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See Taylor Swift's disgusted reaction to Justin Bieber-Selena Gomez backstage kiss
NEW YORK, Nov. 13 (UPI) -- U.S. energy company Hess Corp. announced it was considering selling a Russian subsidiary that produces about 50,000 barrels a day of oil equivalent.
Hess, in a statement, said it retained financial company Goldman Sachs to serve as its adviser for the potential sale of Russian subsidiary Samara-Nafta, which produces 50,000 boe per day from the Volga-Urals region.
Hess described the move as a "strategic reshaping" initiative.
Greg Hill, president of global exploration and production for Hess, used similar phrasing when describing the October sale of its Beryl area fields on the British continental shelf to Shell for $525 million.
The region includes 12 fields that Hess said yielded around 14,000 barrels of oil equivalent per day for the first nine months of the year.
Shell said the area may continue producing for the next 20 years and the acquisition should increase Shell's regional production by as much as 24,000 boe per day.
Hess stated a financial gain during its third-quarter earnings report.
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BUENOS AIRES, May 21 (UPI) --
To the joy of neighboring rivals, Argentina's beef exports are dwindling and traders blame government policies.
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MUSCAT, Oman, May 21 (UPI) --
The Persian Gulf sultanate of Oman is set to buy a $2.1 billion missile system built by the U.S. Raytheon Co. as part of a U.S. drive to install a coordinated air-defense system linking the region's Arab monarchies to counter Iran.
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Properties repossessed by lenders in the first quarter took an average of 477 days to complete the foreclosure process, up from 414 days in the previous...
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Nobody likes spending cuts but the champion of that attitude is clearly President Barack Obama, who seems to have a very clear pain-avoidance agenda.
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