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Triton Energy Ltd

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BUSINESS
July 11, 2001 | Reuters
Oil and gas company Amerada Hess Corp. agreed to buy global exploration and production company Triton Energy Ltd. for $2.7 billion in cash, advancing its shift toward the more profitable exploration and production side of the business. With the purchase, Amerada Hess gains a company known for blockbuster oil discoveries. The deal will lift the New York-based company's output to about 535,000 barrels of oil a day next year from 425,000 barrels.
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BUSINESS
July 11, 2001 | Reuters
Oil and gas company Amerada Hess Corp. agreed to buy global exploration and production company Triton Energy Ltd. for $2.7 billion in cash, advancing its shift toward the more profitable exploration and production side of the business. With the purchase, Amerada Hess gains a company known for blockbuster oil discoveries. The deal will lift the New York-based company's output to about 535,000 barrels of oil a day next year from 425,000 barrels.
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BUSINESS
June 2, 1998 | From Bloomberg News
Oil and gas producer Triton Energy Ltd. is considering selling the entire company, people familiar with Triton said Monday. Possible buyers include Unocal Corp. of El Segundo, British Petroleum Co. of Britain and Total of France, all which have operations in some of the same areas as Triton, analysts said. Dallas-based Triton is auctioning properties in the Gulf of Thailand and Colombia.
BUSINESS
October 15, 1999 | GREG HERNANDEZ, TIMES STAFF WRITER
A federal jury has awarded the chief executive of an Irvine-based software company $11 million damages after finding that he and his company had been "maliciously prosecuted" by oil and gas producer Triton Energy Ltd. David A. Hite, chief executive of Veronex Technologies Inc., contended that Triton had sued him maliciously after he had accused the company of improper accounting procedures and complained to federal authorities.
BUSINESS
September 1, 1998 | From Bloomberg News
Hicks, Muse, Tate & Furst Inc. said Monday it has agreed to buy as much as 35% of Triton Energy Ltd., an oil and natural gas explorer that needs an influx of cash to develop foreign projects. The Dallas-based investment group will pay between $165 million and $220 million for the stake. The investment follows Hicks Muse's $250-million purchase of a 62% stake in Fort Worth-based Coho Energy Inc. last week.
BUSINESS
October 15, 1999 | GREG HERNANDEZ, TIMES STAFF WRITER
A federal jury has awarded the chief executive of an Irvine-based software company $11 million damages after finding that he and his company had been "maliciously prosecuted" by oil and gas producer Triton Energy Ltd. David A. Hite, chief executive of Veronex Technologies Inc., contended that Triton had sued him maliciously after he had accused the company of improper accounting procedures and complained to federal authorities.
BUSINESS
July 18, 1998 | From Bloomberg News
Atlantic Richfield Co., the seventh-largest U.S. oil company, said Friday that it will acquire half of Triton Energy Ltd.'s stake in natural gas reserves in the Gulf of Thailand, providing up to $657 million in financing for the project over seven years. Arco will pay Triton $150 million in cash, provide $377 million in financing to develop the gas field known as Block A-18 and make payments totaling $130 million if Triton meets production goals by July 1, 2005.
BUSINESS
February 3, 1999 | From Bloomberg News
Sprint Corp., the No. 3 U.S. long-distance phone company, said Tuesday that fourth-quarter profit per share rose 10%, below estimates, as it spent more on a new network and losses from international operations widened. Profit before a gain rose to $404.6 million, or 79 cents a share, from $356.7 million, or 72 cents, in the year-earlier period. Sprint had been expected to earn 85 cents, the average estimate of analysts surveyed by First Call Corp. Sprint is upgrading its U.S.
WORLD
December 18, 2004 | Ken Silverstein, Times Staff Writer
Six years ago, the president of Equatorial Guinea was invited to invest in a promising venture with one of the U.S. oil giants tapping his tiny nation's reserves. Mobil Oil Corp. offered the West African leader a stake in an oil trading business for $2,300, according to documents the company filed with a Senate subcommittee that were released last month. Now, the company says, that stake is valued at about $645,000. Mobil, now part of Exxon Mobil Corp.
BUSINESS
September 1, 1998 | From Bloomberg News
Hicks, Muse, Tate & Furst Inc. said Monday it has agreed to buy as much as 35% of Triton Energy Ltd., an oil and natural gas explorer that needs an influx of cash to develop foreign projects. The Dallas-based investment group will pay between $165 million and $220 million for the stake. The investment follows Hicks Muse's $250-million purchase of a 62% stake in Fort Worth-based Coho Energy Inc. last week.
BUSINESS
July 18, 1998 | From Bloomberg News
Atlantic Richfield Co., the seventh-largest U.S. oil company, said Friday that it will acquire half of Triton Energy Ltd.'s stake in natural gas reserves in the Gulf of Thailand, providing up to $657 million in financing for the project over seven years. Arco will pay Triton $150 million in cash, provide $377 million in financing to develop the gas field known as Block A-18 and make payments totaling $130 million if Triton meets production goals by July 1, 2005.
BUSINESS
June 2, 1998 | From Bloomberg News
Oil and gas producer Triton Energy Ltd. is considering selling the entire company, people familiar with Triton said Monday. Possible buyers include Unocal Corp. of El Segundo, British Petroleum Co. of Britain and Total of France, all which have operations in some of the same areas as Triton, analysts said. Dallas-based Triton is auctioning properties in the Gulf of Thailand and Colombia.
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