Hess: Ghana farm-out speculation
Issue 249
- 28 Feb 2013
| 1 minute read
There is speculation in Ghana that US independent Hess Corporation may farm out part of its offshore assets as it repositions its operations and spending priorities. The company is focusing increasingly on unconventional shale resources ($2.7bn in 2013 alone) and is under pressure to restructure from activist US investors including billionaire Paul Singer and the Elliott Associates hedge fund.
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