Hess Stock News

Guyana has emerged as the hottest offshore drilling location on the continent over the last six years. The swathe of oil discoveries made by ExxonMobil and its partners, Hess and CNOOC, in the offshore Stabroek Block, since 2015, recently saw the energy supermajor upgrade its resources estimate for the block from 9 billion to 10 billion barrels of oil equivalent. The energy supermajors success in offshore Guyana sees it forecasting that it will be pumping over 800,000 barrels of light (32° API gravity) sweet (0.58% sulfur content) crude oil per day by 2026. There are signs that Guyanas oil boom is gaining greater momentum with other international energy companies expressing interest in developing operations in the country. This comes at a time when considerable headwinds regarding the outlook for crude oil exist, including the demand threats posed by the COVID-19 pandemic, the looming arrival of peak oil demand and growing climate change pressures. Despite the risks, Guyana is an attractive jurisdiction for energy companies to operate in because of high-quality crude oil, low breakeven prices and a favorable regulatory environment.

The tiny South American nation of Guyana has emerged as the hottest offshore drilling location on the continent over the last six years. The swathe of oil discoveries made by ExxonMobil and its partners, Hess and CNOOC, in the offshore Stabroek Block, since 2015, recently saw the energy supermajor upgrade its resources estimate for the block from 9 billion to 10 billion barrels of oil equivalent. The energy supermajors success in offshore Guyana sees it forecasting that it will be pumping over 800,000 barrels of light (32° API gravity)

CNOOC Petroleum Guyana Limited (CPGL), a 25 per cent working-interest partner in Guyanas Stabroek Block with ExxonMobil and Hess, donated school supplies and

CNOOC PETROLEUM GUYANA LIMITED, (CPGL), a 25 percent working interest partner in Guyanas Stabroek Block with ExxonMobil and Hess presented donations comprising of school supplies and CNOOC branded items to students and teachers from schools at St Cu

Equities analysts expect Hess Co. (NYSE:HES) to report sales of $2.06 billion for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Hess earnings, with the highest sales estimate coming in at $2.10 billion and the lowest estimate coming in at $2.04 billion. Hess reported sales of $1.42 billion in []

Brokerages expect Hess Co. (NYSE:HES) to announce $0.75 earnings per share for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Hess earnings, with the highest EPS estimate coming in at $0.96 and the lowest estimate coming in at $0.38. Hess posted earnings of ($0.58) per share in the same quarter last []

Equities analysts predict that Hess Co. (NYSE:HES) will announce $2.06 billion in sales for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Hess earnings, with the lowest sales estimate coming in at $2.04 billion and the highest estimate coming in at $2.10 billion. Hess reported sales of $1.42 billion []

to focus on mega-profits from Stabroek Block Kaieteur News International media reports have revealed that Hess Corporation intends to shed more global assets to focus on the mega-profits to be had from its 30 percent stake in the oil-rich Stabroek Block. Specifically, Argus Media noted that TotalEnergies and ConocoPhillips will purchase Hess 8.16% []

Kaieteur News We have to take off our hat to Exxon and Hess, and the others exploring Guyanas oilfields. These Americans never let up, never miss a beat, never allow an opportunity to go by to extract more out of Guyana. This is what we headlined in a recent edition of ours: Exxon wants []

Shares of Hess Co. (NYSE:HES) traded up 5% on Tuesday . The stock traded as high as $82.02 and last traded at $81.52. 42,960 shares changed hands during mid-day trading, a decline of 98% from the average session volume of 2,093,020 shares. The stock had previously closed at $77.61. Several research analysts have recently weighed []

Mizuho Securities Stick to Their Buy Rating for Hess

TotalEnergies has confirmed its interest in Hess'' stake in Waha and set out plans for 500 MW of solar capacity in Libya.

Kaieteur News The secret signing of the US$18M signing bonus between Esso, Hess and CNOOC, on the one hand, and the Government of Guyana, on the other hand, raises serious issues of transparency. For one, why was the signing bonus so pitifully meagre? As has been bemoaned to exhaustion by this newspaper, other countries []

BlackRock The Fed''s Wall Street Croupier Authored by David Stockman, Central banks have not merely inflated the bejesus out of assets prices. They have also caused the very foundations of financial markets to metastasize, yielding an endless array of new products that have no real economic function except to facilitate new forms of pure wagering. Foremost among these are exchange traded funds (ETFs). If you are inclined to give the latter the benefit of the doubt, you might well ask why the world was so benighted as recently as 2003 that only $204 billion of these swell financial instruments existed a figure which is just 2.6% of the $7.74 trillion currently outstanding. That is to say, if ETFs were the spawn of free markets and actually facilitated honest price discovery in primary and secondary capital markets, they would have been invented and institutionalized long ago; and upwards of 80% of outstandings would most certainly not have materialized just during the past eight years.