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11/06/2000Amerada Hess Sets Investor Meeting And Conference Call
Amerada Hess Corporation (NYSE: AHC) announced today that it will host a meeting and conference call for investors, analysts and the media on Tuesday, November 7, 2000 at 11:00 a.m. New York time to discuss the proposed acquisition of LASMO plc (LSE: LSMR) by Amerada Hess. The meeting will be held in the Beekman Room on the 18th floor of the Waldorf Astoria Hotel at 301 Park Avenue, New York, NY (between 49th and 50th Streets). Please use the Lexington Avenue entrance to arrive a... 
10/25/2000Amerada Hess Reports Third Quarter Results.
New York, New York....October 25, 2000...Amerada Hess Corporation reported operating earnings of $257 million for the third quarter of 2000 compared with earnings of $52 million for the third quarter of 1999. Operating earnings in the first nine months of 2000 were $683 million compared with earnings of $131 million in the first nine months of 1999.   The after-tax results by major operating activity for the three and n... 
10/18/2000Amerada Hess Schedules Earnings Release Conference Call
Amerada Hess Corporation (NYSE: AHC) announced today that it will hold a conference call on Wednesday, October 25 at 1:00 p.m. eastern daylight time to discuss its third quarter 2000 earnings release. To phone into the conference call, parties should dial 1-800-406-5345 any time after 12:45 p.m. eastern daylight time. Forward looking and other material information may be discussed during the conference call. A replay of the conference call will be available through November 1 by ... 
10/10/2000Amerada Hess to Explore Joint Venture with North Carolina Retail Marketer
Amerada Hess Corporation announced today that it was exploring a potential 50/50 joint venture with A.T. Williams oil company which owns and operates 120 Wilco gasoline/convenience stores and 21 Wilco travel centers. The retail outlets and the travel centers are located primarily in North Carolina, South Carolina and Virginia. If a final agreement is reached, gasoline and diesel will be sold under the Hess brand at these outlets. The convenience stores will continue to operate un... 
09/08/2000Minister Salutes Triton Success
The Rt. Hon Helen Liddell MP, Minister for Energy and Competitiveness in Europe, today officially inaugurated the £540 million Triton Project at the offices of Amerada Hess in Aberdeen. The Project, which incorporates the Bittern, Guillemot West and North West fields, took just 2½ years from sanction by the partner companies to the delivery of first oil to the Triton floating production storage and offloading vessel on 15 April 2000. In inaugurating the Triton Proje... 
09/06/2000Regular Quarterly Dividend Declared
The Board of Directors of Amerada Hess Corporation today declared a regular quarterly dividend of fifteen cents (15 cents) per share payable on the Common Stock of the Corporation on September 29, 2000 to holders of record at the close of business on September 18, 2000. For further information please contact: Amerada Hess Corporation - Carl Tursi (212) 536-8593 ... 
08/16/2000Faroes Partnership Success in Licensing Round
Amerada Hess and its partners in The Faroes Partnership today welcomed the announcement by the Faroese Government that they had been successful in the First Licensing Round. The Faroes Partnership consists of Amerada Hess, BG International, DONG and Atlantic Petroleum, the independent Faroese-owned company. The Partnership has been awarded Licence 001 covering parts of Blocks 6005/20 and 25, and 6004/16 located in water depths between 900 and 1200 metres and near to the territor... 
08/16/2000Amerada Hess Agrees to Contract for Brazilian Offshore Supply Base
Today Amerada Hess Limitada signed the contract for a new offshore supply base with Brasco Logística Offshore Limitada. The base will support the company's offshore deepwater drilling operations in 2000, planned for the Campos and Santos basins, with the wells to be drilled within the State of Rio de Janeiro. The base will be located on Ilha da Conceição, Niterói, and work is currently underway to upgrade the site. Wagner Granja Victor, Secretary for Energy, Naval Construction an... 
07/25/2000Amerada Hess Reports Second Quarter Results.
New York, New York....July 25, 2000....Amerada Hess Corporation reported operating earnings of $202 million for the second quarter of 2000 compared with earnings of $37 million for the second quarter of 1999. Operating earnings in the first half of 2000 were $426 million compared with earnings of $78 million in the first half of 1999. The after-tax results by major operating activity f... 
07/17/2000Amerada Hess announces new acquisition in Azerbaijan
Amerada Hess Corporation announced today that it has reached agreement with Ramco Energy plc for the acquisition of an additional 2.08% interest in the Azeri, Chirag and Guneshli fields, being developed in the Azeri sector of the Caspian Sea. The total purchase price will be US$150 million. This acquisition adds to Amerada Hess's current holding of a 1.68% interest in this world class group of fields, bringing the total Amerada Hess interest to 3.76%. Total gross re... 
07/06/2000Amerada Hess acquires further interests in the Ivanhoe and
Amerada Hess has announced that it has completed the purchase from Veba of a further 34.46% interest in the Ivanhoe, Rob Roy and Hamish fields and the associated AH001 floating production facility. As a result, Amerada Hess. s interest in the fields and production facilities has increased substantially to more than 76% with an effective date of 1 st January 2000. In addition, a new development well has recently been completed on the Ivanhoe field. The interest acquired by Amerada Hess an... 
07/04/2000New deepwater opportunity for Amerada Hess
Amerada Hess extended its interests in Malaysia into deepwater territory on Friday 30th June when it signed a new Production Sharing Contract (PSC) with PETRONAS for Deepwater Block F off the northern coast of Sarawak. The Block covers approximately 8,000 square kilometres and the water depth ranges from 200 metres to 1200 metres. It is largely unexplored with only limited 2D seismic data having been acquired previously in the area. Amerada Hess will hold an 85% interest in t... 
06/08/2000Amerada Hess awarded new exploration licences in Brazil
In the second Brazilian licensing round held yesterday in Rio de Janeiro, Amerada Hess was awarded two licences for exploration blocks in the Sergipe-Alagoas basin, one of which it will operate. These are the first interests for the Company in the Sergipe-Alagoas Basin, which is situated off the north-eastern coast of Brazil. Amerada Hess now holds four blocks as operator in Brazil. BM-Seal-5 has an area 1,072 km² and is located some 1,300 kms north of Rio de Janeiro, in water de... 
05/02/2000Amerada Hess Oil and Gas Discovery on Block 15/27
Amerada Hess Limited, on behalf of the co-venturers in Licence P226, has announced the discovery of a potentially commercial accumulation of oil and gas on Block 15/27 in the Outer Moray Firth area of the North Sea. Exploration well 15/27-9 encountered significant quantities of oil and gas in Kopervik sands of Early Cretaceous age. Data from the well is now being evaluated, and appraisal a... 
05/02/2000Sam Laidlaw speaks at Annual Stockholders' Meeting
Good afternoon ladies and gentlemen. I would like to welcome you to your Corporation's annual stockholders meeting and thank you for joining us today. 1999 began with historically low oil price levels of only $12 a barrel, but as the year progressed oil prices increased, finishing the year at over $25 before reaching a peak of over $30 in the first quarter of this year. Although we have benefited greatly from the rise in oil and gas prices, we recognize the cyclical natur... 
05/02/2000John Hess speaks at Annual Stockholders' Meeting
Ladies and gentlemen, welcome to Amerada Hess Corporation's annual stockholders meeting for the year 2000. Thank you for being here today. Your company's 1999 financial results were significantly improved over those of the prior year. We reported operating earnings of $307 million. This compares to an operating loss of $196 million in 1998. Exploration and production had operating earnings of $324 million in 1999 compared with a loss of $18 million in 1998. Refi... 
04/25/2000Amerada Hess Reports First Quarter Results
New York, New York....April 25, 2000...Amerada Hess Corporation reported operating earnings of $224 million for the first quarter of 2000 compared with earnings of $41 million for the first quarter of 1999. The after-tax results by major operating activity for the first quarters of 2000 and 1999 were as follows (in millions, except per share amounts): ... 
04/20/2000First Oil Through Triton FPSO
First oil was produced on board the Amerada Hess operated floating production storage and offloading vessel (FPSO), Triton, when the choke on the first production well on the Bittern Field was opened and oil reached the vessel at 23.14hrs on Saturday 15 April 2000. Production from the Guillemot West and Guillemot North West Fields commenced at 07.20hrs on Thursday 20 April 2000. Once gas export is achieved, production will be ramped up to plateau production of 105,000 barrels of oil ... 
04/17/2000Amerada Hess Acquires Gassi El Agreb Field Redevelopment Project In Algeria
Amerada Hess Corporation announced today the acquisition of the Gassi El Agreb Redevelopment Project, covering the El Gassi, El Agreb and Zotti Fields, from the Algerian state oil company, Sonatrach. Amerada Hess will acquire the fields for $55 million and will form a joint operating company with Sonatrach to operate and rehabilitate the fields. The new company will be called SONAHESS, with the production initially being split 51% Sonatrach, 49% Amerada Hess. Amerada Hess will inve... 
04/04/2000Phased Approach to Perth Agreed
Amerada Hess, on behalf of the partners in Block 15/21, have taken a significant step forward in unlocking the Perth Field and a number of other adjacent prospects and undeveloped discoveries. Perth was discovered in 1991 and is located 10 kms north west of the Scott Platform. The Sigma and Gamma accumulations were discovered in the early 1990s and lie directly to the west of Scott. The sour nature of the crude contained in most of these reservoirs, together with the need for new dedic... 
03/28/2000Amerada Hess acquires further assets in Brazil
Amerada Hess Limitada has added to its Brazilian portfolio with the acquisition of a further exploration interest. An agreement was signed today with Petrobrás for the exploration block BCe-2. This is the first deepwater block to be signed with an international oil company in the Potiguar basin. The block is located some 90 kilometres off the coast of Ceará State, in water depths of between 50m and 2,000m and covers an area of 2,846km². Amerada Hess has a 16% equity int... 
03/22/2000FPSO Triton sails from Tees Offshore Base
Amerada Hess, on behalf of the partners, (Shell Expro Limited, Esso, Enterprise Oil Exploration Limited, Veba Oil & Gas Limited and Paladin Expro Limited), in the Triton development comprising the Bittern, Guillemot West and Guillemot North West Fields, announce that the FPSO Triton sailed from the Tees Offshore Base, Teesside at 00.40 hrs on Friday 17 March 2000. The vessel arrived at its location 140 miles east of Aberdeen at 19.00 hrs on Saturday 18 March to commence mooring and h... 
03/02/2000Amerada Hess Announces $300 Million Stock Repurchase Program
New York, New York...March 2, 2000…......Amerada Hess Corporation announced today that its Board of Directors has authorized expenditures of up to $300 million to repurchase shares of Amerada Hess Common Stock. The stock will be purchased from time to time in the open market or as otherwise permitted under applicable rules. John Hess, Chairman and Chief Executive Officer said that "the decision to repurchase shares is based on progress to date in reshaping the Corporation's as... 
02/24/2000Amerada Hess to Acquire Statoil Energy Marketing Business
p>New York, New York...February 24, 2000...............Amerada Hess Corporation announced today that it has reached agreement to purchase Statoil Energy Services, Inc. located in Alexandria, Virginia. Statoil Energy Services markets natural gas and electricity to industrial and commercial customers, primarily in New York, Pennsylvania, Maryland, Virginia and Washington, D.C. The acquisition will significantly expand Hess' customer base and strengthen its position as a leading ind... 
02/14/2000Amerada Hess to Acquire Merit Retail Outlets
New York, New York...February 14, 2000...............Amerada Hess Corporation announced today that it has entered into an agreement with The Meadville Corporation to acquire the 51% of the outstanding stock of The Meadville Corporation that it does not already own for approximately $168 million. The purchase includes 178 Merit retail gasoline stations and associated corporate assets located in the Northeast. Amerada Hess said that the Merit retail network will greatly stre... 
02/11/2000Hovensa L.L.C. reaches agreement for financing underwritten by Bank of America
St. Croix, U.S. Virgin Islands, February 11, 2000...............Hovensa L.L.C. ("Hovensa") announced today that it had reached agreement for $600 million in financing underwritten by Bank of America for the construction of a 58,000 barrel per day delayed coking unit and related facilities at its refinery and to repay existing bank debt. The financing includes a $450 million term loan facility and a $150 million reducing revolving credit facility. Engineering for the coker ... 
01/21/2000Amerada Hess Reports Fourth Quarter 1999 Results
New York, New York....January 21, 2000........Amerada Hess Corporation reported income excluding special items of $176,000,000 for the fourth quarter of 1999 compared with a loss of $99,300,000 for the fourth quarter of 1998. For the full year, income excluding special items was $306,500,000 compared with a loss of $196,100,000 in 1998. Including special items, net income amounted to $131,100,000 in the fourth quarter of 1999 and $437,600,000 for the year 1999. The after-tax results ...