Hess

ExxonMobil and Hess led the way in the most active regionwide US gulf lease sale thus far.

These balls have the potential to alter how pipeline inspections are done, and a consortium of pipeline operators and industry experts in North Dakota is examining just how well this emerging technology can handle the small-diameter pipelines in the area.

Scheduled for startup in 2022, the FPSO is expected to produce up to 220,000 BOPD on the development offshore Guyana. Liza is one of eight discoveries ExxonMobil has made in area.

Hess has earned a place as the No. 1 oil and gas company on Corporate Responsibility magazine’s list of 100 Best Corporate Citizens for 2018.

ExxonMobil’s hot streak of offshore discoveries have sparked investor interest in the Guyana-Suriname basin. How did the company get there, and why do industry representatives feel optimistic about future deepwater prospects in the region?

The Hess-operated field, which drew first oil in January, is expected to produce 80,000 BOPD as production ramps up this year.

Despite optimism in a shift from “lower for longer” oil prices, industry executives stressed the value of maintaining efficient operating practices.

A pilot project carried out by Hess demonstrates how quickly automated drilling technology is able to take a rig from the bottom of the pack in terms of performance and push it to the top.