Hess
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In 2022, Hess and the government of Guyana announced an agreement for the company to purchase 37.5 million REDD+ carbon credits directly from the government, one of the largest private-sector forest preservation agreements in the world. This paper explores the analysis of decarbonization pathways, voluntary carbon markets, and individual carbon offset projects that ul…
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Twenty-six companies participated in what was the last GOM lease sale scheduled until 2025.
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The all-stock transaction is the second megadeal to rock the energy industry this month.
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The Exxon-lead consortium, which includes Hess and the China National Offshore Oil Corporation as partners, will present a field development plan to the Guyana government in October for the Whiptail field.
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The trend in fracturing designs has been longer stages with more perforation clusters, which save time and money. But there are a couple of companies testing whether shorter is better for production.
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The Pickerel-1 well encountered 90 ft of high-quality oil-bearing Miocene reservoir and will be tied back to the Tubular Bells production facilities.
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With global decommissioning activities forecast to reach $100 billion through 2030, early planning for it could go far in helping to minimize risk and associated costs.
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From refracturing old wells to ones that don’t have to be fractured at all, notable producers argue that experiments are paying off.
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Additional wells are planned for the GOM field in 2023 and 2024.
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The US supermajor has made more than 30 discoveries offshore the South American country since exploration efforts began in 2015.
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