SOURCE: Industrial Info Resources

Industrial Info Resources

April 28, 2016 07:30 ET

Hess Sticks to Low-CAPEX Diet During Industry Slump, Sees Loss Widen in First Quarter, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwired - Apr 28, 2016) - -- Researched by Industrial Info Resources (Sugar Land, Texas) -- Hess Corporation's (NYSE:HES) (New York City, New York) Exploration and Production (E & P) capital and exploratory expenditures were $544 million for first-quarter 2016, down 56% from the same period last year to reflect reduced activities in the U.S., Norway, Equatorial Guinea and Malaysia/Thailand, the oil & gas producer reported Wednesday. Industrial Info is tracking 32 active Hess-related projects worth $13.84 billion.

Within this article: Details of the Stampede Oil & Gas Production Platform.

For details, view the entire article by subscribing to Industrial Info's Premium Industry News, or browse other breaking industrial news stories at

Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, five offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. To contact an office in your area, visit the "Contact Us" page.

Contact Information

  • Contact:
    Brian Ford
    (713) 980-9393