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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....
...Chevron has warned that its $53bn acquisition of Hess could be thwarted by rival oil groups ExxonMobil and China National Offshore Oil Corporation, which are asserting their right to pre-empt its purchase...
...Chevron has warned that its planned $53bn acquisition of Hess could be thwarted by rivals ExxonMobil and China National Offshore Oil Corporation, which are asserting their right to pre-empt its purchase...
...Exxon holds a 45 per cent stake in the Stabroek Block; the China National Offshore Oil Corporation owns 25 per cent; and Hess holds the remaining 30 per cent, which would transfer to Chevron if the deal...
...agreement to buy the oil producer for $53bn could be disrupted by ExxonMobil and the China National Offshore Oil Corporation Shares of Constellation Energy jumped more than 16 per cent to a record high...
...The rivalry between ExxonMobil and Chevron has plumbed a new depth. On Monday, securities filings revealed a hang-up in Chevron’s $60bn stock deal to acquire smaller rival Hess Corporation....
...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....
...Chevron has agreed to buy US oil and gas producer Hess Corporation in a deal valuing Hess’s equity at $53bn in the latest consolidation in the US energy sector....
...On Monday Chevron said it would acquire Hess Corporation, the listed oil and gas driller, at an enterprise value of $60bn....
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...In securities filings this week, US oil company Chevron disclosed a potential hang-up for its pending $53bn all-stock acquisition of smaller rival, Hess Corporation....
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