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...But the only taker for Guyana’s credits so far has been US oil and gas producer Hess Corporation, which owns 30 per cent of the Stabroek oil block off Guyana’s coast, and was bought by Chevron last year....
...The rest of Lima’s electricity supply was sold to another Chinese company, Three Gorges Corporation, in 2020. Three Gorges also owns Chaglla, one of Peru’s biggest hydroelectric dams....
...On Monday, securities filings revealed a hang-up in Chevron’s $60bn stock deal to acquire smaller rival Hess Corporation....
...Further up the coast from Kampot, the new canal would allow easy access to and from the Sihanoukville Special Economic Zone, a recipient of significant Chinese Belt and Road Initiative investment, and the...
...In 2009, huge volumes of oil spilled into the Timor Sea from a well off the coast of Western Australia....
...Business is business,” the Exxon chief executive told the Financial Times on the sidelines of the CERAWeek energy conference in Houston on Monday....
...Okray served as the CFO of Eaton Corporation and succeeds Anastasiya Pasterick, who left the role after six months....
...It also partnered with Shell and China National Offshore Oil Corporation to secure exploration blocks in Brazil in December....
...The China National Offshore Oil Corporation owns 25 per cent, while Hess holds the remaining 30 per cent that would transfer to Chevron if the deal closes....
...“The government decided and the company decided to let cost-plus contracts where 99 per cent of the financial risk is with the government....
...More energy industry news: Chevron has warned that its planned $53bn acquisition of Hess could be thwarted by rivals ExxonMobil and China National Offshore Oil Corporation....
...Martin Gruenberg, chair of the Federal Deposit Insurance Corporation, warned of “significant downside risks to the banking industry”....
...Sanjeev Gupta, executive director for financial services at the Africa Finance Corporation, a pan-African infrastructure bank based in Nigeria, reckons the Gulf city Dubai may be Casablanca’s most formidable...
...“To date those search efforts have not yielded any results,” Captain Jamie Frederick of the US Coast Guard said on Tuesday afternoon....
...In the second quarter, net interest margins rose at most big US banks, as shown in the chart below from the Federal Deposit Insurance Corporation....
...“It’s sweet, I have to tell you,” John Hess told the Financial Times of the deal, which he called “the right long-term decision for our shareholders”....
...In companies news, earnings season kicks off with Wall Street banks and some other US financial heavyweights the headline act this week....
...The São Paulo-headquartered corporation has already paid out R$3.8bn in compensation, financial aid and relocation support under a redress scheme....
...Brussels would like the EU to become a big solar production hub once more, but financial and practical obstacles stand in its way....
...The deal signals that the country’s cash-rich corporations are resuming their role as some of the world’s hungriest strategic buyers....
...First Citizens had acquired SVB just two weeks earlier from the US Federal Deposit Insurance Corporation....
...It also entered into a loss-sharing agreement with the Federal Deposit Insurance Corporation for commercial loans made by SVB....
...She wrote post-Brexit responses on behalf of lobby group TheCityUK and governing authority the City of London Corporation....
...UBS has warned it will cut nearly 150 dealmakers at Credit Suisse’s post-Brexit hub in Madrid, Financial News reports....
...The $150bn lending book that it is acquiring is filled with low-interest loans to wealthy Americans on each of the coasts....
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