LogIn LogOut

Hess Points to Higher E&P Budget for 2019

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)



Current News

Jindal Bags 3-Year Jack-Up Rig Charter with ONGC

Jindal Bags 3-Year Jack-Up Rig Charter with ONGC

Malaysia Offshore Rig Sinking: All 101 Crewmembers Brought to Shore Safely

Malaysia Offshore Rig Sinking: All 101 Crewmembers Brought to Shore Safely

Northern Offshore Services Takes NYK's CTV on Ten-year Charter

Northern Offshore Services Takes NYK's CTV on Ten-year Charter

Renewables to Grow Much Faster Than Oil Industry Expects, Rystad Says

Renewables to Grow Much Faster Than Oil Industry Expects, Rystad Says

Fred. Olsen Windcarrier Sends Another Jack-Up to APAC, as Siemens Gamesa Extends Brave Tern Charter

Fred. Olsen Windcarrier Sends Another Jack-Up to APAC, as Siemens Gamesa Extends Brave Tern Charter

Exxon Expects $200M in Job Cuts Charges

Exxon Expects $200M in Job Cuts Charges

Saudi Aramco Awards Ten-Year Deal for Shelf Drilling's Jack-Up Rig

Saudi Aramco Awards Ten-Year Deal for Shelf Drilling's Jack-Up Rig

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