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Hess today reported a net loss of $4 million, or $0.05 per common share, in the fourth quarter of 2018, compared to a net loss of $2,677 million, or $8.57 per common share, in the fourth quarter of 2017. On an adjusted basis, the Corporation reported a net loss of $77 million, or $0.31 per common share, in the fourth quarter of 2018, compared with an adjusted net loss of $304 million, or $1.01 per common share, in the prior-year quarter.

Every part of the industry has a role to play in embracing Lean principles and disruptive technologies to drive better performance, increase competitiveness, Richard Lynch, a Hess Senior Vice President, told Drilling Contractor.

Hess has been recognized for climate change stewardship, achieving leadership status in CDP’s 2018 Global Climate Analysis. Hess is the only U.S. energy company to achieve leadership status. This is the tenth year that Hess earned this recognition from CDP, an international nonprofit group seeking to drive sustainable economies.

Hess announced today that it will hold a conference call on Wednesday, January 30, 2019 at 10 a.m. Eastern Time to discuss its fourth quarter 2018 earnings release.

Stacey Nachbaur and her skilled team of engineers, operators and technicians represent a 21st-century natural gas and oil industry, whose production has made the United States the world’s leading natural gas and oil nation, created jobs and prosperity from one coast to the other and powered a U.S. manufacturing renaissance.

Hess is shifting to a new completion design in the Bakken as part of a strategy to cost-effectively increase production.

Hess Corporation said today that drilling has begun on the Haimara-1 exploration well offshore Guyana, the first of two planned exploration wells in January. The Stena Carron drillship is drilling the Haimara-1 well, located 19 miles (31 kilometers) east of the Pluma-1 discovery in the southeastern part of the Stabroek Block.

Hess Corporation said today that drilling and development operations offshore Guyana are unaffected by an incident involving seismic acquisition vessels on Saturday, December 22.

Hess will provide a detailed update on progress in executing its strategy for long term value creation at its Investor Day today in Houston. The company’s plans through 2025 are expected to deliver strong performance.

Focus on high return investments to deliver capital efficient production growth and significant future free cash flow. "As we focus spending on our high return investment opportunities, we will continue to reduce our unit costs to drive margin expansion and improve profitability," CEO John Hess said.

The U.S. Department of Labor has recognized Hess Corporation with an official “Registered Apprenticeship Program” certificate, for Hess’ industry-leading Job Experience Training (JET) program.