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...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 has begun an arbitration process against Chevron over the latter’s $53bn deal for Hess, arguing it has the right of first refusal over Hess’s stake in the oil-rich Stabroek Block off the coast of Guyana...
...Access to some of Guyana’s 11bn barrels of offshore oil was a key rationale for Chevron’s acquisition of Hess announced last year....
...This article has been amended to correct the Virgin Islands location where Hess built a refinery....
...It is expected to generate 110,000 barrels of oil per day for Hess and has 11bn barrels of recoverable deposits overall. The project is already enriching impoverished Guyana....
...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....
...Mikells reiterated Exxon’s belief that it had a pre-emption right to Hess’s Guyana asset....
...Chevron is hoping it has struck an equally shrewd deal with the Hess family. On Monday Chevron said it would acquire Hess Corporation, the listed oil and gas driller, at an enterprise value of $60bn....
...The Hess acquisition will increase Chevron’s oil and gas output by more than 10 per cent....
...Chevron on Monday announced its biggest ever acquisition: a $53bn deal for US operator Hess, giving it a foothold in oil production off the coast of Guyana, the industry’s most significant discovery in the...
...In October two US oil and gas giants announced massive deals: Chevron bought Hess, and ExxonMobil acquired Pioneer Natural Resources....
...Two mammoth oil and gas deals, Exxon buying Pioneer for $60bn then Chevron buying Hess for $53bn, have ignited the deals market and set off another round of soul-searching about who is doing what in the...
...Days later, Chevron struck a deal to purchase Hess at an EV of $60bn. Both of deals are all-share transactions. This allows Exxon and Chevron to eschew pricey debt. That will not be the case for Oxy....
...ExxonMobil in October announced a $60bn deal to buy Pioneer Natural Resources, the largest oil producer in Texas. Shortly afterwards, Chevron unveiled a $53bn acquisition of US oil company Hess....
...Exxon is buying Pioneer Natural Resources, the biggest producer in the Permian, for $60bn, while Chevron is paying $53bn for Hess, giving it access to the Guyana discovery as well as assets in the Bakken...
...Unless you have a yacht and a lot of time, or your own plane, the only way to the Cocos (Keeling) Islands is a twice-weekly Virgin flight out of Perth in Western Australia....
...acquisition of Pioneer Natural Resources by ExxonMobil and Chevron’s planned takeover of Hess....
...Questions have also been raised about Chevron’s planned $53bn acquisition of Hess — its biggest ever — bringing with it a stake in the biggest oil discovery in recent years off the coast of Guyana....
...Santos completed a A$21bn deal for rival Oil Search last year but a multibillion-dollar offshore drilling project was derailed by a court challenge from the indigenous population of the remote Tiwi Islands...
...This year, ExxonMobil announced a $60bn deal to buy shale driller Pioneer Natural Resources, a move that was followed swiftly by Chevron taking over Hess for $53bn....
...Chevron’s deal to buy Hess last week for $53bn gives the US supermajor access to one of the hottest prospects in the global resources industry: Guyana’s 11bn barrels of offshore oil....
...Its purchase of Hess will give it access to the biggest oil discovery in a decade off the coast of Guyana, where it will be working alongside Exxon, which operates the project known as the Stabroek block...
...ExxonMobil announced a $60bn deal to buy leading shale driller Pioneer Natural Resources in mid-October, followed swiftly by Chevron unveiling a $53bn deal for Hess....
...Like Exxon, it was bulking up in fossil fuels even before the Hess acquisition, announcing a $6.3bn deal in May for oil and gas producer PDC Energy....
...The bribes were routed through US banks by shell companies in Panama and the British Virgin Islands, they added, detailing one instance in which a Gunvor employee also directed an intermediary to use the...
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