We aren't making it and Hess will either be bought or we will have to sell assets and layoff s bunch of people to cut overhead!
Will Stampede pay out?
Why are we still investing in capital intensive projects like deep water oil (Stampede)? Doesn't our management know that our industry has been changed forever by technology? Short term, low capital, projects in our own stable environment will be... — read more
Last Round of Layoffs
11.3% have been severed - 238 of 2101 All employees severed today were given a print out by title and age of employees retained vs. employees severed, as a means to divulge that there was no discrimination by age taking place. Lay offs by title are... — read more
The 2 GOM assets.
Tublar Bells is a catastrophic failure. Let's hope Stampeed is better.
Layoffs
Those given layoff dates in 2017 not given the full paperwork. No date in writing all verbal notification. Can't get good information out of the HR group regarding why the information is not available. Not cutting the top dogs but middle management... — read more
Perth office
I heard rumours Hess will close Perth office. Is it true?
238 employees severed
11.3% are being severed - 238 of 2101. All employees severed today were given a print out by title and age of employees retained vs. employees severed, as a means to divulge that there was no discrimination by age taking place. Lay offs by title are... — read more
Stock value still dropping!
Here we go! We borrowed money and sold stock but we did not stop the precipitous fall! We need a change in strategy to survive!
Wake up! It's not working!
Prices are predicted to stay low for a very long time! Is management sleeping? Someone help me here, has anyone seen the changes in strategy required for us to survive? Maybe they are just planning on selling out!
It is time to understand that oil prices will stay low for a very long time!
While we are still focussed on deep water expecting Oil prices to recover soon no one seems to be looking ahead. The technology that has increased oil supplies and dropped it's price has not yet been applied to many tight formations in the Middle... — read more
How long can we last? Hess has borrowed a lot and diluted it's stock to keep us operational.
How long can we hang on? We are still planning and working on deep water projects which we know will not be profitable for years if ever! When is our management going to wake up and start shutting down high cost high risk projects and start focussing... — read more
Equus Development
Management still talking about this development in the land of Oz, fiction ?
Deep Water Exploration and Drilling are Dead!
Horizontal Drilling and ZIpper Fracs has opened up so many onshore low risk opportunities that the need to drill in deep water with associated risks and high cost is gone. This technology is just beginning to be applied to tight low perm formations... — read more
No drilling - no completion - a need for way less people
We announced that we were not going to keep current production level or grown but ride the decline curve of our assets. This means no drilling no completion and a need for way less people
Good stewardship at Hess
Six companies that lost the most buying back their own shares - at loss... The companies with the biggest paper losses - Hess made the list: IBM: - $9.8 billion Qualcomm: -$7.4 billion American Express: -$4.1 billion Exxon Mobil: -$3.9 billion Hess:... — read more
We are in real trouble!
We are in real trouble, get ready for the next step!
Why is Hess Stock Down Today?
Why is Hess stock currently down $3.56 today???
Why is Hess Stock Down Today?
WHY is Hess stock is currently down $3.56??
Why Hess Stock Closed Down Today
Ok, i was trying to be amusing
Hess idiots
To fellow hess employees you guys are here by mistake go back to your country
Layoffs coming soon.
Just throwing the warning out there. Get your junk together.
Equatorial Guinea - what's the outlook!
Heard that Bome Camp, the gem of all Oil Industry Facilities has been sold to the National Oil Company. Is this true? Are we really reducing staff in what was once the Cash Cow of the Corp?
2015 Layoffs at Hess
I see a ton of cuts at SLB, Baker and HAL - how is Hess doing and did the price drop impact Hess as much as other companies
New York City, Woodbridge and Houston Layoffs
That's what I have been hearing - all three locations might be affected. We will see how things pan out but if the prices do not bounce back we can expect cuts to preserve profitability. Our stock lost 40% of the value from the peak, so the... — read more
Any news today? Come on guys...
Any news today? Come on guys...
Hess is a name that many of us know well, at least if the stations are in the local area, but you may not know the depths of the company, and...
Hess is a name that many of us know well, at least if the stations are in the local area, but you may not know the depths of the company, and how many people they actually employ outside of their service stations. Oh wait, we’re not talking about... — read more
Fallout from today's announcement that Hess will permanently close its Woodbridge petroleum refinery by the end of next month was swift: Gas...
Fallout from today's announcement that Hess will permanently close its Woodbridge petroleum refinery by the end of next month was swift: Gas prices rose to their highest levels since October and Hess said it will lay off 170 of 217 employees, exit... — read more