Page 22 - Stabroek News Today

Latest Virgin Islands (BVI) News on local community, politics, finance/business, culture and sports.

Exxon has “strong feelings” that it is right in its view of the right-of-first-refusal provision in its spat over oil assets in Guyana, Exxon Senior Vice President Jack Williams told Bloomberg on Friday

Chevron has purchased Hess at a discount when compared to its own financial and operating performance. Would it also be a good deal for ExxonMobil and CNOOC?

Chevron and Hess are engaged in constructive discussions with ExxonMobil and CNOOC regarding the applicability of a right of first refusal.

Chevron warned Monday that its pending $53 billion acquisition of Hess may be in jeopardy because it will require the approval of Exxon Mobil and a Chinese national oil company, which both hold rights to development of an oilfield off the coast of the South American nation Guyana.

The latest oil and gas news, dedicated to all things oil and gas: people, technologies, transactions, trends, and macro-economic analysis that impact commodity prices.

Guyana's economic development is at risk due to Venezuela's interference with its oil exploration and discoveries.

Its rare for disputes between any of the worlds supermajor oil companies to spill out in public.

The acquisition of Hess would add a major oil field in Guyana, but it will require the approval of Exxon Mobil and a Chinese national oil company

Chevron warned Monday that its pending $53 billion acquisition of Hess, another oil and gas company, may be in jeopardy because it will require the approval of Exxon Mobil and a Chinese national oil company, which both hold rights to development of an oil field off the coast of the South American nation Guyana. The disclosure in a regulatory filing raised investor qualms over the acquisition, causing shares of both Chevron and Hess to drop. Chevron shares fell 3% before rebounding; Hess shares l...