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 ...

HES exits Suriname's offshore Block 59, capping years of risky exploration after XOM and EQNR pulled out earlier.

Hess relinquished the block to state-owned Staatsolie, following the withdrawal and transfer of participation stakes by partners Exxon Mobil and Equinor in 2024 to Hess.

Hess fulfilled its minimum work obligations and has decided not to move forward to the next phase of the exploration period.

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

Suriname’s state-owned oil company and market regulator Staatsolie said Hess fulfilled its minimum work obligations but has decided not to proceed with drilling operations in the area.