Exxon, Chevron Now Partners In Guyana
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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 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.
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.
The ICC ruled in favor of Chevron’s $53 billion acquisition of Hess, granting it a 30% stake in Guyana's Stabroek Block.
THE recently introduced U.S legislation which aims to strengthen U.S. security cooperation with Guyana and deter Venezuelan aggression against the country has
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The discovery of a vast, offshore oil field in 2015 transformed Guyana's sleepy economy into the world's best performer in terms of growth. The transformation has drawn the world's attention, involving the heavy hitters of India, China and the U.S.