Amerada Hess News

US market closes lower After a strong week, the US market closes lower overnight.

OPEC on Wednesday cautioned that a sustained increase in oil prices above their current level could erode crude demand next year amid a shaky global economic recovery.

In this Nov. 2, 2009 photo, a Hess Corp. oil storage facility is shown in this aerial photo in Newark, N.J. Oil prices rose to near $80 a barrel Wednesday, Nov.

So far, institutional investors have not noticed that Hess Corp.'s upstream operations should benefit from high oil prices in the $80 per barrel range.

Even though a lease agreement has been reached with Hess Corp. for natural gas drilling, the Northern Wayne Property Owners Alliance is not resting.

Hess Corp. , the fifth-biggest U.S. oil company, is considering several options including a floating liquefied natural gas facility to develop its reserves off Western Australia, a company official said.

Hess LNG says it's planning a scaled-back verison of the liquified natural gas terminal that BP tried and failed to build at Crown Landing in Logan Township, Gloucester County, creating hundreds of temporary construction jobs but scaring environmentalists in Delaware, which controls access to the site.

Hess Corp. is celebrating the 45th anniversary of what has become a family holiday tradition for generations with the newest addition to its collection of holiday toy trucks: The 2009 Hess Race Car and Racer.

An affiliate of the Hess Corporation has acquired ownership of the stalled Crown Landing liquefied natural gas project along the Delaware River in Logan Township.

A.H. Belo Corp. , publisher of the Dallas Morning News , posted a net loss of $5.8 million in the third quarter after paying out $20 million in charges associated with the closing of a packaging facility operated by the Dallas Morning News .

Hess Corp. reported net income of $341 million for the third quarter of 2009, compared with net income of $775 million for the third quarter of 2008.

Hess Corp. reported third-quarter earnings of 74 cents per diluted share, easily beating the Zacks Consensus Estimate of 54 cents.

The New York-based oil and gas company increased its production by 16% to 420,000 barrels a day, from 361,000 barrels a day.

SEG 2009, HOUSTON - NVIDIA announced today that Hess Corp., a leading global independent energy company, is using HP Z800 workstations outfitted with NVIDIA Quadro graphics processing units and NVIDIA SLI Multi-OS technology to investigate reducing IT costs while increasing productivity for geosciences professionals.

That's the unified message from the complement of Staten Island lawmakers, who fired off letters this week to federal agencies decrying a 512-megawatt electrical power plant slated to be constructed at water's edge in Bayonne , upwind from Staten Island and less than a quarter-mile off shore from St.

NYCT Scene of fatal Port Richmond accident Sign Tampering Popular video categories: >> YOUR PHOTOS Latest user-submitted photos: UPLOAD HERE >> SEE MORE PHOTOS >> YOUR VIDEOS Share the videos you've shot - it's easy! >> WATCH VIDEOS >> Bayonne power plant a mood-Killer, pols complain Only 5 football fields' worth of Kill between Island and energy ...

The farmland around the college town of Oneonta, N.Y., is punctuated by barns and cows.

Charles Sheppard, vice president for global exploration for the Hess Corp., gave a pep talk at the Wayne County Fairgrounds Saturday to hundreds of landowners who recently agreed to join his company in a gas drilling alliance.

To Claire Freda, councilor at large: Claire, why would we want you on the City Council? You had no foresight when the Hess Gas Station was put on Route 12.

Hess Corp. will now accept Discover Financial Services' Discover Zip payment devices at more than 870 company-operated Hess and Hess Express locations along the eastern United States by the end of the year.