Tagged Hess

Hess Corporation swings to first-quarter profit

By Bojan Lepic Oil and gas company Hess Corporation has reported a net income of $252 million in the first quarter of 2021, a completely different picture than the one from the first quarter of 2020 when the… … Read Full Article Here For more great articles: Offshore Energy Today

Hess offloads Denmark assets to Ineos for $150 million

By Nermina Kulovic Hess Corporation has entered into an agreement to sell its subsidiary Hess Denmark to Ineos E&P for a total consideration of $150 million. The post Hess offloads Denmark assets to Ineos for $150… … Read Full Article Here For more great articles: Offshore Energy Today

Hess allocates 41 pct of budget to Guyana projects

By Nermina Kulovic Hess Corporation has allocated the majority of its E&P budget for 2021 to Guyana developments and the Bakken with Guyana getting 41 per cent. The post Hess allocates 41 pct of budget to Guyana… … Read Full Article Here For more great articles: Offshore Energy Today

Hess sinks deeper into the red but production grows

By Nermina Kulovic Hess Corporation saw its net loss deepen in the third quarter of 2020 compared to the prior-year period while its production increased by 11 per cent. The post Hess sinks deeper into the red but… … Read Full Article Here For more great articles: Offshore Energy Today

Hess sinks deeper into the red

By Nermina Kulovic Hess sank deeper into the red during the second quarter of the year compared to the same period last year as its revenues dipped on lower oil and gas prices. The post Hess sinks deeper into the… … Read Full Article Here For more great articles: Offshore Energy Today

Malaysian contractor snaps up two offshore deals

By Bojan Lepic Two subsidiaries of Malaysia’s engineering services company T7 Global were awarded contracts from Carigali Hess and PTS Resources. The post Malaysian contractor snaps up two offshore deals appeared… … Read Full Article Here For more great articles: Offshore Energy Today

Hess posts $2.4 billion loss

By Nermina Kulovic Hess Corporation booked a loss for the first quarter of 2020 due to impairment charges resulting from the low oil price environment. The post Hess posts $2.4 billion loss appeared first on Offshore… … Read Full Article Here For more great articles: Offshore Energy Today

Hess shaves off $800 million of its budget for 2020

By Offshore Energy Today.. In light of the current low oil price environment and market volatility, U.S. oil and gas company Hess Corporation has revealed a plan for a significant reduction to its 2020 capital and exploratory… … Read Full Article Here For more great articles: Offshore Energy Today