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Stock Market & Financial Investment News

News Breaks
December 18, 2013
07:03 EDTSRLP, HESSprague Resources to acquire Hess' Commercial Fuels business
Sprague Resources (SRLP) announced it has signed an agreement to acquire the Commercial Fuels business of Hess (HES) outside of the New York City service area. The transaction is expected to be finalized prior to the end of the year.
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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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