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Hess is a leading shale oil and gas producer, one of the largest producers in the deepwater Gulf of Mexico and a key natural gas producer and supplier to Peninsular Malaysia and Thailand. The company is also engaged in exploration and appraisal activities offshore Guyana, participating in one of the industry’s largest oil discoveries in the past decade, as well as the Gulf of Mexico and ...
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Hess is an established operator and key gas supplier to Peninsular Malaysia and Thailand. The Hess-operated North Malay Basin is a development of 10 discovered gas fields in the Malay Basin. Phase 1 of full field development achieved first gas in 2017, just three years after sanction.
Hess a nnounced two new discoveries at the Yarrow-1 and Sailfin-1 wells on the Stabroek Block offshore Guyana.The discoveries, which are the eighth and ninth this year, will add to the block’s previously announced gross discovered recoverable resource estimate of approximately 11 billion barrels of oil equivalent.
Chevron Corporation (NYSE: CVX) announced today that it has entered into a definitive agreement with Hess Corporation (NYSE: HES) to acquire all of the outstanding shares of Hess in an all-stock transaction valued at $53 billion, or $171 per share based on Chevron’s closing price on October 20, 2023.
Mar 7, 2024 · Hess Corporation is a global integrated energy company engaged in the exploration for and the production of crude oil and natural gas, the refining of crude oil and the sale of refined products, natural gas and electricity.
Hess has earned a reputation for top-quartile performance in unconventional oil and gas production in the U.S. Our Onshore team is recognized as an industry-leading operator in a key U.S. shale play — the North Dakota Bakken and Three Forks formations — where we produce shale oil and gas.
