Hess Corp. (HES) Tops Q3 EPS by 22c, Beats on Revenues
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Hess Corp. (HES) Sells Interests in Norway for $2 Billion; Commences Process to Sell Interests in Denmark
October 24, 2017 6:12 AM EDTHess Corporation (NYSE: HES) today announced several additional steps in the continued execution of its strategic plan to further focus the companys portfolio and allocate capital to higher return assets:
An agreement to sell its oil and gas interests in Norway for total proceeds of $2 billionCommencement of a process to sell its interests in DenmarkImplementation of a cost reduction program expected to deliver annual cost savings of more than $150 million starting in 2019
With... More
Hess Corp. (HES) Confirms Sale of Interests in Equatorial Guinea to Kosmos (KOS) and Trident Energy
October 23, 2017 5:05 PM EDTHess Corporation (NYSE: HES) announced today that it has entered into an agreement to sell its interests in offshore Equatorial Guinea to Kosmos Energy (NYSE: KOS) and Trident Energy for a total consideration of $650 million, effective January 1,... More
Kosmos Energy (KOS) Acquires Hess Corp. (HES) Assets in Equatorial Guinea
October 23, 2017 2:45 PM EDTThe assets of Hess Corporation (NYSE: HES) in Equatorial Guinea will be acquired by Kosmos Energy (NYSE: KOS), the Ministry of Mines and Hydrocarbons has announced. The landmark sale transfers majority ownership and operatorship of two legacy oil producing areas in the Rio Muni basin, Ceiba and Okume, to Kosmos.
Hess exit from Equatorial Guinea comes after... More
Hess Corp. (HES) Reaches Tax Settlement With Equatorial Guinea
October 23, 2017 2:04 PM EDTThe Ministry of Mines and Hydrocarbons of Equatorial Guinea, Hess Corporation (NYSE: HES) and its license partners have reached a $220-million settlement on tax issues related to the companies interests in two producing oilfields, Ceiba and Okume.
The deal between the government and the partners is the result of negotiations over recent months between the Ministry of Mines and... More
