Chevron Buys Hess for $53B as Historic M&A Bonanza Continues
U.S. supermajor Chevron Corp. is acquiring Hess Corp. in a $53 billion megadeal—less than two weeks after Exxon Mobil unveiled a nearly $60 billion Permian Basin acquisition. And experts think the historic run of oil patch consolidation is far from over.
Exxon, Hess Exit Kaieteur Offshore Oil Exploration Block in Guyana
Exxon and Hess' exit comes as the producers focus on their larger and highly productive Stabroek block, where more than 11 Bbbl of oil and gas have been discovered so far
E&P Highlights: Aug. 21, 2023
Here’s a roundup of the latest E&P headlines including first production from the Marlim and Voador fields offshore Brazil and new contract awards in the upstream oil and gas industry.
E&P Highlights: Aug. 14, 2023
Here’s a roundup of the latest E&P headlines including plans the Brasse tieback on the Norwegian Continental Shelf and several contract announcements.
Hess: Cash Flow to Rise 25% Annually for Half Decade
U.S. oil producer Hess Corp. expects an increase in cash flow of 25% per year for the next five years, with oil remaining about $75 per barrel, CEO John Hess told an investor conference on June 25.
E&P Highlights: June 20, 2023
Here’s a roundup of the latest E&P headlines including finds offshore Nigeria and Guyana and new contract awards in the upstream oil and gas industry.
Can LatAm Really Revert Its LNG Import Mentality?
The Latin America and Caribbean region has the potential—in theory—to revert its dependency on LNG imports amid rising production and bilateral trade.
E&P Highlights: May 29, 2023
Here’s a roundup of the latest E&P headlines, including a find that could expand the Yggdrasil development in the North Sea and contract awards in the upstream oil and gas industry.
E&P Highlights: May 22, 2023
Here’s a roundup of the latest E&P headlines, including a new find offshore Brazil and new contract awards in the upstream oil and gas industry.
E&P Highlights: May 8, 2023
Here’s a roundup of the latest E&P headlines, including a major discovery in Turkey and a flurry of new contract awards.