Exxon-led group strikes new oil and gas discovery off Guyana [Reuters]
Hess Corporation (HES)
Last hess corporation earnings: 1/29 07:30 am
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Source: Reuters
Stabroek block offshore Guyana, the company's first announced discovery in the South American country this year. The Bluefin discovery joins more than 30 already since 2015 in the Stabroek block, an 6.6 million acre (26,800 square kilometers) area that has been the site of more than 11 billion barrels of recoverable oil and gas. The Bluefin well, located in the southeastern portion of the Stabroek block and drilled in 4,244 feet of water by the Stena Drillmax drillship, encountered approximately 197 feet of hydrocarbon-bearing sandstone, Exxon said. The company did not estimate recoverable reserves from the discovery. "Our exploration program continues to improve our understanding of the block's potential to drive viable oil-and-gas development," said the head of Exxon's Guyana operations, Alistair Routledge. A consortium led by Exxon began crude output in Guyana in 2019, and has ramped up production to some 650,000 barrels per day this year. The other members of the consort
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HES
News
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- Nordic American Tankers Full Year 2023 Earnings: Misses Expectations [Yahoo! Finance]Yahoo! Finance
- Exxon To Win FTC Approval For $60 Billion Pioneer Deal, Creating Energy Supergiant [zero hedge]zero hedge
- Exxon Set to Win FTC Approval for Pioneer Deal on Settlement [BNN Bloomberg (Canada)]BNN Bloomberg
- URGENT: The M&A Class Action Firm Encourages Shareholders of Hess Corp. to Take Action Before the Merger Vote on May 28, 2024 - HESPR Newswire
HES
Earnings
- 4/25/24 - Beat
HES
Sec Filings
- 5/2/24 - Form 425
- 5/2/24 - Form 8-K
- 4/29/24 - Form 425
- HES's page on the SEC website