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Corporation
ENERGY & UTILITIES | Oil & Gas Production & Exploration
hess.com

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Investments

1

Portfolio Exits

6

Partners & Customers

10

About Hess

Hess is engaged in the exploration and production of crude oil and natural gas, as well as in refining and marketing refined petroleum products, natural gas and electricity.

Hess Headquarter Location

1185 Avenue of the Americas 40th Floor

New York, New York, 10036,

United States

212-997-8500

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Hess Web Traffic

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Page Views per Million (PVPM)
Reach per Million (RPM)
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Latest Hess News

Libya: TotalEnergies strengthens its presence and implements its multi-energy strategy

Nov 25, 2021

Paris – WEBWIRE – Thursday, November 25, 2021 During the Libya Energy & Economy Summit, the first economic conference to take place in Libya in 10 years, initiated by the Government of National Unity, TotalEnergies signed with the Libyan authorities various agreements for the sustainable development of the country’s natural resources. These agreements aim to develop solar projects supplying electricity to the Libyan people and to invest in projects reducing gas flaring in oil fields in order to supply gas to power plants as well as to contribute to the national goal of restoring the country’s oil production to 2 million barrels per day and supplying world markets. Among the signed agreements is a Memorandum of Understanding between TotalEnergies and the General Electricity Company of Libya for the development of solar photovoltaic projects with a total capacity of 500 MW designed to supply electricity to the national grid. Additionally, the Council of Ministers of the Government of National Unity approved the joint acquisition by TotalEnergies and ConocoPhillips of the 8.16% interest held by Hess in the Waha concessions, which will increase TotalEnergies’ interest in these concessions from 16.33% to 20.41%. During the conference, TotalEnergies thus confirmed its willingness: to develop the production capacity of the Waha concessions, notably the 100 kbpd North Gialo project, representing a $2 billion investment, to invest in gas gathering projects to reduce flaring and supply power plants in the region and using solar energy to power Waha’s industrial facilities. “These agreements reflect TotalEnergies’ willingness to strengthen its investments in Libya’s energy sector. We aim to assist the country in building a more sustainable future through a better use of the country’s natural resources, including solar energy, which will directly improve the accessibility of cleaner, more reliable and more affordable electricity to the Libyan people,” said Patrick Pouyanné, Chairman & CEO of TotalEnergies. “We are thus leveraging our leadership position in the region, where the lowest-cost hydrocarbons are produced, to pursue our development in renewable electricity. These agreements further illustrate the sustainable development model of TotalEnergies, a global multi-energy company that supports producing countries in their energy transition.” *** TotalEnergies in Libya TotalEnergies has been present in Libya since 1954. In 2020, the Company’s production was 43,000 boe/d. This production comes from the offshore Al Jurf field (TotalEnergies, 37.5%), the El Sharara onshore area (TotalEnergies, 15% on block ex-NC 115 and 12% on Block ex-NC 186) and the Waha fields (TotalEnergies, 20.41%, after the joint acquisition of Hess interest). About TotalEnergies TotalEnergies is a global multi-energy company that produces and markets energies on a global scale: oil and biofuels, natural gas and green gases, renewables and electricity. Our 105,000 employees are committed to energy that is ever more affordable, cleaner, more reliable and accessible to as many people as possible. Active in more than 130 countries, TotalEnergies puts sustainable development in all its dimensions at the heart of its projects and operations to contribute to the well-being of people. Cautionary Note The terms “TotalEnergies”, “TotalEnergies company” or “Company” in this document are used to designate TotalEnergies SE and the consolidated entities that are directly or indirectly controlled by TotalEnergies SE. Likewise, the words “we”, “us” and “our” may also be used to refer to these entities or to their employees. The entities in which TotalEnergies SE directly or indirectly owns a shareholding are separate legal entities. TotalEnergies SE has no liability for the acts or omissions of these entities. This document may contain forward-looking information and statements that are based on a number of economic data and assumptions made in a given economic, competitive and regulatory environment. They may prove to be inaccurate in the future and are subject to a number of risk factors. Neither TotalEnergies SE nor any of its subsidiaries assumes any obligation to update publicly any forward-looking information or statement, objectives or trends contained in this document whether as a result of new information, future events or otherwise. Information concerning risk factors, that may affect TotalEnergies’ financial results or activities is provided in the most recent Registration Document, the French-language version of which is filed by TotalEnergies SE with the French securities regulator Autorité des Marchés Financiers (AMF), and in the Form 20-F filed with the United States Securities and Exchange Commission (SEC). ( Press Release Image: https://photos.webwire.com/prmedia/6/282031/282031-1.jpg )

Hess Investments

1 Investments

Hess has made 1 investments. Their latest investment was in Jackie Robinson Foundation as part of their Grant on July 7, 2021.

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Hess Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

7/8/2021

Grant

Jackie Robinson Foundation

$1.4M

Yes

2

Date

7/8/2021

Round

Grant

Company

Jackie Robinson Foundation

Amount

$1.4M

New?

Yes

Co-Investors

Sources

2

Hess Portfolio Exits

6 Portfolio Exits

Hess has 6 portfolio exits. Their latest portfolio exit was Hess - Denmark Unit on March 18, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

3/18/2021

Divestiture

$991

6

00/00/0000

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10

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$991

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10

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$991

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10

Date

3/18/2021

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00/00/0000

00/00/0000

00/00/0000

Exit

Divestiture

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Companies

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Valuation

$991

$991

$991

Acquirer

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Sources

6

10

10

10

10

Hess Acquisitions

1 Acquisition

Hess acquired 1 company. Their latest acquisition was Marquette Exploration on September 23, 2011.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

9/23/2011

$991

Acquired

Date

9/23/2011

Investment Stage

Companies

Valuation

$991

Total Funding

Note

Acquired

Sources

Hess Partners & Customers

10 Partners and customers

Hess has 10 strategic partners and customers. Hess recently partnered with DOF Subsea on January 1, 2021.

Date

Type

Business Partner

Country

News Snippet

Sources

1/29/2021

Vendor

DOF Subsea

Norway

DOF Subsea Group has been awarded multiple new contracts

In the Asia Pacific region DOF Subsea has secured several contracts for a four month campaign offshore New Zealand , utilizing the vessel Skandi Constructor Singapore with start-up late December 2012 .

1

8/28/2019

Vendor

Petrofac

United Kingdom

Petrofac awarded UK North Sea contract by Hess

Petrofac has been awarded a contract of an undisclosed value by Hess , a leading independent energy company , for the well-plugging and abandonment of four wells within the Rubie and Renee oilfields in the Central sector of Britain 's North Sea , according to a press report in Emirates News Agency issued yesterday .

1

9/6/2018

Vendor

Wood

United Kingdom

Wood providing operations services to Hess in the Gulf of Mexico

Hess Corporation and Wood are committed to a transparent , cooperative partnership based on continuous improvement .

1

8/20/2018

Partner

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10

8/20/2018

Partner

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10

Date

1/29/2021

8/28/2019

9/6/2018

8/20/2018

8/20/2018

Type

Vendor

Vendor

Vendor

Partner

Partner

Business Partner

DOF Subsea

Petrofac

Wood

Country

Norway

United Kingdom

United Kingdom

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News Snippet

DOF Subsea Group has been awarded multiple new contracts

In the Asia Pacific region DOF Subsea has secured several contracts for a four month campaign offshore New Zealand , utilizing the vessel Skandi Constructor Singapore with start-up late December 2012 .

Petrofac awarded UK North Sea contract by Hess

Petrofac has been awarded a contract of an undisclosed value by Hess , a leading independent energy company , for the well-plugging and abandonment of four wells within the Rubie and Renee oilfields in the Central sector of Britain 's North Sea , according to a press report in Emirates News Agency issued yesterday .

Wood providing operations services to Hess in the Gulf of Mexico

Hess Corporation and Wood are committed to a transparent , cooperative partnership based on continuous improvement .

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Sources

1

1

1

10

10

Hess Team

22 Team Members

Hess has 22 team members, including current President, Chief Operating Officer, Greg Hill.

Name

Work History

Title

Status

Greg Hill

President, Chief Operating Officer

Current

Robert E Fast

Chief Technology Officer

Current

Tom Sims

Chesapeake Energy Corporation, Anadarko Petroleum, BP, and ExxonMobil

Chief Product Officer

Current

Josh Pittman

Chief Revenue Officer

Current

Timothy Goodell

Chief Compliance Officer, Executive Vice President

Current

Name

Greg Hill

Robert E Fast

Tom Sims

Josh Pittman

Timothy Goodell

Work History

Chesapeake Energy Corporation, Anadarko Petroleum, BP, and ExxonMobil

Title

President, Chief Operating Officer

Chief Technology Officer

Chief Product Officer

Chief Revenue Officer

Chief Compliance Officer, Executive Vice President

Status

Current

Current

Current

Current

Current

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