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In September 1990, Amerada Hess acquired British Petroleum's stake in Norway's Brage oil field, which was due to start producing in 1994. [25] The company closed a Mississippi refinery in January 1994, eliminating 160 jobs. [26] In October, Amerada Hess formed a joint venture with Gabon to gain access to the Rabi-Kounga oil field. [27]
Hess is an independent energy company engaged in the exploration and production of crude oil and natural gas, with a position in a key U.S. shale play—the Bakken in North Dakota. Hess is also one of the largest producers in the deepwater Gulf of Mexico and a key natural gas producer and supplier to Peninsular Malaysia and Thailand. [5]
Amerada Hess Corp. v. Division of Taxation, 490 U.S. 66 (1989), was a United States Supreme Court case in which the Court held that, when determining how much business a corporation has done in a state for tax purposes, the Dormant Commerce Clause requires only that the formula be rational.
Hess became chairman and CEO of Hess Corporation in 1995. He stepped down as chairman in May 2013, retaining his position as CEO. [6] In September 2024, the Federal Trade Commission conditioned approval of the company’s $53 billion acquisition by Chevron Corporation on Hess being prohibited from serving on the company's board due to his past communications with OPEC.
The accounting profession is in a prolonged bear market. In recent years, over 300,000 accountants have left their jobs—thanks to retiring Baby Boomers and middle-aged professionals burning out ...
Leon Hess (March 14, 1914 – May 7, 1999) was an American businessman, the founder of the Hess Corporation and the owner of the New York Jets.Hess built an oil terminal in New Jersey after the Great Depression, building his first refinery in the late 1950s.
North Dakota Mill and Elevator: Consumer goods Food products Grand Forks: 1922 State-owned flour mill S A Packet Digital: Technology Semiconductors Fargo: 2003 Integrated circuit manufacturing P A Pointe of View Winery: Consumer goods Distillers & vintners Burlington: 2002 Winery P A Pracs Institute: Health care Biotechnology Fargo: 1983 ...
Dana Hess spent more than 25 years in South Dakota journalism, editing newspapers in Redfield, Milbank and Pierre. He's retired and lives in Brookings, working occasionally as a freelance writer.
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