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Hess Presses Forward on Bakken, Guyana Projects, Maintains Capex Outlook


Industry Segment: Pipelines | Word Count: 720 Words
Attachment: Hess Bakken 0720, Hess Liza 0720

SUGAR LAND--July 30, 2020--Researched by Industrial Info Resources (Sugar Land, Texas)--The COVID-19 pandemic may have roiled the global Oil & Gas Industry, but midstream major Hess Corporation (NYSE:HES) (Houston, Texas) is doing its best to keep some of its highest-profile projects on schedule. The company is maintaining its full-year 2020 capital-spending plan for exploration and production (E&P) at about $1.9 billion, and it is notching up progress on multi-phase developments in the Bakken Shale and the Gulf of Mexico. In total, Industrial Info is tracking about $4 billion worth of active project involving Hess worldwide.

Within this article: Details on some of the top-valued projects from Hess, including its assets in the Bakken Shale and its development offshore Guyana, the latter in partnership with Exxon Mobil Corporation (NYSE:XOM) and China's CNOOC.

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