CVX nears a decisive moment as arbitrators take final decision on its $53 billion Hess deal and entry into Guyana's top-tier ...

Chevron is pushing ahead with its $53 billion acquisition of Hess, preparing for integration and layoffs while awaiting an ...

By bne IntelliNews The arbitrators in a legal dispute between ExxonMobil and Hess have reportedly reached a decision. Citing ...

Today’s column addresses the audited financial statements of CNOOC Petroleum Guyana Limited, the third-ranking partner with a 25% interest in the Stabroek Block operating under the 2016 ...

Chinese offshore oil and gas major CNOOC , said it had filed an arbitration claim to establish a right over Hess' stake in the giant Guyana oilfield Stabroek in the event of the U.S. firm's sale ...

Exxon Mobil Corp. and Cnooc Ltd. merged arbitration claims against Chevron Corp.’s proposed takeover of Hess Corp. that would allow the US oil supermajor to enter Guyana’s Stabroek Block.

Guyana accounted for $4.7 bln of Exxon's total 2024 earnings of $33.5 bln; Profit up at $3.1 bln for Hess, $2.5 bln for CNOOC in Guyana; Consortium reached gross oil output of 652,000 bpd in Q4 ...

CNOOC Petroleum Guyana Limited, a wholly owned subsidiary of CNOOC Limited, holds 25% interest in the Stabroek Block. It was constructed in China and Singapore, and arrived in Guyana in April 2023.

Exxon Mobil (NYSE:XOM) said Tuesday its oil-producing consortium in Guyana with partners Hess (HES) and CNOOC (OTCPK:CEOHF) posted a 64% surge in FY 2024 profit to $10.4B. Guyana accounted for $4 ...

Chevron warned investors that Exxon and Cnooc are claiming a right to purchase Hess’s stake in Guyana’s offshore oil assets under a joint operating agreement.

In August 2024, Guyana’s Minister of Natural Resources, Vickram Bharrat, announced that the country’s oil reserves had grown by 600 million barrels to 11.6 billion barrels.

Hess has a 30% stake in a consortium with Exxon and CNOOC to develop Guyana's Stabroek oil block, which is estimated to contain more than 11 billion barrels of oil equivalent. Exxon has a 45% ...