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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]
The leading crude oil-producing areas in the United States in 2023 were Texas, followed by the offshore federal zone of the Gulf of Mexico, North Dakota and New Mexico. [2] The United States became the largest producer of crude oil of any nation in history in 2023. [3] Natural gas production reached record highs. [4]
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 Department of Health and Human Services message comes amid days of confusion after emails from the U.S. Office of Personnel Management and a tweet by Elon Musk.
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.
Oct 13, 2022; Washington, DC, USA; Chairman Bennie G. Thompson (D-MS) during the public hearing. The committee to investigate the January 6 attack on the United States Capitol resumes public ...
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