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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.
Production at the $12.7-billion Whiptail project in the 6.6-million-acre Stabroek block is expected to begin in 2027
The arbitration case between Exxon Mobil Corp. and Chevron Corp. over a large oil project in Guyana will likely drag out at least through the end of this year, according to a regulatory filing Friday.
Chevron’s acquisition of Guyana superstar Hess could be delayed until next year thanks to Exxon Mobil’s arbitration case