Hess Corp.’s 2016 exploration and production capital and exploratory budget has been reduced 40% compared to 2015, with the bulk of it going to offshore production, developments, exploration, and appraisals. Tubular Bells in the Gulf of Mexico…
Vallourec delivered 14,000-tonne of premium tubes in the scope of a contract with Hess Corp. for the Stampede project in the US Gulf of Mexico. Stampede is a deepwater subsea development which is located in the Green Canyon Block area…
2H Offshore has been awarded two separate contracts, one by Hess Corp. and a second contract by Enbridge Energy Co., to verify the design, fabrication and installation phases of the steel catenary risers (SCRs) for the Stampede field development in the Gulf of Mexico (GOM)…
Harris CapRock Communications, a provider of managed communications services for remote and harsh environments, has been selected by Hess Corp. to provide a turnkey, integrated telecommunications solution to support the Stampede offshore field development project…
The North Sea operation of a global independent energy company has just completed a contract and was the first to use what is believed to be the world’s largest oilfield drilling bit. Varel Oil & Gas Dill Bits was commissioned by Hess Corp…
In the words of a wildly popular weekly US television series: “BP, you are in danger. Hess…you’re safe!” Due to current low oil price realizations, BP's consolidated cash flows in 1Q fell to about US$1.9 billion, a significant fall from a year ago…
Hess Corp. will host a visit on 9 April of a bipartisan Congressional Delegation to its Tubular Bells oil and gas production facility, located in the Mississippi Canyon area of the deepwater Gulf of Mexico. Tubular Bells…
New York-headquartered Hess says it is cutting its 2015 capital and exploration budget by 16%, compared to 2014, to US$4.7 billion. While the firm said most of the cash (45%/$2.1 billion) would be spent on its unconventional shale resources…
Hess Corp. awarded Proserve a contract worth in excess of US$20 million for the provision of a 12-well subsea control system along with associated topside and subsea interface equipment for the deepwater Stampede development, in the Gulf of Mexico (GoM)…
Hess Corp. began production from the Tubular Bells field, located in the Mississippi Canyon area of the deepwater Gulf of Mexico. The Tubular Bells floating production facility. From Hess…
Hess Corp. is moving forward with the US$6 billion development of the Stampede Field in the deepwater Gulf of Mexico after a final investment decision was reached. Stampede, a joint development of the earlier Knotty Head and Pony discoveries…
Hess Corp. announced on 5 June that it has been ranked No. 1 among the greenest US energy producers according to the just-released “2014 Newsweek (magazine) Green Rankings” of the largest 500 companies in the world. The rankings, now in their sixth year…
PTT Exploration and Production Public Company Ltd. (PTTEP) will acquire 100% equity stakes of Hess Corp in Thailand for US$1 billion. The details of the transaction are as follows: Own 15% interest in block B12/27 (mainly in Pailin…
ONGC Videsh Ltd. finalized a US$1 billion purchase of Hess Corp.'s 2.72% stake in the Azeri, Chirag, and Guneshli fields (ACG), and Hess' 2.36% stake in the associated Baku-Tbilisi-Ceyhan (BTC) pipeline. The deal is worth an estimated US$884 million after tax net proceeds…
ONGC Videsh Ltd. finalized a US$1 billion purchase of Hess Corp.'s 2.72% stake in the Azeri, Chirag, and Guneshli fields (ACG), and Hess' 2.36% stake in the associated Baku-Tbilisi-Ceyhan (BTC) pipeline, both companies announced the closing on April 1…
