Hess’ Guyana investment boosts company’s fortunes

Hess Corporation’s investment in Guyana’s offshore Stabroek Block has resulted in the company emerging as the best-performing US oil firm this year and, along with its partners, it is poised to reap US$22 billion ($4.5 trillion) in profits from its initial two projects here, the Wall Street Journal (WSJ) reported yesterday.

“Hess Corp. has emerged as the best-performing U.S. oil company this year. The reasons have little to do with the American fracking boom. Instead, Hess’s popularity with investors is rooted in a small South American nation,” the report said.

Continue reading

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.