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Hess Corporation Announces Sale of Utica Dry Gas Acreage
Hess Corporation (NYSE: HES) announced today that it has entered into an agreement to sell approximately 74,000 acres of its dry gas acreage in the Utica Shale to an undisclosed third party for a consideration of $924 million. Approximately two-thirds of these proceeds are expected at the end of the first quarter of this year, with the balance to be received in the third quarter.

date.png31 Jan 2014 21:33 | comments.png 0 Comments | tags.png hess n-america upstream usa [ More ]

Ezra's EOC Starts Gas Production On FPSO Perisai Kamelia For Hess In Malaysia
EOC Limited (EOC or the Group), one of Asia's leading providers of offshore production services to the oil and gas (O&G) sector, has announced that the Perisai Kamelia - the Floating Production, Storage and Offloading (FPSO) vessel deployed to a fast-track gas production project in the North Malay Basin, Malaysia - successfully completed start-up and commissioning and that the vessel's charter has commenced in November 2013.

date.png10 Dec 2013 13:39 | comments.png 0 Comments | tags.png asia eoc hess malaysia services [ More ]

Wood Group Mustang Performing Front-End Engineering for Hess' Stampede Tension Leg Platform (TLP)
Wood Group Mustang has been awarded the contract to provide front-end engineering design (FEED) services for Hess Corporation’s Stampede tension leg platform (TLP) to be located in 3,500 feet of water in the Gulf of Mexico, Green Canyon block. The TLP, with dry topsides weight of 11,500 tons, is being designed to produce 80,000 BPD oil, 60,000 BPD water and 120 MMSCFD gas at capacity.

date.png03 Dec 2013 12:36 | comments.png 0 Comments | tags.png gofm hess n-america services usa wood-group [ More ]

Hess Announces Sale of Its Indonesian Assets
Hess Corporation announced today it has entered into two separate agreements with a joint venture between PT Pertamina and PTT Exploration and Production Company Limited to sell its interests in both the Pangkah and Natuna A assets located off the coast of Indonesia for a total after-tax consideration of $1.3 billion. Together, the two assets produced an average of 15,000 barrels of oil equivalent per day net to Hess in the first three quarters of 2013.

date.png03 Dec 2013 07:01 | comments.png 0 Comments | tags.png asia hess indonesia pertamina top upstream [ More ]

Hess Announces Sale of Terminal Network
Hess Corporation announced today it has entered into an agreement with Buckeye Partners, L.P. to sell its U.S. East Coast and St. Lucia terminal network for a total consideration of $850 million in cash. As a result of this sale, Hess is expected separately to release approximately $900 million of working capital, with another $100 million continuing to be retained by the retail business as part of its ongoing operations.

date.png12 Oct 2013 07:32 | comments.png 0 Comments | tags.png hess n-america usa [ More ]

CNPC and Hess sign agreement on Malang Block of Santanghu Basin
On July 23 in Beijing, CNPC President Liao Yongyuan met with Gregory P. Hill, Hess Corporation Executive Vice President and President of Worldwide Exploration and Production. The two sides exchanged views on furthering cooperation in the oil and gas sector and signed a cooperation agreement on Malang Block of the Santanghu Basin in Xinjiang, China.

date.png30 Jul 2013 09:19 | comments.png 0 Comments | tags.png asia china cnpc hess upstream [ More ]

MODEC Awarded HESS Stampede TLP ECM Contract
On May 3, 2013 MODEC International Inc. executed a pre-sanction contract with Hess Corporation to provide Engineering and Management Services for the Stampede tension leg platform (TLP). These services include project management, engineering, procurement management, and construction management for the hull and mooring systems of a conventional TLP with continuing services contingent upon sanction.

date.png18 Jul 2013 15:54 | comments.png 0 Comments | tags.png engineering hess modec n-america services usa [ More ]

Wood Group PSN first with Hess in Gulf of Mexico
Wood Group PSN (WGPSN) will deliver operations & maintenance services to Hess Corporation’s Baldpate production platform in the deepwater Gulf of Mexico, under a new five-year contract.

date.png23 May 2013 18:44 | comments.png 0 Comments | tags.png gofm hess n-america services usa wood-group [ More ]

Balltec Secures Tubular Bells Contract
Balltec Ltd, Morecambe,UK, has been contracted by Houston Offshore to supply and install 10 off MoorLOK™ subsea mooring connectors for the Tubular Bells project, located in the Mississippi Canyon area of the Gulf of Mexico.

date.png25 Apr 2013 09:49 | comments.png 0 Comments | tags.png balltec hess n-america services usa [ More ]

Hess Closes Sale of Interest in ACG Fields to ONGC Videsh
Hess Corporation (NYSE: HES) announced today it has completed the sale of its 2.72 percent interest in the Azeri, Chirag and Guneshli Fields (ACG) and its 2.36 percent interest in the associated BTC pipeline to ONGC Videsh Ltd. for $1 billion. Adjusting for net cash flow received since the Jan. 1, 2012 effective date of sale, after tax net proceeds are $884 million.

date.png29 Mar 2013 07:00 | comments.png 0 Comments | tags.png azerbaijan c-asia deals hess ongc upstream [ More ]
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