Latest news with #Hess
Reuters
5 hours ago
- Business
- Reuters
Exxon-led consortium's profit in Guyana rose to $10.4 bln in 2024
GEORGETOWN, June 3 (Reuters) - The profit of a consortium by oil producers Exxon Mobil (XOM.N), opens new tab, Hess (HES.N), opens new tab and CNOOC ( opens new tab in Guyana increased 64% last year to $10.4 billion, Exxon said on Tuesday. The group's expenses in the South American country rose to $4.9 billion in 2024 from $3.5 billion the previous year, the U.S. company added.
Fox Sports
2 days ago
- Sport
- Fox Sports
Kyle Hess drives in four, including game-winner, and Creighton tops North Dakota State 11-10
Associated Press FAYETTEVILLE, Ark. (AP) — Kyle Hess delivered a walk-off single for his fourth RBI of the game and Creighton defeated North Dakota State 11-10 on Sunday to reach the championship round of the Fayetteville Regional. Creighton advanced to a showdown against regional host Arkansas later in the day. The Bluejays need to beat the Razorbacks Sunday night and again on Monday to win the regional and move on to the super regionals next weekend. Arkansas needs one win to advance. Hess hit a three-run home run in Creighton's five-run third inning that gave the Bluejays an 8-3 lead before North Dakota State rallied behind Dante Smith and Davis Hamilton. Hess's home run followed a two-run single by Dakota Duffalo. Creighton added two runs in the fourth inning on solo home runs by Nolan Sailors and Teddy Deters. The Bluejays did not score again until the ninth. Trailing 10-3 in the top of the sixth, North Dakota State rallied with an RBI single by Smith and a three-run home run by Hamilton. Smith and Hamilton came through again in the eighth when Smith's double to right scored two runs and Smith drove him in with a single to tie the game. Garrett Langrell (7-1) struck out the side in the ninth inning and got the win for Creighton. Danny Lachenmayer (2-4) allowed the winning single by Hess. ___ AP college sports:
Winnipeg Free Press
2 days ago
- Sport
- Winnipeg Free Press
Kyle Hess drives in four, including game-winner, and Creighton tops North Dakota State 11-10
FAYETTEVILLE, Ark. (AP) — Kyle Hess delivered a walk-off single for his fourth RBI of the game and Creighton defeated North Dakota State 11-10 on Sunday to reach the championship round of the Fayetteville Regional. Creighton advanced to a showdown against regional host Arkansas later in the day. The Bluejays need to beat the Razorbacks Sunday night and again on Monday to win the regional and move on to the super regionals next weekend. Arkansas needs one win to advance. Hess hit a three-run home run in Creighton's five-run third inning that gave the Bluejays an 8-3 lead before North Dakota State rallied behind Dante Smith and Davis Hamilton. Hess's home run followed a two-run single by Dakota Duffalo. Creighton added two runs in the fourth inning on solo home runs by Nolan Sailors and Teddy Deters. The Bluejays did not score again until the ninth. Trailing 10-3 in the top of the sixth, North Dakota State rallied with an RBI single by Smith and a three-run home run by Hamilton. Smith and Hamilton came through again in the eighth when Smith's double to right scored two runs and Smith drove him in with a single to tie the game. Garrett Langrell (7-1) struck out the side in the ninth inning and got the win for Creighton. Danny Lachenmayer (2-4) allowed the winning single by Hess. ___ AP college sports:
Yahoo
4 days ago
- Business
- Yahoo
Lombardo's housing attainability plan shrinks, now expected to help 5,000 households
LAS VEGAS (KLAS) — A scaled-back version of Gov. Joe Lombardo's Nevada Housing Access and Attainability Act will help fewer people, according to state officials. The ambitious plan to use state funds to encourage housing construction and other help for Nevadans who need affordable housing solutions has shrunk. When Lombardo presented the plan in April, it was described as a $250 million plan that would provide homes for 16,000 households. Pressure on state budgets has forced adjustments as spending plans move through the Nevada Legislature. Funding for the affordable housing plan is now set at $133 million, and it's expected to reach about 5,000 households, according to Christine Hess, chief financial officer for the Nevada Housing Division. The lower spending levels didn't seem to dampen support for affordable housing. Kathi Thomas, chief housing officer of the Southern Nevada Regional Housing Authority, called in to support Lombardo's plan. 'We are in the midst of a housing crisis, and we understand that this legislative body has a number of competing priorities and challenges with the budget. But we are all committed to building a strong economy, and there is no economic model that does not have housing at its core,' Thomas said. Hess outlined the new spending levels during a Friday hearing before the Senate Government Affairs Committee. The $133 million will fund programs in three ways: $83 million to support the development of attainable housing to serve those at or below 150% of area median income. The help will come in the form of loans, grants or rebates. This category will also support the development of low-income tax credit properties and land acquisition for attainable housing. $25 million for home ownership opportunities in the form of down payment assistance and interest rate buydowns. $25 million for incentives to develop attainable housing, expected to be in the form of matching grants Hess said previous plans to fund supportive housing development, rental assistance and eviction diversion programs will not be implemented initially as Assembly Bill 540 — the Nevada Housing Access and Attainability Act — ramps up. Those will still be eligible uses, but are not expected to be funded initially because they are available elsewhere. The bill didn't receive an immediate vote after it was heard Friday. 'This is not a fund for 3,000-square-foot homes. This is a fund to really catalyze and get the housing built,' Hess said. 'More housing to have people that are living in RV parks not have to live in RV parks.' Democratic Sen. Edgar Flores said he was concerned that the plan didn't specify goals to help people buy a starter home. He said that's the problem that's happening right now. Ryan Cherry, chief of staff for Lombardo, said that was discussed but not written into the language of the housing act because goals will change over time. He said the governor wants the agency to have the ability to adjust its goals to meet current needs. 'For-sale homes was really the impetus of this initiative,' Hess said. She said that will influence the amount of funding that goes toward helping families who can't qualify. The initial plan included $50 million for home ownership initiatives. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
4 days ago
- Business
- Yahoo
Chevron to implement around 800 job cuts in Texas
Chevron has announced it will lay off nearly 800 employees in Midland County, Texas, US, as part of a broader plan to reduce its global workforce by up to 20% by the end of 2026. The job cuts, slated for 15 July, are said to be a response to the need for cost-cutting and business simplification. The lay-offs in Texas, where Chevron holds significant operations in the Permian Basin, the leading US oilfield, underscore the company's strategic adjustments amid challenging industry conditions. In February, Chevron disclosed its workforce reduction plans, which have since become more pressing due to recent operational setbacks. The revocation of Chevron's licence in Venezuela and the uncertain future of its $53bn acquisition of Hess due to an arbitration dispute have added to the company's pressures. Chevron had also previously announced the lay-off of at least 600 employees in California, effective 1 June, as reported in a March filing. Despite these challenges, Chevron remains proactive in seeking new opportunities. This month, the company expressed its intent to explore and develop significant oil and gas assets in Indonesia, targeting blocks with potential reserves of around 15 trillion cubic feet (tcf) of gas. Djoko Siswanto, the chairman of Indonesia's upstream oil and gas regulator, SKK Migas, confirmed Chevron's interest. However, Chevron, along with other multinational oil and gas companies, recently exited its Red Sea oil and gas concession blocks in Egypt after failing to locate any discoveries. The Egyptian Petroleum Ministry has stated that these companies are reallocating their resources to other areas within Egypt, particularly the Mediterranean. Chevron was awarded its first oil and gas exploration concessions in the Red Sea alongside Shell and Mubadala Investment Company in 2019. "Chevron to implement around 800 job cuts in Texas" was originally created and published by Offshore Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
