Arbitration Between ExxonMobil and Chevron Over Hess Merger to Begin on Monday
Two major American oil companies, ExxonMobil and Hess, will meet in court on Monday to determine whether Chevron’s planned $53 billion acquisition of Hess will go forward. The key issue at the heart of the dispute is rights to oil fields in Guyana, considered among the richest in the world, …
Hess-Chevron Deal May Be Suspended Until 2025
A transaction arbitration panel that could have blocked or green-lit the $53 billion sale of Hess to Chevron has not made a decision three months after ExxonMobil filed a claim for pre-emptive rights to buy Hess’ assets in Guyana as a co-owner of the project. The third and final arbitrator …
Hess Has Decided on a New Field in Guyana
Has Hess decided to wrest Whiptail from Exxon? Hess has received approval for its sixth project in the Stabroek block, Whiptail, offshore Guyana. She enlisted the support of the country’s authorities. Already at the end of 2027, Whiptail’s capacity should increase by 250 thousand b/d. Resources at Whiptail are 850 …
ExxonMobil Has Found Another Offshore Field In Guyana
The company says it has discovered new oil in Guyanese waters. The discovery in question is called Bluefin in the Stabroek block offshore Guyana. This is the company’s first new find in 2024. Stabroek is the main production area of a large field discovered by Exxon off the coast of …