Hess
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The latest success for the ExxonMobil-led consortium is also adding drillships to support a 15-well campaign in the Stabroek Block. -
It won’t happen overnight, but a growing number of US shale players are taking important steps to bring more automation and stage-level decision making to the hydraulic fracturing process in tight reservoirs.
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A lot has been learned about shale, but those working to eke out oil from that ultratight rock still extract more value from data than physics.
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Up to 10 FPSOs could be needed to fully develop the discovered resource base in the area.
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The acquisition adds 2 or 3 years to Enerplus Corporation's development inventory, it said of the cash deal that follows its purchase of Bruin E&P earlier this year.
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Oil boss tells CERAWeek attendees a healthy oil industry will push green energy investment.
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The Hassa-1 exploration well in the prolific Stabroek Block was the giant’s second setback to its drilling campaign in recent months.
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Hess Corp. sold its stake in the Shenzi development to BHP for $505 million to help pay its share of the cost of developing discoveries offshore Guyana.
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With oil prices still low, Hess decided to sell a stake in one offshore project to help pay to develop a much larger one.
