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Gold/Mining/Energy : News that catches your eye

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To: chevalier who wrote (13)	5/19/1998 12:40:00 PM
From: Roebear	Read Replies (1) of 148

Amerada Hess and Oryx Energy, Amerada Hess Makes Announcement NEW YORK, May 19 /PRNewswire/ -- Amerada Hess Corporation (NYSE: AHC - news)announced today that the Tower Section of the production facility being installed on the Baldpate Field on Garden Banks Block 260 in the Gulf of Mexico experienced problems after the launch sequence was completed and prematurely submerged in an upright position below the water line. Efforts to correct the situation are underway. The impact on the project schedule cannot currently be quantified. The Tower Section is fully insured. Amerada Hess is the operator of the Baldpate Field with 50% working interest. Oryx Energy Company (NYSE: ORX - news) also has a 50% working interest. SOURCE: Amerada Hess Corporation More Quotes and News: Amerada Hess Corp (NYSE:AHC - news) Oryx Energy Co (NYSE:ORX - news) Related News Categories: oil/energy

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