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12/19/2001Amerada Hess Confirms Oveng Discovery Offshore Equatorial Guinea With Oveng-2 Appraisal Well
Amerada Hess Corporation (NYSE: AHC) has successfully completed the initial appraisal of its Oveng oil prospect, confirming a significant discovery offshore Equatorial Guinea in Block G. The Oveng-2 well encountered 344 feet of net pay, including 199 feet of net oil pay and 145 feet of net gas pay. The well was drilled to a total depth of 6,989 feet in 696 feet of water. The appraisal well followed the Oveng-1 oil discovery announced in June, which had 168 feet of net oil pay. Oveng-2 was drille... 
12/12/2001Amerada Hess Presents Operating And Financial Update At Investor Meeting
Presentation material available on its website and presentation may be listened to by Conference Call Amerada Hess Corporation (NYSE: AHC) announced today that it is presenting an update on recent operations and financial matters in a meeting with investors in Boston being held later today, Wednesday, December 12. In presentations by senior management, Amerada Hess will review a series of recent drilling successes. These include the two wells drilled in the Okume Field offshore Eq... 
12/11/2001Successful well in Garden Banks 244
Amerada Hess Corporation (NYSE: AHC) participated in a successful appraisal well drilled by Kerr McGee, as operator, in Garden Banks Block 244, south of the Amerada Hess operated Northwestern Field. Interests in Garden Banks Block 244 are: Amerada Hess Corporation (NYSE: AHC)   27 percent Kerr McGee Corp. (Operator)   40 percent Petrobras   33 percent A down-dip sidetrack to appraise ... 
12/05/2001Amerada Hess Announces Regular Quarterly Dividend on Common Stock
The Board of Directors of Amerada Hess Corporation (NYSE: AHC) today declared a regular quarterly dividend of 30 cents per share payable on the Common Stock of the Corporation on January 3, 2002 to holders of record at the close of business on December 17, 2001. Contact: Amerada Hess Corporation.......C.T. Tursi (212) 536-8593... 
11/29/2001Amerada Hess Confirms Okume Discovery Offshore Equatorial Guinea With Okume-2 And Okume-3 Appraisal Wells
Amerada Hess Corporation (NYSE: AHC) has successfully completed the initial appraisal of its Okume oil prospect, confirming a significant discovery offshore Equatorial Guinea. Two wells, Okume-2 and Okume-3, have been drilled and sidetracked. The wells encountered 153 feet and 137 feet of net pay, respectively. Good-quality reservoirs were penetrated. The two wells followed the Okume-1 oil discovery announced in June that had 200 feet of net pay. The Okume-2 well, located 1.3 miles west-s... 
11/28/2001Gas and Condensate Discovery in Indonesia
Amerada Hess Corporation (NYSE: AHC) has participated in the successful testing of the Sungai Kenawang-1 well in the Jambi Merang block in Sumatra, Indonesia. The operator, YPF Indonesia, announced that initial tests had produced 380,000 cubic meters of natural gas per day and 375 barrels of 52 API condensate per day. The discovery follows an earlier one made in Pulau Gading, also located in the Jambi Merang block, which has been determined by Indonesian authorities be a commercial field.... 
11/28/2001Successful well in Llano Field
Amerada Hess Corporation (NYSE: AHC) has participated in a successful appraisal well drilled by Enterprise Oil Gulf of Mexico on the Llano Field which is located 125 miles offshore Louisiana in approximately 2,600 feet of water. The appraisal well, the Garden Banks 385 No. 1 well, is the fourth well drilled on the discovery and encountered approximately 400 feet of total net pay in two high-quality hydrocarbon-bearing reservoirs, the best reservoirs encountered in the f... 
11/19/2001Faroes find for Amerada Hess
Amerada Hess (NYSE: AHC), as operator of Licence 001 in the Faroe Islands, today announced that well 6004/16-1 has discovered both oil and gas - the first discovery in the Faroes offshore. Light oil and gas were discovered over a gross interval of approximately 170m. The well was not subjected to a flow test, due to weather conditions, and following the completion of logging operations, it will be plugged and abandoned. Commenting on the discovery, Amerada Hess UK Managing Di... 
11/15/2001Amerada Hess Announces the Upgrading and Renaming of Vessel to Accommodate Increased Ceiba Field Production
Amerada Hess Corporation (NYSE: AHC) and Bergesen DY Offshore AS of Oslo, Norway, today announced that the floating production, storage and offloading vessel (FPSO) that will be the cornerstone of the continued development of the Ceiba Field has been upgraded and renamed. The Ceiba Field is offshore the Republic of Equatorial Guinea. The Sendje Ceiba, a VLCC (Very Large Crude Carrier), has been converted to an FPSO. The vessel, which formerly was called Berge Hus and which has been... 
11/14/2001Juno Development Gets the Go-Ahead
The partner companies in JUNO - Phase 2 of the Easington Catchment Area (ECA) development - have welcomed the Department of Trade and Industry's approval of the Field Development Plan, allowing the £270 million investment to proceed. The JUNO development is managed by a joint team drawn from the three partner companies - BG Group, BP and Amerada Hess. First gas, which will be exported via BP's Cleeton/Dimlington infrastructure, is expected to flow in the fourth quarter of 2002. Gas... 
10/23/2001Amerada Hess Reports Third Quarter Results.
New York, New York....October 23, 2001....Amerada Hess Corporation (NYSE:AHC) reported net income of $167 million for the third quarter of 2001 compared with income of $257 million for the third quarter of 2000. Net income in the first nine months of 2001 was $860 million compared with $683 million in the first nine months of 2000. The after-tax results by major operating activity for the three and nine month periods ended September 30, 2001 and 2000 were a... 
10/15/2001John J. O'Connor Named Head of Amerada Hess Exploration and Production Operations
Amerada Hess Corporation (NYSE: AHC) announced today that John J. O'Connor had been named President, Worldwide Exploration and Production of Amerada Hess. Mr. O'Connor also will be an Executive Vice President of Amerada Hess and a member of the Board of Directors. Prior to joining Amerada Hess, Mr. O'Connor was President, Worldwide Exploration and Production of Texaco Inc. John B. Hess, Chairman and Chief Executive Officer of Amerada Hess, said "we are extremely... 
10/02/2001Amerada Hess Schedules Earnings Release Conference Call
Amerada Hess Corporation (NYSE: AHC) announced today that it will hold a conference call on Tuesday, October 23 at 11:00 a.m. Eastern Daylight Time to discuss its third quarter 2001 earnings release. To phone into the conference call, parties in the United States should dial 1-800-810-0924 any time after 10:45 a.m. Eastern Daylight Time. Outside the United States, parties should dial 1-913-981-4900. Forward looking and other material information may be discussed during the conference ... 
09/19/2001Amerada Hess agrees to buy Premier's stake in Pangkah
Amerada Hess has agreed to purchase Premier Oil's 40% interest in the Ujung Pangkah field and related Production Sharing Contract (PSC) in East Java, Indonesia. It is expected that subject to agreement by block partners, Amerada Hess, which currently has a 36% interest in Pangkah, will assume operatorship of the block. The purchase of Premier's interest further strengthens the company's presence in South East Asia, following the acquisition of Triton Energy in August, which ... 
09/18/2001New block boosts Amerada Hess activities in South East Asia
Amerada Hess (NYSE: AHC) has been notified of its successful bid for the Tanjung Aru block, offshore East Kalimantan, Indonesia. The award of the block, which is subject to Presidential approval and execution of the Production Sharing Contract (PSC), will see Amerada Hess as the operator of the block with a 50% interest with license partner, Malaysia's Petronas Carigali, also having 50% equity. The Tanjung Aru block, which covers some 4160km2 with water depths ranging from ... 
09/13/2001Amerada Hess Pledges $5 Million To Relief Workers
Amerada Hess Corporation (NYSE: AHC) announced today that it had pledged $5 million to help the families of New York City firefighters, police officers and other rescue workers who died or were injured helping victims of the attack on the World Trade Center. John Hess, Chairman and Chief Executive Officer of Amerada Hess said: "As a company based in New York, we are deeply appreciative of the heroic and courageous efforts of the New York City firefighters, police officers and oth... 
09/13/2001Amerada Hess' President And Chief Operating Officer Resigns
Amerada Hess Corporation (NYSE: AHC) said today that Sam Laidlaw has indicated his intention to resign as President and Chief Operating Officer and as director of the company, effective the end of September 2001. His responsibilities will be assumed for the present time by John B. Hess, Chairman and Chief Executive Officer. Mr. Hess said: "Sam Laidlaw has made many valuable contributions to the growth and success of Amerada Hess Corporation over the course of his twenty year career w... 
09/06/2001Amerada Hess Acquires Interest In Llano Field
Amerada Hess Corporation (NYSE: AHC) announced today that it had acquired EEX Corporation's 27.5% interest in the Llano Field located on Garden Banks Blocks 385 and 386 in the Gulf of Mexico for $50 million plus an overriding royalty interest of ½ of 1% for the first 100 million barrels of oil equivalent total production from the Llano Field and 1% on all production thereafter. Amerada Hess estimates that the Llano Field contains gross proved and probable reserves of 125 million barr... 
09/05/2001Amerada Hess Announces Regular Quarterly Dividend On Common Stock
The Board of Directors of Amerada Hess Corporation (NYSE: AHC) today declared a regular quarterly dividend of 30 cents per share payable on the Common Stock of the Corporation on September 28, 2001 to holders of record at the close of business on September 17, 2001. Contact: Amerada Hess Corporation.......C.T. Tursi (212) 536-8593... 
08/20/2001Amerada Hess Completes Triton Acquisition
Amerada Hess Corporation (NYSE: AHC) announced today that it had completed the acquisition of the validly tendered Ordinary Shares of Triton Energy Limited. Amerada Hess said that as previously announced it or a subsidiary would effect a compulsory acquisition of the remaining Ordinary Shares of Triton. The transaction has a total value of approximately $3.2 billion, including the assumption of approximately $500 million in Triton debt. With the acquisition, Amerada Hess estimate... 
08/14/2001Amerada Hess Announces Acquisition Of Triton Shares
Amerada Hess Corporation (NYSE: AHC) announced today that in response to its cash tender offer, made through its wholly owned subsidiary, Amerada Hess (Cayman) Limited, to purchase all of the Ordinary Shares of Triton Energy Limited for $45 per share, based on reports from The Bank of New York as Depositary, 63,751,116 Ordinary Shares (including 22,899,985 Ordinary Shares subject to guarantees of delivery) or 99.64% of the outstanding Ordinary Shares of Triton had been validly tender... 
08/08/2001Amerada Hess Prices $2.5 Billion Domestic Bond Offering
Amerada Hess Corporation (NYSE: AHC) announced today that it had priced its $2.5 billion domestic bond offering. Closing is expected to occur Wednesday, August 15. The offering will consist of four tranches: $500 million of 3-year bonds due August 15, 2004 carrying a coupon rate of 5.30% $500 million of 5-year bonds due August 15, 2006 carrying a coupon rate of 5.90% $750 million of 10-year bonds due August 15, 2011 carrying a... 
07/25/2001Amerada Hess Reports Second Quarter Results.
New York, New York....July 25, 2001....Amerada Hess Corporation (NYSE:AHC) reported net income of $357 million for the second quarter of 2001 compared with income of $202 million for the second quarter of 2000. Net income in the first half of 2001 was $694 million compared with $426 million in the first half of 2000. The after-tax results by major operating activity for the three and six month periods ended June 30, 2001 and 2000 were as follows (in millions,... 
07/10/2001Amerada Hess To Acquire Triton Energy For $45 Per Share In Cash
A presentation about the acquisition is available in our Investor Relations Presentation area. Amerada Hess Corporation (NYSE: AHC) and Triton Energy Limited (NYSE: OIL) today jointly announced that they have entered into a definitive agreement under which Amerada Hess will commence a cash tender offer for all outstanding ordinary shares of Triton at $45.00 per share (including to be converted preference shares). The transaction has a total value of approximately... 
07/06/2001Drilling Programme Agreed For Beechnut "Cluster"
Amerada Hess Limited and Ranger Oil have reached agreement on a joint programme of further exploration and appraisal for the Beechnut area in Blocks 29/9a south and 29/9b of the UK sector of the North Sea. Beechnut is included within one of the "cluster" areas identified by the PILOT Undeveloped Discoveries workgroup in its report delivered in July 2000. Amerada Hess as sponsor of the Beechnut/Acorn cluster and Ranger as Operator of 29/9b initiated discussions that have led to an... 
06/29/2001Amerada Hess Schedules Earnings Release Conference Call
Amerada Hess Corporation (NYSE: AHC) announced today that it will hold a conference call on Wednesday, July 25 at 1:00 p.m. Eastern Daylight Time to discuss its second quarter 2001 earnings release. To phone into the conference call, parties in the United States should dial 1-800-289-0436 any time after 12:45 p.m. Eastern Daylight Time. Outside the United States, parties should dial 1-913-981-5507. Forward looking and other material information may be discussed during the conference ca... 
06/20/2001New Success For Amerada Hess In Brazilian Round
Amerada Hess Corporation (NYSE: AHC) has bid successfully and been awarded interests in two blocks in the third round of licensing in Brazil. The new blocks, BM-S-22 and BM-C-15 are located in the Santos and Campos Basins, respectively and increase AHC's portfolio of interests in Brazil to eight blocks. Commenting on the awards, Howard Paver, Managing Director of Amerada Hess's International business said, "We are delighted with outcome of the Round which unde... 
06/06/2001Amerada Hess Announces Regular Quarterly Dividend
The Board of Directors of Amerada Hess Corporation (NYSE: AHC), today declared a regular quarterly dividend of 30 cents per share payable on the Common Stock of the Corporation on June 29, 2001 to holders of record at the close of business on June 18, 2001. Contact: Amerada Hess Corporation.......C.T. Tursi (212) 536-8593 ... 
05/08/2001Amerada Hess Announces Stock Sales Plan
Amerada Hess Corporation (NYSE: AHC) announced today that a charitable trust created by the late Leon Hess entered into a sales plan for a portion of the Amerada Hess common stock it owns. The sales are being made to meet diversification requirements and the trust's charitable funding obligations. In a related diversification, John B. Hess, Chairman and Chief Executive Officer, has entered into a similar sales plan for a small portion of the Amerada Hess common stock he owns. Under t... 
05/01/2001North Sea Gas Success For Amerada Hess
Amerada Hess (NYSE:AHC) announced today that it had completed successfully an appraisal well on the York area in the Southern North Sea. The well tested at a maximum rate of 24.7 million cubic feet of gas per day from a Rotliegend Leman Sandstone and has confirmed that York has probable reserves of up to 200 billion cubic feet of natural gas in a good quality and productive reservoir. The well, which was drilled utilising the Glomar Adriatic VI, tested a discovery first made in 1... 
04/25/2001Amerada Hess Reports First Quarter Results
New York, New York....April 25, 2001...Amerada Hess Corporation (NYSE: AHC) reported net income of $337 million for the first quarter of 2001 compared with income of $224 million for the first quarter of 2000.   The after-tax results by major operating activity for the first quarters of 2001 and 2000 were as follows (in millions, except per share amounts):   Three Months E... 
04/24/2001Amerada Hess Continues Its Record Of Innovation On Angus
Amerada Hess (NYSE:AHC), on behalf of the co-venturers, has received DTI approval for re-developing the Angus Field. It will be produced by a subsea tieback to the Uisge Gorm floating production, storage and offloading vessel ("FPSO") which is already producing the Fife, Fergus and Flora fields. This is the first time on the UKCS that a decommissioned field has been re-developed. The ground breaking re-development will have a single gas lifted well, an 8" production... 
04/11/2001Amerada Hess Sets Out Way Forward On Chestnut
Amerada Hess (NYSE: AHC), London - Following the announcement made on Tuesday by Premier Oil, Amerada Hess Limited (AHL) has now confirmed its plans for the development of the Chestnut field. The Company has assumed operatorship and will continue to fund the ongoing phase I activities, namely drilling and completing the horizontal production well 22/2a-11 with the drilling rig ‘John Shaw', then, contingent on the success of the well, carrying out an extended well test (EWT) with ... 
04/06/2001Amerada Hess Schedules Earnings Release Conference Call
Amerada Hess Corporation (NYSE: AHC) announced today that it will hold a conference call on Wednesday, April 25 at 1:00 p.m. Eastern Daylight Time to discuss its first quarter 2001 earnings release. To phone into the conference call, parties in the United States should dial 1-800-289-0529 any time after 12:45 p.m. Eastern Daylight Time. Outside the United States parties should dial 1-913-981-5523. Forward looking and other material information may be discussed during the conference c... 
03/22/2001First Malaysian Discovery For Amerada Hess
Amerada Hess has announced an oil and gas discovery with its second exploration well in Malaysia. The Cendor-1 well, located in Block PM304 and approximately 155km offshore Peninsular Malaysia, was drilled in 63 metres of water and encountered hydrocarbons at multiple levels. Preliminary evaluation of the well results indicates a potentially commercial oil accumulation but further appraisal is required to confirm commercial viability. Commenting on the successful well, Mr. ... 
03/07/2001Amerada Hess Announces a 100% Increase in Regular Quarterly Dividend on Common Stock
At today's meeting of the Board of Directors of Amerada Hess Corporation (NYSE: AHC), a regular quarterly dividend of 30 cents per share was declared payable on the Common Stock of the Corporation on March 30, 2001 to holders of record at the close of business on March 19, 2001. This is a 100% increase in the regular quarterly dividend from the 15 cents per share previously paid. The Corporation said that the action by the Board of Directors reflects the Corporation's continuing ... 
02/20/2001Amerada Hess To Acquire Gulf Coast Natural Gas Reserves
Amerada Hess Corporation announced today that it had reached agreement to purchase substantially all of the exploration and production assets of LLOG Exploration Company for $750 million after closing adjustments. The properties are located on the Gulf of Mexico shelf and onshore South Louisiana. Production currently is averaging approximately 200,000 Mcf of natural gas equivalent per day and is expected to rise to 250,000 Mcf of natural gas equivalent per day early in 2003. Estimate... 
02/12/2001Amerada Hess Welcomes Gas Sales Agreements
Amerada Hess today welcomed the signing of a series of agreements that will enable the sale of gas from its Jabung Block in South Sumatra into Singapore. The agreements provide for the sale of gas from the Jabung PSC, in which Amerada Hess holds a 30% interest, to Pertamina, Indonesia's State oil and gas company. In parallel Pertamina and Gas Supply Private Limited, a wholly owned subsidiary of Power Gas Limited, have signed a Gas Sales Agreement for the sale of gas, including ... 
01/29/2001Amerada Hess Announces Retail Marketing Acquisition
Amerada Hess announced today that it has reached agreement to purchase 53 company-operated retail outlets located primarily in the Boston metropolitan area and southern New Hampshire from Gibbs Oil Company Limited Partnership. The sites, most of which include convenience stores, will be rebranded HESS. The transaction will strengthen the Corporation's position as the leading independent retail marketer in the Boston metropolitan area. The transaction is expected to close in the s... 
01/25/2001Amerada Hess Reports Fourth Quarter Results.
New York, New York....January 25, 2001...Amerada Hess Corporation reported net income of $340 million for the fourth quarter of 2000 compared with income of $131 million for the fourth quarter of 1999. For the full year, net income was $1,023 million compared with income of $438 million in 1999.   The after-tax results by major operating activity in 2000 and 1999 were as follows (in millions, except per share amounts): ... 
01/12/2001Amerada Hess Schedules Earnings Release Conference Call
Amerada Hess Corporation (NYSE: AHC) announced today that it will hold a conference call on Thursday, January 25 at 11:30 a.m. Eastern Standard Time to discuss its fourth quarter and year-end 2000 earnings release. To phone into the conference call, parties should dial 1-800-289-0436 any time after 11:15 a.m. Eastern Standard Time. Forward looking and other material information may be discussed during the conference call. A replay of the conference call will be available through ...