Exxon, Chevron Now Partners In Guyana
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Chevron will proceed with its $53 billion acquisition of Hess, after it prevailed in a landmark legal battle against larger rival Exxon Mobil to gain access to the largest oil discovery in decades. It
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Chevron struck the deal to acquire Hess in October 2023. Exxon tried to block the move last year, saying it had a right of first refusal to buy Hess’ Guyana assets because of its joint operating agreement with Hess and the China National Offshore Oil Corp., or Cnooc, for the Stabroek Block.
Good afternoon and happy Friday, readers! We’ve got some good news for those living in the DMV region. Lower dew points and lower levels of humidity are poised to roll in in the coming days – much needed relief for those of us melting the second we step outside.
CHEVRON has won a high-stakes arbitration battle against ExxonMobil, clearing the way to finalise its US$53 billion acquisition of Hess Corporation
Chevron has prevailed against Exxon Mobil in a dispute over Hess Corporation’s offshore oil assets in the South American nation of Guyana.
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Chevron has a clear way for the major oil company to complete its $53 billion acquisition of Hess Corporation’s offshore assets in Guyana.
The ICC ruled in favor of Chevron’s $53 billion acquisition of Hess, granting it a 30% stake in Guyana's Stabroek Block.
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The decision allowed Chevron to complete its $53-billion acquisition of Hess. The parties had referred their Stabroek standoff to the International Chamber of Commerce in
THE recently introduced U.S legislation which aims to strengthen U.S. security cooperation with Guyana and deter Venezuelan aggression against the country has