Hess Sticks to Low-CAPEX Diet during Industry Slump, Sees Loss Widen in First Quarter

SUGAR LAND--April 28, 2016--Researched by Industrial Info Resources (Sugar Land, Texas)--Hess Corporation's (NYSE:HES) (New York City, New York) Exploration and Production (E & P) capital and exploratory expenditures were $544 million for first-quarter 2016, down 56% from the same period last year to reflect reduced activities in the U.S., Norway, Equatorial Guinea and Malaysia/Thailand, the oil & gas producer reported Wednesday. Industrial Info is tracking 32 active Hess-related projects worth $13.84 billion. Within this article: Details of the Stampede Oil & Gas Production Platform.