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Hess writes down Equus

US INDEPENDENT Hess Corporation, which told Energy News in November that it was putting the Equus development on ice, has now decided to write down the full value of the project by $US700 million ($A933 million).

Hess writes down Equus

The company said its $2.25 billion budget for 2017 would be spent on other global opportunities, leaving the North West Shelf partners hanging in the wind, at least as far as one of the simplest sources...

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