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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.
In less than three weeks, President Donald Trump and Elon Musk have upended the federal workforce, firing top officials, grinding billion-dollar agencies to a halt and convincing tens of thousands ...
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.
Triton was founded in Dallas, Texas by E.R. Wiley in 1962, and had total proved reserves of almost 300 million barrels of oil equivalent when Amerada Hess Corporation purchased it in 2001 for $3.2 billion. At the time, Triton had operations in North and South America, West Africa, Southeast Asia, Europe, Australia and New Zealand. [2]
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