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Stock Market & Financial Investment News

News Breaks
July 31, 2013
11:23 EDTHESHess Corp. says interest in U.S. terminals has been positive
On its Q2 earnings call earlier, Hess Corp. said its effort to sell its U.S. terminal business in the "current environment is a positive thing" and that the interest has been "keen in these assets." The company added that the sales progress is "well underway and is going according to plan."
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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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