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Hess Increases Capex to $2.6 Billion, Guyana an Oil Standout During Energy Transition

Hess Increases Capex to $2.6 Billion, Guyana an Oil Standout During Energy Transition

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Industry Segment: Production | Word Count: 602 Words

SUGAR LAND--January 26, 2022--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--Apparently enticed by currently high commodity prices, Hess Corporation (NYSE:HES) (New York, New York) said Tuesday it is planning an increase in capital spending, though much of the focus is on developments offshore Guyana.

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