Tag: Hess

Hess shareholders approved the proposed $53 billion merger with Chevron that paves the way for the No. 2 U.S. oil company to gain a prize asset and a foothold in rival Exxon Mobil's massive Guyana discoveries.

Exxon Mobil Corp and its partner Hess Corp expect the large Stabroek oil block offshore Guyana to contain about 25 percent more recoverable resources than estimated.

Subsea 7 has been awarded a contract by the Hess Corporation for installation work in support of the Stampede Project in deepwater US Gulf of Mexico (GoM).The scope of work involves installation of flowlines, steel catenary risers, umbilicals, jumpers and associated subsea architecture that tie back two drill centres to a tension leg platform hosting drill centres, water injection and gas lifts.

Hess Corporation has announced that it will pursue the sale of its terminal network in the United States. Hess also announced that it will complete its exit from the refining business by closing its Port Reading, New Jersey refinery. “By closing the Port Reading refinery and selling our terminal network, Hess will complete its transformation from an integrated oil and gas company to one that is predominantly an exploration and production company and be able to redeploy substantial additional capital to fund its future growth opportunities,” said John Hess, Chairman and CEO. The terminal network is located along the U.S.

  Williams Partners has awarded Wood Group’s Alliance Engineering with the detailed engineering and design of the topside facilities and deck for their Gulfstar FPS spar production platform.