Hess Expects Output Growth Through 2025
U.S. producer Hess Corp said on Wednesday it expects oil and gas output to grow more than 10 percent a year compounded through 2025, citing higher growth opportunities at its Bakken shale and offshore Guyana…
Hess Has No Plans to Sell Remaining Asian Assets
U.S. oil producer Hess Corp has no intention to sell its assets in Asia as the region provides good, steady cash flow and a stable political environment, a senior company executive told Reuters on Tuesday.While…
New Offshore Oil Investments Needed to Avoid Shortages -Hess
Higher investments in offshore oil production are critical to avoiding a supply squeeze by 2020, as expanding shale output will not match projected demand increases in the next few years, U.S. oil producer Hess Corp said on Thursday.
Hess Seeks $30-40 Mln from Schlumberger in Well Valve Dispute
Hess Corp said on Wednesday it was pursuing legal action against Schlumberger NV for as much as $40 million, claiming the oilfield service provider supplied a defective valve for a U.S. Gulf of Mexico oilfield…
With Oil Near $50, U.S. Shale Producers eye Growth
Two years into the worst oil price rout in a generation, large and mid-sized U.S. independent producers are surviving and eyeing growth again as oil nears $50 a barrel, confounding OPEC and Saudi Arabia with their resiliency.
Hess Slashes 2016 Capital Spending 40%
Hess Corp, a U.S. oil company with operations in North Dakota's Bakken Shale, said on Tuesday that it planned to cut capital spending by 40 percent this year because of the sharp downturn in crude prices.
'Ducks' and Oil: Near Term US Crude Deluge Unlikely
Conventional wisdom holds that come June a pending $5.3 billion tax break in the No. 2 U.S. oil producing state, combined with a modest uptick in oil prices, will unleash a tsunami of new shale crude supply so big that prices may slump again.
Hess Mirrors Toyota Manufacturing Process
Oil producer Hess Corp has turned to a manufacturing process developed by automaker Toyota Motor Corp to cut costs and boost production as crude oil prices lag. Deploying a process called Lean manufacturing…
