Items Tagged with 'hess'

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Stampede Field in Deepwater Gulf of Mexico in Production by 2018, Hess Says

Hess. Corp., operator and partial owner of the Stampede oil and natural gas project in the deepwater Gulf of Mexico (GOM), will move forward with the project and expects it to begin production in 2018, the company said Thursday. Read More

Hess Midstream Partners Plans IPO in Early 2015

Hess Corp. subsidiary Hess Midstream Partners LP has filed paperwork with federal regulators for an initial public offering (IPO) to launch in 1Q2015. Read More

Hess Selling Gasoline Stations to Marathon Petroleum for $2.6B

Hess Corp. is selling its retail business, which includes more than 1,300 gasoline stations and convenience stores along the East Coast, to Marathon Petroleum Corp. (MPC) for $2.6 billion as part of its strategy to focus on E&P activities, the company said Thursday. Read More

Oil Execs: Ready for Tougher Rail Car Standards; Shipments to Grow

The growing emphasis on shipping U.S. crude oil production by rail will continue and the oil sector welcomes tougher safety standards now being contemplated by the federal Department of Transportation (DOT), several oil executives said Wednesday during 4Q2013 earnings conference calls. Read More

Analysts: McClendon's AEP-LP is Mystery Buyer of Hess' Utica Acreage

Analysts say American Energy Partners LP (AEP-LP) is the company buying 74,000 acres in the Utica Shale from Hess Corp., adding that such a move makes sense given AEP-LP's appetite for assets in the shale play and a simultaneous decision to secure equity commitments. Read More

Hess to Spend $550 Million on Deepwater GOM Projects

Hess Corp. plans to spend $5.8 billion on capital expenditures (capex) in 2014, devoting $550 million to production and development projects in the deepwater Gulf of Mexico (GOM). Read More

Hess Continues Transformation With Plans for Retail Spinoff

Continuing it’s transformation into a pure-play oil and natural gas exploration and production company, Hess Corp. has filed a Form 10 Registration Statement with the U.S. Securities and Exchange Commission (SEC) for the formation of Hess Retail Corp., a subsidiary containing convenience stores and gasoline refueling stations that the New York-based energy company said it will then seek to sell. Read More

New Bakken Gas Pipe Welcome, But Officials Want More

With crude oil production and natural gas flaring on a record-setting pace in the Bakken Shale, North Dakota and industry officials welcomed a new gas pipeline link... Read More

Industry-Backed Education Centers Open in Oklahoma, Wyoming

Nearly $10 million in donations from the industry helped open the new research/education facilities. Read More