Hess Corp (HES.N)
17 Jan 2017
Jan 12 Hess Corp budgeted $2.25 billion for exploration and production this year, higher than the $1.9 billion it spent in 2016, in one of the first signs that the shale industry will spend more in 2017 after years of declines.
Jan 12 Hess Corp said it expected to spend $2.25 billion on exploration and production this year, higher than the $1.9 billion it spent in 2016, in one of the first signs that oil firms will raise their budgets in 2017 after years of declines.
* Hess announces 2017 E&P capital and exploratory budget; provides earnings update for fourth quarter 2016
* Hess announces new oil discovery offshore Guyana, further increasing resource potential Source text for Eikon: Further company coverage:
* CEO John Hess says 2016 E&P capex should be $2 billion, about $100 million below prior estimates
Oct 26 Hess Corp reported a smaller-than-expected quarterly loss on Wednesday as the oil producer kept a tight leash on costs to counter lower prices.
Oct 26 U.S. oil producer Hess Corp reported a bigger quarterly loss hurt by lower commodity prices.
* Hess reports estimated results for the third quarter of 2016
LONDON, Oct 18 The U.S. shale oil industry can maintain flat output if oil prices stay at $50 per barrel, but a price of $60-$80 per barrel is needed to invest in long-cycle projects such as deep-water, the chief executive of oil firm Hess Corp said.