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Hess Corp

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  • WASHINGTON, April 10- The United States could give Europe and Ukraine relief from energy dependence on Russia within months if it overturned the 40- year ban on most U.S. crude oil exports, the head of energy company Hess Corp. said on Thursday. He estimated that Europe and Ukraine could get relief from volatile oil prices in 90 days if the ban was overturned.

  • NEW ORLEANS, March 3- A U.S. emergency order to test oil shipped by rail highlights what many industry officials have long said is a flawed method for testing the volatility of types of oil that have been involved in several fiery train derailments in the last year.

  • NEW YORK, Feb 28- Oil production in North Dakota's Bakken shale stayed flat in January after falling sharply the month before, according to independent data that illustrate how this winter's bitter cold put a freeze on the world's fastest-growing oil patches.

  • WASHINGTON, Feb 26- Oil companies handling volatile fuel out of North Dakota's energy patch must consider the dangers of flammable gas carried in the kind of oil-by-rail shipments involved in a string of fiery derailments, a U.S. regulator said on Wednesday.

  • WASHINGTON, Feb 26- U.S. lawmakers are expected to question regulators and rail industry officials on Wednesday about several recent fiery derailments, focusing on whether shipments from energy producing regions such as North Dakota's Bakken area are being handled safely.

  • *To move headquarters to Houston from Los Angeles. Feb 14- Occidental Petroleum Corp said it would spin off its oil and gas assets in California into a separately traded company and move its headquarters from Los Angeles to Houston, where it will be closer to its largest U.S. operations.

  • HONG KONG, Feb 14- Murphy Oil Corp is considering selling some of its Asian oil and gas assets in a deal that could fetch up to $3 billion, sources said, as it looks to scale down in the region like some other U.S. energy companies.

  • HONG KONG, Feb 14- Murphy Oil Corp is considering selling of some of its Asian oil and gas assets in a deal that could fetch up to $3 billion, people familiar with the matter said, as it joins other U.S. energy companies in scaling back from the region.

  • HOUSTON, Feb 4- Royal Dutch Shell said on Tuesday it is ramping up production at its newest Gulf of Mexico oil and gas platform, its first to start up after BP Plc's 2010 Macondo oil spill fouled the basin and stopped drilling for months.

  • WASHINGTON, Feb 4- Three companies operating in North Dakota's Bakken energy patch were on Tuesday were fined $93,000 for wrongly classifying crude oil being hauled from the field to tank car trains.

  • WASHINGTON, Feb 4- The U.S. Department of Transportation said on Tuesday it had fined three oil companies $93,000 for wrongly classifying crude shipments in North Dakota's Bakken region, in the first sanctions issued by regulators since several fiery derailments.

  • HOUSTON, Feb 4- Royal Dutch Shell said on Tuesday it is ramping up production at its newest Gulf of Mexico oil and gas platform, the first to start up after BP Plc's 2010 Macondo oil spill fouled the basin and stopped drilling for months.

  • NEW YORK, Feb 3- Former Chesapeake Energy Corp CEO Aubrey McClendon's American Energy Partners said on Monday that it had struck three deals in Ohio's Utica shale region, doubling its holdings there. The company said it would buy about 130,000 acres in the southern part of the Utica shale from Hess Corp, Exxon Mobil Corp and privately held Paloma Partners.

  • Interests of the Goodell family go far beyond NFL Wednesday, 29 Jan 2014 | 12:48 PM ET
    Charles E. Goodell, patriarch of the Goodell family, in January 1970

    The family of the NFL's Roger Goodell includes a maverick U.S. senator, the COO of a large hedge fund and the general counsel of a major company.

  • Jan 29- Hess Corp on Wednesday reported a quarterly profit well below Wall Street expectations as oil and natural gas production lagged due to instability in Libya and maintenance in the U.S. For the fourth quarter, Hess reported net income of $1.93 billion, or $5.76 per share, compared with $374 million, or $1.10 per share, a year earlier.

  • Hess profit spikes after asset sales, but production lags Wednesday, 29 Jan 2014 | 7:43 AM ET

    Jan 29- Oil and natural gas producer Hess Corp posted a jump in quarterly profit on Wednesday due in part to one-time gains from the sale of energy terminals and other assets, but production fell. For the fourth quarter, Hess reported net income of $1.93 billion, or $5.76 per share, compared with $374 million, or $1.10 per share, a year earlier.

  • Its new fields in the Timan-Pechora region in northern Russia also fell short of hopes. It also acquired new assets in Russia, such as Samara-Nafta from Hess Corp for over $2 billion. At the same time, Lukoil has faced constraints in Russia- such as limited access to offshore fields- where the energy landscape is dominated by Kremlin-controlled firms.

  • UPDATE 1-Hess files to spin off gas station business Wednesday, 8 Jan 2014 | 9:35 AM ET

    Jan 8- Oil and gas company Hess Corp said it filed with regulators to spin off its gas station and convenience store network, the latest business the company is shedding in response to a campaign by activist investor Elliott Management.

  • Hess to spin off gas station business Wednesday, 8 Jan 2014 | 8:50 AM ET

    Jan 8- Oil and gas company Hess Corp said it would spin off its gas station business, adding to the list of assets being sold after a campaign by activist investor Elliott Management.

  • Danger on the rails: New rules could hit stocks Tuesday, 7 Jan 2014 | 11:49 AM ET
    This photo provided by Cass County Commissioner Ken Pawluk shows a train derailment and fire west of Casselton, N.D.

    Recent accidents have analysts looking at companies that could be exposed to new rules governing oil shipments from the Bakken region.

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