After dumping billions of dollars in assets to focus on one particular oil field in Guyana, Hess Corp. said Wednesday its net loss almost doubled year-over-year. Hess reported a net loss in the third quarter of $624 million, a loss that was nearly 90 percent higher than reported during the same period last year. The company attributed most of the loss to a change in tax structure, though production was lower across most of its portfolio. “We are successfully executing our strategic plan to focus our portfolio by investing in our highest return assets and divesting mature higher cost assets,” CEO John Hess said in a statement . “These actions in turn will lower our cash unit costs, […]