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Search resuls for: "Liz Hampton Sabrina Valle"


3 mentions found


☆ Hess discloses new discovery in Guyana as profit tops estimates
  + stars: | 2023-04-26 | by ( Arunima Kumar Liz Hampton Sabrina Valle | Arunima Kumar | Liz Hampton | ) www.reuters.com   time to read: +2 min
April 26 (Reuters) - Oil and gas producer Hess Corp (HES.N) on Wednesday topped Wall Street's first-quarter profit estimates and disclosed its consortium with Exxon Mobil Corp (XOM.N) made a new discovery off the coast of Guyana. Hess holds a 30% stake in the consortium, and said the discovery may help justify a new oil project. Production from Hess' share of output in Guyana was 12% above estimates at 112,000 boepd. The company expects current quarter production of between 105,000 boepd and 110,000 boepd due to planned maintenance at the Liza phase 2 platform. On a per share basis, the company reported a profit of $1.13 for the first quarter and an adjusted profit of $1.30.
☆ Hess CEO says OPEC 'back in the driver's seat' as U.S. shale growth slows
  + stars: | 2022-11-17 | by ( Liz Hampton Sabrina Valle | Liz Hampton | Sabrina Valle | ) www.reuters.com   time to read: +3 min
Companies Hess Corp FollowNov 17 (Reuters) - The Organization of the Petroleum Exporting Countries (OPEC) is "back in the driver's seat" as the top swing producer amid slowing U.S. shale growth, Hess Corp (HES.N) Chief Executive Officer John Hess said on Thursday at an investor conference in Miami, Florida. Hess anticipates U.S. oil production will hit around 13 million barrels per day in the next few years and then plateau. U.S. production growth has been slower than anticipated at the beginning of this year due to investor pressure to focus on returns over growth, along with inflation and inventory depletion. The U.S. Energy Information Administration last week cut its forecast for 2023 shale growth by 21%. Now, really OPEC is back in the driver's seat where they are the swing producer," Hess said, cautioning though that OPEC lacked spare capacity to easily boost its production.
☆ How Texas' abortion ban hurts Big Oil's effort to transform its workforce
  + stars: | 2022-09-23 | by ( Liz Hampton Sabrina Valle | Liz Hampton | Sabrina Valle | ) www.reuters.com   time to read: +6 min
She likened the climate contributing to the couple's decision to leave Texas to "death by a thousand paper cuts." The business risks to recruiting is especially high for oil companies, already unpopular with graduates of engineering programs, said Jonas Kron, chief advocacy officer at Trillium Asset Management. Texas Governor Greg Abbott has acknowledged the state is losing workers, but does not regret the departures. Oil companies contribute to politicians who advocate for free trade, tax and energy policies through political action committees (PACs). Dawn Seiffert, 52, and her husband, an oil company employee, returned to Texas in 2012 and planned to stay.
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