Hess Points to Higher E&P Budget for 2019

By John Benny
Wednesday, October 31, 2018

U.S. oil and gas producer Hess Corp said on Wednesday its exploration and production budget in 2019 would be closer to $3 billion.

The company said it expects capital expenditure to average about $3 billion through 2025, up from its current-year forecast of $2.1 billion.

Chief Financial Officer John Rielly also said, on a call with analysts, the company plans to bring 50 percent more wells online in its Bakken oilfield in 2019, compared to 2018.

(Reuters, Reporting by John Benny in Bengaluru)

Categories: Exploration People & Company News Offshore Energy Shale Oil & Gas

Related Stories

Hibiscus Petroleum Starts Drilling at Teal West Field off UK

Hibiscus Petroleum Starts Drilling at Teal West Field off UK

Brownfield Output Decline Accelerates, says IEA

Brownfield Output Decline Accelerates, says IEA

Saipem Bags $1.5B Contract for Türkiye Largest Offshore Gas Field

Saipem Bags $1.5B Contract for Türkiye Largest Offshore Gas Field

TotalEnergies Inks 10-Year LNG Supply Deal with South Korea’s KOGAS

TotalEnergies Inks 10-Year LNG Supply Deal with South Korea’s KOGAS

PTTEP Greenlights $320M Offshore CCS Project at Arthit Gas Field in Thailand

PTTEP Greenlights $320M Offshore CCS Project at Arthit Gas Field in Thailand

Marco Polo Picks Salt Ship Design for Next-Gen Offshore Energy CSOV

Marco Polo Picks Salt Ship Design for Next-Gen Offshore Energy CSOV

Technip Energies Gets FEED Job for Inpex’ Abadi LNG Project in Indonesia

Technip Energies Gets FEED Job for Inpex’ Abadi LNG Project in Indonesia

Keppel, Seatrium in $53M Arbitration Case Over Brazil Corruption Scheme

Keppel, Seatrium in $53M Arbitration Case Over Brazil Corruption Scheme

Dutch Contractor Completes Malaysia’s Largest 'Rig-to-Reef' Decom Project

Dutch Contractor Completes Malaysia’s Largest 'Rig-to-Reef' Decom Project

Fugro Expands Geotechnical Testing Capabilities in Indonesia

Fugro Expands Geotechnical Testing Capabilities in Indonesia

Current News

Hibiscus Petroleum Starts Drilling at Teal West Field off UK

Yinson Production Nets DNV Approval for New FPSO Hull Design

Hanwha Ocean's Tidal Action Drillship Starts Maiden Job with Petrobras

Petronas to Leverage AI to Expedite Oil and Gas Exploration Activities

Brownfield Output Decline Accelerates, says IEA

PV Drilling Takes Ownership of Noble Corporation’s Stacked Jack-Up Rig

Hanwha Ocean Enlists ABB for Singapore’s First Floating LNG Terminal

Aquaterra Energy Nets Subsea Analysis Contracts with INPEX off Indonesia

POSH Set to Tow Nguya FLNG from China to Eni’s Congo Field

Chinese Contractor Secures Offshore Oil and Gas ‘Mega Deal’ from QatarEnergy

photo

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com