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Amerada Hess
built 649 days ago
Amerada Hess is an integrated oil and gas company of almost 11,000 employees engaged in the worldwide exploration for and production of crude oil and natural gas. Amerada Hess ... engages in refining and marketing refined petroleum products, natural gas, and electricity in the United States. The company explores millions of acres both on-shore and offshore and has thousands of wells producing oil and natural gas. Amerada Hess produces crude oil and/or natural gas in the United States, the United Kingdom, Norwegian and Danish sectors of the North Sea, Equatorial Guinea, Gabon, Algeria, Azerbaijan, Thailand, Malaysia, Indonesia, and Colombia. For 2001, the company posted revenues of U.S $13.4 billion. www.hess.com
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"Amerada Hess has been a satisfied customer of HNS' since 1999," said John McManus, manager, Retail Information Systems at Amerada Hess. "We were pleased that HNS had a solution for us as we implement our new point-of-sale system, which requires true broadband capability."
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Amerada Hess has an 85% working interest in the Block and is the operator. Amerada Hess' partner in the Block is Energy Africa Equatorial Guinea Ltd, a wholly-owned subsidiary of Tullow Oil plc, which has the remaining 15% working interest. GEPetrol, the national oil company of Equatorial Guinea, will have a carried 5% participating interest in any commercial production from the G-19 well.
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An integrated oil and gas company which conducts exploration and production in Denmark, Gabon, Norway, the U.K., and the U.S., Amerada Hess ... has operations in Indonesia, Thailand, and other countries. The company operates a 50 percent-owned refinery in the U.S. Virgin Islands and a smaller one in New Jersey.
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Amerada Hess: Increased regional influence to promote the optimum appraisal and development programs for a number of gas and condensate discoveries in the South Halibut Basin. This is a good example of one of the objectives of the UK Oil and Gas Industry Task Force to encourage companies to unlock the potential of North Sea assets by co-operative licence transactions. "This is good news. It allows both Talisman and Amerada Hess to add value by focusing on their respective core area growth opportunities and moving more rapidly towards development activity," said Dr. Jim Buckee, President and CEO. "Talisman intends to work with BG (the Blake field operator) to deliver a development scheme that will maximise value and reserves recovery for both Blake and Ross." The majority of the Blake field lies in part of Blocks 13/24a and 13/24b, with a recently established extension into part of Block 13/29b.
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Under the leadership of John Hess, Amerada Hess entered the new century intent on securing its position as a leading independent, integrated energy company. The company's main focus centered on exploration and production, while marketing and refining remained secondary concerns. During 2000, Amerada Hess attempted to strengthen its international holdings when it made a play for Lasmo, a British exploration and production firm. The company offered Lasmo $3.5 billion in cash and stock. However, its plans were thwarted when Italy-based ENI S.p.A. came in with a higher offer.
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Amerada Hess