Comments

Hess Corporation (NYSE:HES) will provide a detailed update on progress in executing its strategy for long term value creation at its Investor Day today in Houston. The company’s plans through 2025 are expected to deliver strong performance across the following areas: Compound annual production growth of more than 10 percent combined with margin expansion set […]

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Hess Announces 2019 E&P Capital and Exploratory Budget

Hess Announces 2019 E&P Capital and Exploratory Budget

December 10, 2018 No Comments

Hess Corporation (NYSE:HES) today announced a 2019 E&P capital and exploratory budget of $2.9 billion. Of this, approximately 75 percent will be allocated to high return growth assets in the Bakken and Guyana. Net production is forecast to average between 270,000 and 280,000 barrels of oil equivalent per day in 2019, excluding Libya, compared to […]

HESS REPORTS ESTIMATED RESULTS FOR THE THIRD QUARTER OF 2018

HESS REPORTS ESTIMATED RESULTS FOR THE THIRD QUARTER OF 2018

October 31, 2018 No Comments

Hess Corporation (NYSE: HES) today reported net income of $52 million, or $0.14 per common share, in the third quarter of 2018, compared to a net loss of $624 million, or $2.02 per common share, in the third quarter of 2017. On an adjusted basis, the Corporation reported net income of $123 million, or $0.38 […]

Wood secures $250M in US midstream sector contracts

Wood secures $250M in US midstream sector contracts

October 9, 2018 No Comments

Wood has secured a string of new midstream sector contracts across the US, solidifying its place in what the company considers to be a key growth market. With a combined revenue of approximately $250 million of new midstream sector work won year to date, Wood is delivering construction, fabrication, engineering and operations & maintenance services […]

ExxonMobil Earnings Increase 16 Percent to $4.7 Billion in First Quarter 2018

ExxonMobil Earnings Increase 16 Percent to $4.7 Billion in First Quarter 2018

April 30, 2018 No Comments

Exxon Mobil Corporation announced estimated first quarter 2018 earnings of $4.7 billion, or $1.09 per share assuming dilution, compared with $4 billion a year earlier. Cash flow from operations and asset sales was $10 billion, including proceeds associated with asset sales of $1.4 billion. During the quarter, the corporation distributed $3.3 billion in dividends to […]

Bakken Is Booming Once Again

Bakken Is Booming Once Again

April 3, 2018 No Comments

The Permian has been stealing headlines and analyst attention over the past year, and rightly so, as it’s the only U.S. shale play that continued to grow even when all others suffered during the downturn. But higher oil prices over the past few months have prompted drillers to grow production not only in the Permian, […]

Hess Reports Estimated Results for the Fourth Quarter of 2017

Hess Reports Estimated Results for the Fourth Quarter of 2017

February 5, 2018 No Comments

A sixth oil discovery on the Stabroek block, offshore Guyana (Hess 30 percent), was announced at the Ranger-1 exploration well located approximately 60 miles to the northwest of the Liza Field  Total recoverable resources estimate from five previous Guyana discoveries increased to more than 3.2 billion barrels of oil equivalent (boe) from previous range […]

Earthstone Announces Sale Of Bakken Assets

Earthstone Announces Sale Of Bakken Assets

November 21, 2017 No Comments

Earthstone Energy, Inc. (NYSE: ESTE) (“Earthstone” or the “Company”), today announced that it has entered into a definitive agreement to sell its Bakken assets for approximately $27 million in cash to an unaffiliated party. The transaction is subject to customary closing conditions and adjustments. The effective date will be December 1, 2017 and is expected […]

Australia is forecast to become an energy giant

Australia is forecast to become an energy giant

October 17, 2017 No Comments

Whenever we hear about energy and rich oil and gas, reserves in the Middle East region, Russia and the United States strike our minds. Nobody may imagine that Oceania and Australia sit atop huge oil and gas deposits. Whenever we hear about energy and rich oil and gas reserves the Middle East region, Russia and […]

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