(APA, 6.Nov.2024) — APA Corporation announced its financial and operational results for the third quarter of 2024. Key Takeaways APA reported a loss attributable to [more…]
Tag: Hess
Chevron Reports 3Q:24 Details, Updates on Hess Merger (PDF Downloads)
(Chevron, 1.Nov.2024) — Chevron Corporation reported earnings of $4.5bn ($2.48 per share – diluted) for third quarter 2024, compared with $6.5bn ($3.48 per share – [more…]
Hess Says its Net Production in Guyana in the 3Q:24 Rose 57% YOY
(Energy Analytics Institute, 30.Oct.2024) — New York City-based Hess Corporation said its net production in the prolific Stabroek Block offshore Guyana was 170,000 b/d in [more…]
Hess Reports Higher 3Q:24 Adj. Net Income, Higher Bakken Output (PDF Download)
(Hess, 30.Oct.2024) — Hess Corporation reported net income of $498mn, or $1.62 per share, in the third quarter of 2024, compared with net income of [more…]
Hess Gets HSR Clearance for Chevron Merger
(Hess, 30.Sep.2024) — Hess Corporation announced that the Federal Trade Commission (FTC) antitrust review of the Chevron-Hess merger has been completed, satisfying one of the closing conditions for the [more…]
Chevron Agrees Hess CEO Will Not Join Board in Deal with US Regulator, Bloomberg Reports
(Reuters, 26.Sep.2024) — U.S. energy major Chevron has agreed Hess CEO John Hess will not join its board in an agreement with the U.S. Federal [more…]
FTC Set to Greenlight Chevron’s $53bn Buy of Hess
(Reuters, 24.Sep.2024) — The U.S. Federal Trade Commission is expected to greenlight U.S. oil producer Chevron‘s purchase of Hess as soon as this week, two [more…]
Exxon Plans New Guyana Oil Project to Lift Output Into 2030s
(Bloomberg, 18.Jul.2024) — Exxon Mobil Corp. took the first step toward its seventh oil project in Guyana, a clear signal the supermajor intends to expand crude [more…]
Exxon-Hess Arbitration Panel Incomplete, Hess Sale to Chevron Stalled
(Reuters, 20.Jun.2024) — A contract arbitration panel that could block or green-light the $53 billion sale of Hess Corp to Chevron remains incomplete three months after the case [more…]
Fulcrum LNG Named to Help Guyana Develop its Gas Resources
(Reuters, 20.Jun.2024) — U.S. firm Fulcrum LNG was selected to help Guyana develop a plan to design, finance, construct and operate a natural gas processing [more…]
Hess Corp. Receives Stockholder Approval for Proposed $53bn Merger with Chevron
(Hess Corporation, 28.May.2024) — Hess Corporation (NYSE: HES) has received the necessary approval of its stockholders for closing the company’s merger with Chevron Corporation. At the special [more…]
Glass Lewis Urges Hess Shareholders to Vote for Chevron Deal
(Hess, 20.May.2024) — Hess Corporation (NYSE: HES) announced that independent proxy voting and corporate governance advisory firm Glass, Lewis & Co. has recommended that Hess shareholders vote FOR [more…]
Hess Reports Net Production of 190,000 boe/d from Guyana
(Hess, 25.Apr.2024) — Hess Corporation reported that is net Guyana production was 190,000 b/d in the first quarter of 2024, up 70% from 112,000 b/d [more…]
ExxonMobil Guyana Takes $12.7bn FID with Sixth Project Whiptail
(ExxonMobil, 12.Apr.2024) — ExxonMobil has made a final investment decision for the Whiptail development offshore Guyana, after receiving the required government and regulatory approvals. Whiptail, [more…]
Hess Updates Employees on Chevron Merger
(Hess, 7.Mar.2024) — Today, ExxonMobil announced that it is filing for arbitration regarding the applicability of a right of first refusal (ROFR) / pre-emption provision in [more…]
Exxon Signals Potential Counter Offer for Hess’s Guyana Assets
(Reuters, 6.Mar.2024) — Exxon Mobil Corp on Wednesday said it filed a contract arbitration claim related to Hess Corp‘s proposed sale of its Guyana oil properties, [more…]
Exxon’s Curveball Move in Guyana Alters Chevron-Hess Deal Prospects
(Reuters, 28.Feb.2024) — Exxon Mobil‘s surprise challenge to Chevron‘s acquisition of Hess through a dispute over a stake in a major Guyana oil field could [more…]
Guyana Not Against Exxon Acquiring Hess, VP Says
(Reuters, 28.Feb.2024) — Guyana’s vice president Bharrat Jagdeo on Wednesday said the country will accept whatever is the result from discussions between Exxon Mobil Corp, Chevron [more…]
Chevron Deal to Buy Hess at Risk as Exxon, CNOOC Eye Guyana Stake
(MarketWatch, 27.Feb.2024) — Chevron warned it may not complete its planned buyout of Hess as Exxon Mobil and the China National Offshore Oil Corporation are [more…]
Exxon Raises Questions About Chevron’s $53bn Deal for Hess
(The New York Times, 27.Feb.2024) — America’s two largest energy companies, Exxon Mobil and Chevron, are jousting over a prized new source of oil in [more…]
Chevron Corp. Files S-4, Updates on Stabroek JOA
(Energy Analytics Institute, 26.Feb.2024) — Chevron Corporation believes that the $53bn merger with Hess Corporation presents the California-based energy giant with the opportunity to diversify its [more…]
Guyana Is Trying to Keep Its Oil Blessing From Becoming a Curse
(Bloomberg, 15.Feb.2024) — Guyana has undergone a huge transformation in the near decade since a massive oil discovery off its shores. That’s on full display at the [more…]
Hess Reports 4Q:23 Results, Updates on Payara [PDF Download]
(Hess, 31.Jan.2024) — Hess Corporation (NYSE: HES) reported net income of $413mn, or $1.34 per share, in the fourth quarter of 2023, compared with net [more…]
Recording-Setting Transactions in 4Q:23 Worth for Upstream M&A
(Enverus, 23.Jan.2024) — Enverus Intelligence Research (EIR), a subsidiary of Enverus, is releasing its summary of Q4 and full-year 2023 upstream merger and acquisition (M&A) [more…]
Tensions Soar Between Guyana and Venezuela over Essequibo
(AP, 9.Dec.2023) — A century-old territorial dispute deepened by the discovery of oil is boiling over between neighbors Guyana and Venezuela. Steeped in patriotism, the Venezuelan government [more…]
Guyana Greenlights Oil Drilling in Waters Claimed by Venezuela
(AFP, 27.Oct.2023) — The new find, as well as some of the drilling concessions, are in a disputed area whose possible annexation Venezuela is putting to a [more…]
Hess Reports 3Q:23 Operational Highlights [PDF Download]
(Hess, 25.Oct.2023) — Hess Corporation (NYSE: HES) reported net income of $504mn, or $1.64 per share, in the third quarter of 2023, compared with net [more…]
Welligence Says Hess Gives Chevron Atlantic Margin Exposure
(Energy Analytics Institute, 23.Oct.2023) — US-based Chevron Corporation will acquire Hess Corporation for US$60bn (including net debt), the second giant transaction of Oct. 2023 following [more…]
Chevron to Acquire Hess in $53bn All-Stock Deal
(Chevron, 23.Oct.2023) — Chevron Corporation (NYSE: CVX) has entered into a definitive agreement with Hess Corporation (NYSE: HES) to acquire all of the outstanding shares [more…]
EAI’s NRGBriefs: Sep. 2023
(Energy Analytics Institute, 30.Sep.2023) — Energy briefs as well as others related to finance and projects during Sep. 2023 including Petrobras saying that in regards [more…]
Exxon, Hess Exit Kaieteur Offshore Oil Exploration Block in Guyana
(Reuters, 28.Sep.2023) — U.S. oil producers Exxon Mobil (XOM.N) and Hess Corp (HES.N) have withdrawn from exploring the Kaieteur block in Guyana’s deepwaters, Exxon said on Thursday, after disappointing [more…]
Hess Announces Collector’s Edition Ocean Explorer, Now On Sale
(Hess, 15.Sep.2023) — Hess Corporation announced that the special limited Collector’s Edition Ocean Explorer toy, commemorating Hess Corporation’s 90th anniversary, is now on sale exclusively at HessToyTruck.com for $59.99 with free [more…]
Guyana Receives Bids for Eight Blocks, Including from Exxon, Total
(Reuters, 13.Sep.2023) — Guyana has received offers for eight of 14 offshore oil and gas blocks in a bidding round, including from consortiums of oil [more…]
Guyana’s Oil Boom Grabs Bigger Share of European Market
(Reuters, 23.Aug.2023) — Guyana has gained a larger share of Europe’s oil market this year, vessel monitoring data showed, driven by rising output by a [more…]
TotalEnergies Named Most-admired Explorer in WoodMac Survey
(WoodMac, 27.Jun.2023) — French major TotalEnergies has been named the upstream industry’s most-admired explorer and received the Discovery of the Year award in Wood Mackenzie’s [more…]
TotalEnergies Named Most-admired Explorer by WoodMac
(WoodMac, 27.Jun.2023) — French major TotalEnergies has been named the upstream industry’s most-admired explorer and received the Discovery of the Year award in Wood Mackenzie’s industry-leading annual [more…]
Guyana Not Interested in Joining OPEC, VP says
(Reuters, 26.Jun.2023) — Nascent oil producer Guyana is not interested in joining the Organization of the Petroleum Exporting Countries (OPEC), Guyanese Vice-President Bharrat Jagdeo said on Monday, [more…]
Energy Analytics Institute’s NRGBriefs: December 2022
(Energy Analytics Institute, 31.Dec.2022) — Energy briefs as well as others related to finance and politics during December 2022 including Washington’s easing of sanctions on [more…]
Hess Reports Estimated 3Q:22 Results
(Hess, 26.Oct.2022) — Hess Corporation (NYSE: HES) reported net income of $515mn, or $1.67 per common share, in the third quarter of 2022, compared with [more…]
Llano-6 Well, Gulf of Mexico, Achieves First Production
(Hess, 13.Sep.2022) — The Llano-6 well in the Gulf of Mexico delivered first production on 4 Augustm 2022. The well is a tieback to Shell’s [more…]
Gas to Energy Project Supports Guyana’s Use of its Natural Resources
(Hess, 3.Aug.2022) — Hess, ExxonMobil and CNOOC – co-venture partners on the Stabroek Block – recently finalized an agreement with the Government of Guyana for [more…]
New Oil Power Guyana to Surpass US Offshore by 2035
(Forbes, 28.Jul.2022) — As the Biden administration focuses on its efforts to end new leasing and drilling for oil and gas in the Gulf of [more…]
Guyana Moves Ahead with Q3 Oil Block Auction
(Reuters, 25.Jul.2022) — Guyana’s government expects that an upcoming auction for oil and gas blocks will attract new companies to its energy industry, President Irfaan [more…]
NRGBriefs: Hess’ Sustainability Report; Frontera Earnings [PDF Download]
(Energy Analytics Institute, 25.Jul.2022) — Energy briefs including Hess Corporation (NYSE: HES) announcing publication of its annual sustainability report; and Frontera Energy Corporation (TSX: FEC) revealing [more…]
Guyana Announces National Healthcare Initiative
(Hess, 11.Jul.2022) — His Excellency Dr Irfaan Ali announced a national healthcare initiative in collaboration with the Mount Sinai Health System, an internationally recognized healthcare [more…]
Liza Unity Receives ABS’ SUSTAIN-1 Notation
(Energy Analytics Institute, 22.Jun.2022) — The Liza Unity floating production storage and offloading vessel, where oil can be processed, stored and transferred to tankers, is [more…]
Guyana Aims to Avoid Oil Curse by Spending on Health and Education
(FT.com, 2.May.2022) —The president of Guyana, the world’s fastest-growing economy, is inviting investors to back his ambitious vision to transform the small South American country [more…]
Hess’ Exploration Focus: A World Class Petroleum Province Offshore Guyana
(Hess, 26.Apr.2022) — The Stabroek Block, located approximately 120 miles offshore Guyana, is 6.6 million acres. The block is equivalent in size to 1,150 Gulf [more…]
ExxonMobil Increases Stabroek Resource Estimate to Nearly 11 Billion Barrels
(Exxon, 26.Apr.2022) — ExxonMobil has made three new discoveries offshore Guyana and increased its estimate of the recoverable resource for the Stabroek Block to nearly [more…]
NRGBriefs: Exxon, Hess, and CNOOC FID Yellowtail Development
(Energy Analytics Institute, 4.Apr.2022) — Energy briefs including ExxonMobil, Hess and CNOOC taking a final investment decision (FID) for their fourth development offshore Guyana called [more…]
Hess Sanctions Yellowtail Development, Offshore Guyana
(Hess, 4.Apr.2022) — Hess Corporation (NYSE: HES) it has made a final investment decision to proceed with development of Yellowtail offshore Guyana after receiving government [more…]
Hess Recognized for Diversity, Equity and Inclusion
(Hess, 1.Feb.2022) — Hess Corporation (NYSE: HES) achieved a top score of 100% on the Human Rights Campaign’s (HRC) Corporate Equality Index for 2022 and earned [more…]
NRGBriefs: Presidential Elections in Brazil and Colombia
(Energy Analytics Institute, 4.Jan.2022) — Energy briefs including presidential elections in Brazil and Colombia this yr could see showdowns between Lula da Silva and Jair [more…]
NRGBriefs: Hess Says Liza Phase 2 On Track
(Energy Analytics Institute, 28.Oct.2021) — Energy briefs including Hess Corp. confirming that production from its Liza Phase 2 development in Guyana is on track to [more…]
NRGBriefs: Liza Unity FPSO Reaches Guyana
(Energy Analytics Institute, 27.Oct.2021) — Energy briefs including the Liza Unity FPSO reaching Guyana’s prolific Stabroek Block; liquefied petroleum gas (LPG) reaching approximately 12mn users [more…]
MSCI Upgrades Hess To AAA In ESG Rating Assessment
(Hess, 11.Oct.2021) — Hess Corporation (NYSE: HES) received a AAA rating in the MSCI environmental, social and governance (ESG) ratings for 2021 after earning AA [more…]
LatAm Briefs: Train 1 Mothballing, CVP Appointments
(Energy Analytics Institute, 28.Jul.2021) — Energy briefs from the Latin America and Caribbean region including: rising Brazilian imports of US LNG, Ecopetrol’s electric vehicles fleet, [more…]
The SEOGS2021: Day 1 Brief
(Energy Advance, 1.Jun.2021) — The first day at SEOGS 2021 saw an incredible 454 unique viewers tuning in from over 170 different companies to hear [more…]
LatAm Briefs: Ofac Venezuela, SEOGS2021 Kicks Off, Net Zero Summit
(Energy Analytics Institute, 1.Jun.2021) — Energy briefs from the Latin America and Caribbean region including: Ofac extending Chevron’s operating license in Venezuela; Microsoft founder, Bill [more…]
Hess Corp. Reports 1Q:21 Results
(Hess 28.Apr.2021) — Hess reported net income of $252mn, or $0.82 per common share, in the first quarter of 2021, compared with a net loss [more…]
Guyana Should Consider Oil Hedge Now
(Stabroek News, 26.Apr.2021) — December 20th marked the one-year anniversary of oil being lifted from Guyana’s ocean floor. Who has benefitted the most from our [more…]
Hess Updates On Ops In The US, Guyana And Malaysia
(Hess, 27.Jan.2021) — Hess Corporation provided operational highlights from the fourth quarter of 2020 and its operations in the US Bakken, the US Gulf of [more…]
Hess Reports 4Q:20 Net Loss
(Hess, 27.Jan.2021) — Hess Corporation reported a net loss of $97mn, or $0.32 per common share, in the fourth quarter of 2020, compared with a [more…]
Hess Announces 2021 E&P CAPEX Of $1.9bn
(Hess, 25.Jan.2021) — Hess today announced a 2021 Exploration & Production capital and exploratory budget of $1.9bn, of which more than 80% will be allocated [more…]
Hess Reveals 4Q:20 Earnings Conference Call Date
(Hess, 8.Jan.2021) — Hess will hold a conference call on Wednesday 27 January 2021 at 10 a.m. Eastern Time to discuss its fourth quarter 2020 [more…]
Exxon’s To Plug Tanager-1 Well Offshore Guyana
(Westmount, 17.Nov.2020) — Westmount Energy Ltd., further to the announcement by Ratio Petroleum Energy Limited Partnership dated today, that the Tanager-1 well, offshore Guyana, has [more…]
Hess Reports 3Q:20 Results, Ups Guyana Resources
(Hess, 28.Oct.2020) — Hess Corporation reported a net loss of $243 million, or $0.80 per common share, in the third quarter of 2020, compared with [more…]
BHP Buys Additional 28% Interest In Shenzi From Hess
(BHP, 6.Oct.2020) — BHP signed a Membership Interest Purchase and Sale Agreement with Hess Corporation (Hess) to acquire an additional 28% working interest in Shenzi, [more…]
Hess To Divest Interests In Shenzi Field, Gulf of Mexico
(Hess, 5.Oct.2020) — Hess entered into an agreement to sell its 28% working interest in the Shenzi Field in the deepwater Gulf of Mexico to [more…]
Hess Sanctions Payara Development
(Hess, 30.Sep.2020) — Hess made a final investment decision to proceed with development of the Payara Field offshore Guyana after the development plan received approval [more…]
Hess To Participate In Barclays CEO Conference
(Hess Corp., 4.Sep.2020 — Hess announced that John Hess, Chief Executive Officer, will present at the Barclays CEO Energy-Power Conference in New York on 9 [more…]
Stena Inks Deal For Tullow Suriname Well
(Energy Analytics Institute, 1.Sep.2020) — Stena Drilling inked a new contract with Tullow Suriname BV for the Stena Forth drillship to drill one well offshore [more…]
Can Guyana Salvage Its Much-Hyped Oil Boom?
(Oilprice.com, 25.Aug.2020) — The deeply impoverished South American country of Guyana in recent years was heralded as the hottest new oil boom in the Americas. [more…]
ExxonMobil Holding Out For Approval Of Payara Project
(Stabroek News, 13.Aug.2020) — On the heels of President Irfaan Ali’s announcement on Tuesday that the Payara project approval will have to wait on an [more…]
Guyana Election Casts Shadow Over Oil Finds
(Forbes, 1.Aug.2020) — Hess Corp. reported more good news from its joint development of Guyana’s Stabroek Block with ExxonMobil and CNOOC on Thursday. The company [more…]
World’s Newest Oil Boom Is Facing A Major Problem
(Oilprice.com, 22.Jul.2020) — After a series of major offshore oil discoveries since 2015, with the largest ever made earlier this year, the tiny South American [more…]