The Hess Corporation is an American integrated oil company headquartered in New York City, and a Fortune 100 corporation. The company explores, produces, transports, and refines crude oil and natural gas. Vertically completing the logistical chain, about 1,360 Hess branded filling stations market gasoline to consumers in 16 states along the East Coast of the United States. Refined petroleum products, as well as natural gas and electricity, are marketed to customers throughout the East Coast of the United States. Although towered over in size by enormous global players in the same industry, Hess placed #75 in the 2013 Fortune 500 rankings.The company has exploration and production operations in the United States, United Kingdom, Norway, Denmark, Russia, Equatorial Guinea, Algeria, Libya, Gabon, Egypt, Ghana, the Joint Development Area of Malaysia and Thailand, Indonesia, Thailand, Azerbaijan, Australia, Brazil, and St. Lucia. Hess is also active in the financial markets, through the Hess Energy Trading Company , its trading arm.Hess Corporation is a signatory participant of the Voluntary Principles on Security and Human Rights. Wikipedia.
News Article | April 18, 2017
NEW YORK, April 18, 2017 /PRNewswire/ -- Hess Corporation today announced that the Miniature Hess Toy Truck series will return as a limited-production, three-vehicle set – forming the 2017 Mini Collection. Each vehicle included in the set will be a fully detailed, small-scale version of one of the popular holiday Hess Toy Trucks, equipped with working lights and a detachable display base. The designs included in the 2017 Mini Collection will be revealed when it goes on sale June 1 at 10 a.m. EST. The three-vehicle set will be sold exclusively at www.hesstoytruck.com for $26.99 with free standard shipping and 9 Energizer® batteries included.
News Article | April 21, 2017
NEW YORK--(BUSINESS WIRE)--Hess Corporation (NYSE:HES) has earned a place on Corporate Responsibility magazine’s prestigious list of 100 Best Corporate Citizens for 2017. The list recognizes public companies across the United States with strong performance in such areas as environment, climate change, employee relations, human rights, governance, finance, philanthropy and community support. Hess is ranked one of the top oil and gas companies and No. 51 overall. The company has been named to the list each of the last 10 years. Ratings are based on 260 data points of disclosure and performance measures from publicly-available information. “ Our company is committed to helping meet the world’s growing energy needs in a safe, environmentally responsible, socially sensitive and profitable way,” said John Hess, Chief Executive Officer, Hess Corporation. “ Sustainability practices are a fundamental part of our business strategy and operations, and we are proud to have been recognized once again for the quality of our environmental, social and governance performance and disclosure.” The 100 Best Corporate Citizens List ranks the Russell 1000 Index of publicly held U.S. companies. The methodology for generating the list is governed by the Ratings and Rankings Thought Leadership Council of the Corporate Responsibility Association (CRA). The full list is available at http://www.thecro.com/wp-content/uploads/2017/04/2017.100Best.pdf. Hess Corporation is a leading global independent energy company engaged in the exploration and production of crude oil and natural gas. More information on Hess Corporation is available at www.hess.com.
News Article | May 16, 2017
NETS is a collaborative group of employer road safety professionals whose objective is to advance road safety for employees, their family members and members of the communities where they live and work. Members help one another improve road safety and reduce losses through fleet safety benchmarking and sharing proven, best practice approaches. NETS membership includes global traffic safety leaders across private industry and government, whose fleets range from fewer than 100 vehicles to those with more than 50,000. "We are honored to be one of a small group of companies in the fleet safety industry to be chosen as a sponsor/partner with NETS," stated Matthew Betz, vice president of fleet channels for SambaSafety. "We will be serving alongside a number of our fleet motor channel partners, but are unique among NETS sponsors as we are the only motor vehicle records/continuous driving monitoring provider." Founded in 1998, SambaSafety is the leading provider of Driver Risk Management (DRM) software in North America. By collecting, correlating and analyzing motor vehicle records (MVRs) and other data sources, the technology company identifies driver risk and enables its customers to modify their drivers' behavior, reduce accidents, ensure compliance, and lower costs - ultimately improving driver and community safety. For more information, visit sambasafety.com. About SambaSafety Founded in 1998, SambaSafety is the market leader of cloud-based risk management software solutions for organizations with commercial and non-commercial drivers. Through the collection, correlation and analysis of driver information - motor vehicle records, court data, status checks, accident data, incident data, compliance information, medical certifications - its innovative platform automates the driver risk management process delivering a comprehensive 360-degree view of driver behavior and performance. SambaSafety provides organizations across the United States and Canada the actionable insight to improve driver performance, reduce accidents, lower insurance costs and limit risks - ultimately improving community safety. For more information, visit sambasafety.com. About NETS NETS is a 501(c) 3 employer-led organization, a partnership between the U.S. federal government and the private sector. NETS' mission is to reduce road-related collisions, injuries, deaths and costs. Established in 1989, NETS' programs and services are dedicated to improving the safety of employees, their families, and members of the communities where they live and work by preventing traffic crashes that occur on-and-off the job. NETS is committed to outreach—providing road safety materials electronically and free of charge. Board member companies include Abbott, AmeriFleet Transportation, Chubb, The Coca-Cola Company, Consolidated Edison, Hess Corporation, Johnson & Johnson, Liberty Mutual Insurance Group, Monsanto Company, Nationwide Mutual Insurance Group, Shell International Petroleum Company B.V. and UPS. In addition, the National Highway Traffic Safety Administration (NHTSA) and the National Institute for Occupational Safety and Health (NIOSH) serve as federal liaisons to the board of directors. For more information, visit trafficsafety.org. To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/sambasafety-announces-sponsorship-of-the-network-of-employers-for-traffic-safety-nets-300458540.html
News Article | July 19, 2017
NEW YORK--(BUSINESS WIRE)--Hess Corporation (NYSE: HES) published its 2016 Sustainability Report today, providing a comprehensive review of the company’s strategy and performance on safety, environmental, social and governance programs and initiatives. An electronic version is available at http://www.hess.com/sustainability/sustainability-reports. “ We believe sustainable practices create value for our shareholders and opportunities to continuously improve business performance,” said Hess CEO John B. Hess. “ We are proud of the progress made and excited to continue building a sustainable enterprise that makes a positive difference for our stakeholders and the world around us.” Hess Corporation’s 20th annual sustainability report has achieved the G4 Core level for sustainability reporting under the Global Reporting Initiative (GRI) methodology. GRI is an independent organization that provides the world’s most widely recognized sustainability reporting and disclosure standards. The report has been third-party assured by ERM Certification and Verification Services. Hess Corporation is a leading global independent energy company engaged in the exploration and production of crude oil and natural gas. Hess is committed to helping meet the world’s growing energy needs in a safe, environmentally responsible, socially sensitive and profitable way. More information on the company is available at www.hess.com.
News Article | June 16, 2017
NEW YORK--(BUSINESS WIRE)--Hess Corporation (NYSE:HES) today announced it has sanctioned the first phase of development of the Liza Field, one of the industry’s largest oil discoveries of the past decade, located on the Stabroek Block offshore Guyana. In addition, the company announced positive results from the Liza-4 well, which encountered more than 197 feet (60 meters) of high-quality, oil-bearing sandstone reservoirs and will underpin a potential Liza Phase 2 development. Gross discovered recoverable resources for the Stabroek Block are now estimated to be 2.0 billion to 2.5 billion barrels of oil equivalent, including Liza and other successful exploration wells on Liza Deep, Payara and Snoek. The first phase of a planned multiphase development of the Liza Field is expected to have a gross capital cost of approximately $3.2 billion for drilling and subsea infrastructure and will develop approximately 450 million barrels of oil, with first oil expected by 2020. The first phase of development will utilize a leased floating production, storage and offloading vessel (FPSO) that will have the capacity to process up to 120,000 barrels of oil per day from four subsea drill centers consisting of 17 wells, including eight producers, six water injectors and three gas injectors. Hess’ net share of development costs is forecast to be approximately $955 million, of which $110 million is already included in Hess’ 2017 capital and exploratory budget. Of the remaining net development costs, approximately $250 million is expected in 2018 and approximately $330 million in 2019, with the balance expected between 2020 and 2021. “Development of the world class Liza resource with a low cost, phased approach accelerates first production and positions us to deliver significant value to our shareholders,” CEO John Hess said. “We look forward to working with our partners and with the Government of Guyana on this important project.” In 2017 and 2018, Hess and its partners plan to continue exploration and appraisal of the 6.6 million acre Stabroek block. There are numerous prospects across multiple play types on the block, representing additional multibillion barrel unrisked exploration potential. Drilling of the Payara-2 well, which will also test a deeper prospect underlying the Payara oil discovery, is expected to commence in late June following completion of a drillstem test at Liza-4. Esso Exploration and Production Guyana Limited is operator and holds 45 percent interest in the Stabroek Block. Hess Guyana Exploration Limited holds a 30 percent interest and CNOOC Nexen Petroleum Guyana Limited holds a 25 percent interest. Hess Corporation is a leading global independent energy company engaged in the exploration and production of crude oil and natural gas. More information on Hess Corporation is available at http://www.hess.com. This news release contains projections and other forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These projections and statements reflect the company’s current views with respect to future events and financial performance. No assurances can be given, however, that these events will occur or that these projections will be achieved, and actual results could differ materially from those projected as a result of certain risk factors. A discussion of these risk factors is included in the company’s periodic reports filed with the Securities and Exchange Commission. We use certain terms in this release relating to resources other than proved reserves, such as unproved reserves or resources. Investors are urged to consider closely the disclosure relating to proved reserves in Hess’ Form 10-K, File No. 1-1204, available from Hess Corporation, 1185 Avenue of the Americas, New York, New York 10036 c/o Corporate Secretary and on our website at www.hess.com You can also obtain this form from the SEC on the EDGAR system.
News Article | May 25, 2017
Hess Corporation has signed a non-exclusive 10-year global agreement with Wood Group to provide engineering, project management, construction, commissioning, operations & maintenance, integrity management, subsea, and decommissioning services. The two companies have worked together for more than 25 years on a wide range of projects worldwide. Hess and Wood Group are committed to a transparent, cooperative partnership based on continuous improvement. Using proven methodologies, the two teams aim to remove waste and improve performance leading to safe and reliable operations. Robin Watson, Wood Group chief executive, said, 'This agreement further solidifies the strong relationship we have with Hess. The ability to consolidate the full breadth of our services under one agreement offers an exceptional level of continuity to Hess and all our clients. 'We look forward to many more years of working together with Hess as we unlock our combined potential to create more efficiencies through innovation. We share the same operational excellence mindset and fully expect to achieve meaningful progress in safety, performance and cost savings.'
News Article | May 25, 2017
VIENNA, Va.--(BUSINESS WIRE)--The Network of Employers for Traffic Safety (NETS) is pleased to announce Consolidated Edison of New York (Con Edison) has joined the organization’s Board of Directors. Con Edison’s fleet encompasses diverse functions, in diverse vehicles, in both urban and rural New York environments. The company serves more than 3 million customers in an extremely populous 660 square miles making up the city of New York. It also serves more than 300,000 additional customers spread out over 1,350 square miles in New York, New Jersey and Pennsylvania. Con Edison’s road safety program focuses on measuring performance and improving safety through a combination of policies, expectations, rewards and interventions, communication and awareness, and oversight and measurement. A core component of the program is the focus on outcome-based metrics, with the assumption that all vehicle crashes are preventable. “Safety and operational excellence are at the core of everything we do to meet our customers’ energy needs, and roadway safety is no exception,” said Gregg Slintak, Con Edison’s Director of Safety, Industrial Hygiene, and Fire Prevention. “Our dense urban driving environment demands unwavering focus, as well as strong commitment to the pursuit of continuous improvement. We’re pleased to join NETS Board of Directors and look forward to partnering with others in the broader mission to improve roadway safety for all users.” “The Board of Directors extends a warm welcome to Con Edison and Gregg Slintak,” said Dane Bremer, NETS Board Chair and Director, Employee Safety & Global Business Continuity, Liberty Mutual. “Always innovating and working to improve road safety for their employees and the public, Con Edison brings additional diversity and Utility sector representation to the board. Collectively, we could not be more pleased and look forward to collaborating as we work to reduce risk and save lives.” NETS Board of Directors members are comprised of public and private sector leaders with a commitment to road safety. They are senior level leaders who promote NETS’ mission and represent businesses and organizations that have created a proactive safety culture by promoting traffic safety policies and awareness activities in their workplaces. Established in 1989, NETS board of director companies are recognized in the U.S. and around the world for advancing road safety. Consolidated Edison joins current board members Abbott, AmeriFleet Transportation, The Coca-Cola Company, Chubb, Hess Corporation, Johnson & Johnson, Liberty Mutual Insurance Group, Monsanto Company, Nationwide Mutual Insurance Group, Shell International Petroleum Company and UPS. In addition, the National Highway Traffic Safety Administration (NHTSA) and the National Institute for Occupational Safety and Health (NIOSH) serve as federal liaisons to the board of directors. NETS is a 501(c)3 public/private partnership dedicated to improving the safety of employees, their families, and members of the communities in which they live and work by preventing traffic crashes that occur both on and off-the-job. NETS is a member of the United Nations Road Safety Collaboration, which provides guidance to the Decade of Action for Road Safety 2011-2020 global initiative. For more information on NETS, visit www.trafficsafety.org.
News Article | June 19, 2017
NEW YORK--(BUSINESS WIRE)--Hess Corporation (NYSE:HES) today announced it has entered into an agreement to sell its interests in enhanced oil recovery (EOR) assets in the Permian Basin to Occidental Petroleum Corporation (NYSE:OXY) for a total consideration of $600 million, effective June 1, 2017. Proceeds from the sale will be used to fund the company’s strong growth opportunities. The transaction consists of the following Hess-operated assets: the Seminole-San Andres Unit (Hess 34.2% interest) and the Seminole Gas Processing Plant (Hess 46.6% interest) in Texas; the West Bravo Dome C02 field in New Mexico (Hess 100% interest); and a 9.9% non-operated interest in the Bravo Dome unit in New Mexico. These assets produced an average of 8,200 barrels of oil equivalent per day in 2016 net to Hess. The agreement is subject to regulatory approvals and other customary closing conditions and is expected to close August 1, 2017. Hess Corporation is a leading global independent energy company engaged in the exploration and production of crude oil and natural gas. More information on Hess Corporation is available at http://www.hess.com. This news release contains projections and other forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These projections and statements reflect the company’s current views with respect to future events and financial performance. No assurances can be given, however, that these events will occur or that these projections will be achieved, and actual results could differ materially from those projected as a result of certain risk factors. A discussion of these risk factors is included in the company’s periodic reports filed with the Securities and Exchange Commission.
Hess Corporation | Date: 2016-09-30
Systems, apparatuses, and methods for conditioning fluid, for example, to reduce the concentration of a contaminant in a fluid are provided. In one embodiment, the method comprises: introducing a contaminated fluid and a first stripping gas into a first vessel; contacting the contaminated fluid with the first stripping gas to reduce the concentration of a contaminant in the contaminated fluid; transferring the contaminated fluid into a second vessel; introducing a second stripping gas into the second vessel; and contacting the contaminated fluid with the second stripping gas to further reduce the concentration of the contaminant in the contaminated fluid.
Hess Corporation | Date: 2015-04-06
Improved methods and systems for efficiently and accurately modelling geological formations are disclosed. A geological model of a region of interest comprises a parent region having a plurality of child regions. A geological model of the parent region is designed. One of the plurality of child regions is extracted from the parent region while maintaining a first parent-child relationship between the child region and the parent region. The geological model of the child region may then be refined or manipulated. The geological model of the child region is then reintegrated with the geological model of the parent region.