Senior Vice President of Technology & Services, Hess Corporation
Verified interview transcripts, podcast appearances, and direct quotes from Richard Lynch, Senior Vice President of Technology & Services at Hess Corporation. AI-verified speaker identity with full-text searchable transcripts.
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According to James West, “The return to deepwater is real, it is significant, and it is coming.” And, according to at least one deepwater supermajor, “Offshore drilling is now more competitive than onshore shale.” But, deepwater still faces challenges. There is a well-known need to outcompete shale and renewables for capital. There is also investor fear that an energy transition, fueled by renewables, could limit the economic life of deepwater investments. Increasingly, however, questions are being posed about the deepwater industry’s capability to avoid cost reinflation as deepwater investmen…
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