Page 17 - Cnooc News Today

By Chris Wack ExxonMobil and Hess said they are moving forward with the Whiptail development offshore Guyana after receiving the required government and regulatory approvals. Whiptail, the...

Exxon, Hess make final investment decision for Whiptail project in Guyana, set to add 250,000 barrels of daily capacity by 2027.

Exxon Mobil’s sixth development in the Stabroek Block will add 250,000 bbl/d capacity when it starts production in 2027.

Exxon and CNOOC filed cases before the International Chamber of Commerce last month, seeking to claim a right to a first refusal over any sale of Hess’s 30% stake in the giant Stabroek offshore oil block

ExxonMobil has made a final investment decision to proceed with the Whiptail development offshore Guyana.

Chevron’s acquisition of Guyana superstar Hess could be delayed until next year thanks to Exxon Mobil’s arbitration case

Tibet post International

The Hong Kong stock market has tracked higher in three straight sessions, advancing more than 400 points or 2.4 percent along the way. The Hang Seng Index now sits just beneath the 17,140-point plateau although investors figure to cash in on Thursday.

Asian equities were mixed overnight following a rough day in US stocks, which fell due to hot US inflation, providing further reinforcement to the higher-for-longer narrative.

Analyst remains optimistic that Chevron will prevail in the arbitration against Exxon Mobil and CNOOC in Guyana.