U.S. oil producer Hess Corp has announced its decision to exit Suriname’s offshore Block?59, returning operations to the national oil firm Staatsolie ...

U.S. oil producer Hess Corp has decided to withdraw from Suriname's offshore Block 59, the South American nation's state oil firm Staatsolie said on Tuesday, adding the block would now return to ...

Signed in July 2017, the Production Sharing Contract (PSC) for Block 59 involved Staatsolie, ExxonMobil, Statoil (Equinor), and Hess. The block, located in the far north-west of Suriname's ...

Hess exits Suriname's Block 59 near the border with Guyana, returning acreage to state oil firm Staatsolie, fulfilling ...

Equinor, alongside ExxonMobil, has transferred its ownership in a deepwater exploration block off the coast of Suriname to Hess, reported Reuters. This move marks Equinor's exit from the South ...

ExxonMobil, the former operator of Block 59, has handed over its 33.34% stake to Hess. Equinor, which owned a 33.33% working interest in the licence, has also withdrawn.

A key strength in FTI’s business model is its limited exposure to U.S. land operations, which are more sensitive to volatile commodity pricing. The Zacks Consensus Estimate for FTI’s 2025 EPS ...