EXPLORATION

Hess trims fat but Oz spend a mystery

HESS Corporation has trimmed the fat on its capital and exploratory budget for the upcoming year but makes no mention of whether the belt-tightening will affect its spend in Australia.

James McGrath

It told investors overnight that its budget would be $US6.8 billion ($A6.47 billion), which is an 18% decrease on last year's levels. About 40% of this year's spend will be focused on shale in the US,...

Start a free trial to continue reading this article

Already have an account? Sign in here

Subscribe now

OIL & GAS

Esso Australia in hot water over major diesel spill in Bass Strait

POLICY

NOPSEMA assessing Chevron and Santos proposals

OPINION

Slugcatcher: WA's new domestic gas deal is a con

POLICY

PNG PM puts a rocket under PASCA A gas project

RESEARCH

Premium subscribers only

View more

A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.