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December 19, 2013
09:25 EDTANW, HESAegean Marine completes acquisition of Hess East Coast bunkering business
Aegean Marine Petroleum (ANW) announced the completion of the previously announced acquisition of the U.S. East Coast bunkering business of Hess Corporation (HES). The transaction, which includes bunkering operations that averaged 1.8M metric tons in annual sales over the past three years, is valued at $30M plus the value of the purchased inventory and also includes approximately 250,000 cubic meters of leased tank storage.
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April 23, 2014
08:00 EDTHESHess Corp. announces sale of Thailand assets for $1B to PTTEP
Hess Corporation announced it has sold its interests in both the Sinphuhorm and Pailin Fields located in Thailand to PTT Exploration and Production Public Company Limited for a total after-tax consideration of approximately $1B, effective July 1, 2013. Together, the two assets produced an average of 17,000 barrels of oil equivalent per day net to Hess in 2013. Hess will use the proceeds from this sale to continue repurchasing shares under its existing $4B authorization.
06:21 EDTHESPTTEP to buy Hess Corp.'s Thailand assets for $1B
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