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...“We’ve tried very hard over the past few years to re-engineer some of those processes and policies,” said Russell Hardy, chief executive officer of Vitol, the world’s largest independent oil trader....
...In early February, a major oil slick appeared about 60km off the coast of Bintan, a northern Indonesia island near Singapore and popular with western and Asian tourists....
...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....
...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...
...Both companies hold stakes in the oil rich project off the coast of the South American nation, which has been the focal point of the deal....
...Both companies hold stakes in the oil-rich project off the coast of the South American nation, which has been the focal point of the deal....
...It also partnered with Shell and China National Offshore Oil Corporation to secure exploration blocks in Brazil in December....
...An Exxon-led consortium discovered the Stabroek Block in 2015, catapulting the South American country into the ranks of significant oil producers....
...The South Korean government is keen to replicate Japan’s success in raising stock valuations....
...It has escalated its claims since US energy group ExxonMobil made large oil discoveries off the region’s coast in 2015. The finds in the offshore Stabroek block are transforming Guyana’s economy....
...On Monday, securities filings revealed a hang-up in Chevron’s $60bn stock deal to acquire smaller rival Hess Corporation....
...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...
...in the disputed South China Sea....
...Shell, TotalEnergies and Portugal’s Galp have made a series of discoveries of oil (and some gas) off the coast of the south-west African country in the past two years....
...The refinery in Mossel Bay on South Africa’s south coast has been out of commission since 2020 over a lack of gas supply....
...In 2006 Dauphin spent five months in prison in Ivory Coast, after a local company dumped toxic waste from a Trafigura-chartered vessel in the country’s largest city, Abidjan....
...The arrests come at a sensitive time for Maduro, who is running for re-election in July this year....
...Separately, Shell is suing Greenpeace for targeting its oil and gas assets, in what Greenpeace says is “one of the biggest legal threats” it has faced....
...We’re also reading . . ....
...and Bridge Corporation, is not yet complete....
...But with temperatures along the Mediterranean coast regularly hitting the high forties, there are early signs that Spanish tourism’s traditional north-south divide may be about to swivel on its axis....
...We’re getting a window into New Yorkers’ unvarnished views of Trump as jury selection in his “hush money” case continues....
...One video showed flames and a huge plume of black smoke rising from the Ryazan oil refinery south-east of Moscow....
...Exxon owns a 45 per cent stake in the Starboek oil block off Guyana’s coast and Hess owns 30 per cent....
...of Guyana in South America....
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