Hess production beats guidance
Multinational Hess Corp
In its financial result statement for the first three months of 2017, Hess said production was recorded at 311,000 boepd. The figure included 4,000 bopd from Libya that recently came back on stream.
A sequential increase in oil and gas production from the US Bakken play bolstered the company’s performance, and helped to keep output level compared with the fourth quarter of 2016.
Year-on-year, Hess still lags behind the 350,000 bopd recorded over the first quarter of 2016.
The company quarterly loss, however, narrowed from 509 million in 2016 to USD 324 for the first quarter of this year.
Recent Posts
BW Energy makes substantial oil discovery offshore Gabon
BW Energy has made a substantial oil discovery in the DHIBM-7P pilot well of the Hibiscus field offshore Gabon, the company… Read More
Aramco signs three MoUs to develop low-carbon tech
Saudi Aramco has signed three MoUs with US companies to advance the development of potential lower-carbon energy solutions, the company… Read More
Iberdrola to triple offshore wind assets to $18 billion
Spain's Iberdrola plans to triple its offshore wind assets in the coming years, bringing their value to USD 18 billion,… Read More
Angola’s Azule Energy awards Saipem $850-million contract
Saipem has been awarded a USD 850-million contract for subsea works in Angola by local BP-Eni joint venture Azule Energy,… Read More
Arrow Exploration spuds new well in Colombia
Arrow Exploration has spud a new production well on the Tapir block in Colombia’s Llanos Basin, the company announced on… Read More