Search Results
for Hess

Exxon to Open Up New Frontier in Guyana Despite Geopolitical Friction
Even as ExxonMobil sharply increases spending on shale this year, it has also prioritized one major project in particular—a drilling prospect off the coast of Guyana.

Everybody Hurts: Oil Majors, Independents Drastically Cut Capex
The decline in oil prices that began in mid-2014 has wreaked havoc across all different types of companies in the industry, and there seems to be no respite in the short run. Companies are continuing to lay off staff, cut back on projects, and report eye-opening losses.