|11/06/2000||Amerada 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... |
|10/25/2000||Amerada 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
|10/18/2000||Amerada 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
A replay of the conference call will be available through November 1 by ... |
|10/10/2000||Amerada 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
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... |
|09/08/2000||Minister 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... |
|09/06/2000||Regular 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
|08/16/2000||Faroes 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... |
|08/16/2000||Amerada 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... |
|07/25/2000||Amerada 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
The after-tax results by major operating activity f... |
|07/17/2000||Amerada 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... |
|07/06/2000||Amerada 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... |
|07/04/2000||New 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... |
|06/08/2000||Amerada 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... |
|05/02/2000||Amerada 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... |
|05/02/2000||Sam 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... |
|05/02/2000||John 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.
|04/25/2000||Amerada 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
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):
|04/20/2000||First 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 ... |
|04/17/2000||Amerada 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... |
|04/04/2000||Phased 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... |
|03/28/2000||Amerada 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... |
|03/22/2000||FPSO 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... |
|03/02/2000||Amerada 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
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
|02/24/2000||Amerada 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... |
|02/14/2000||Amerada 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
Amerada Hess said that the Merit retail network will greatly stre... |
|02/11/2000||Hovensa 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 ... |
|01/21/2000||Amerada 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 ... |