Hess Corp (HES.N)
|Market Cap (Mil.):||$31,238.59|
|Shares Outstanding (Mil.):||314.21|
July 30 - Hess Corp said on Wednesday it would form a master limited partnership (MLP) for its North Dakota oil and natural gas storage facilities and processing plants, taking advantage of a key financial trend in the energy sector to generate cash.
July 30 - The following bids, mergers, acquisitions and disposals were reported by 1400 GMT on Wednesday:
- Oil and natural gas producer Hess Corp said it plans to form a publicly traded master limited partnership (MLP) comprising its pipeline and storage assets in North Dakota's Bakken oil shale field.
* Expects to launch an IPO in 1st-quarter of 2015 (Adds details from statement, background)
July 30 - Oil and natural gas producer Hess Corp said it plans to form a publicly-traded master limited partnership comprising its pipeline and storage assets in North Dakota's Bakken oil shale field.
(Corrects company name in paragraph 2 to Newark Energy Center from Newark Energy Centery)
MOSCOW, June 18 - Lukoil is in talks with U.S. oil firm Hess Corp to buy a stake in its offshore project in Ghana, two sources close to the talks said, as part of its strategy to look beyond a closed Russian market.
* Review could lead to an IPO of Asian portfolio (Adds details on previous asset sales, options being considered)
(Corrects to remove reference to Gannett Co exploring bid for Cars.com. This story was first reported on May 7, not May 22)
- Marathon Petroleum Corp is poised to expand its growing Midwest and Gulf Coast fuel trading operation to the East Coast with Thursday's deal to buy Hess Corp's retail network and transport contracts.