Exxon-Hess Arbitration Case Close to End

Hess Corporation: Advantage To Exxon Mobil

Exxon-Hess Arbitration Case Close to End

The arbitrators for a dispute between Exxon and Hess Corp. have reached a decision, according to two unnamed sources who spoke to Reuters but did not divulge details about that decision. It remains unclear when the decision will be made public. The dispute between the two concerns the latter’s stake in the Stabroek Block in Guyana, which has yielded a string of oil discoveries since the start of exploration, giving Exxon and Hess—along with thei…

Hess CEO rallies support as $53 billion Chevron deal approaches investor vote amid ExxonMobil arbitration

The Hess Corp. chief executive officer is telling investors he got the best deal possible, and that Chevron could walk away if the merger doesn’t get voted through at a May 28 shareholder meeting, according to the people, who asked not to be identified because the discussions are private.

ExxonMobil Guyana relinquishes 20% of Stabroek Block

The Ministry of Natural Resources announced on Wednesday that ExxonMobil Guyana Limited (EMGL) has officially relinquished 20 per cent of the Stabroek Block. ‘Relinquishment,’ outlined in the 2016 Production Sharing Agreement (PSA), refers to the giving up of sections of a block by a contractor after a stipulated amount of time has elapsed and no commercial discoveries have been made. The 20% or 2,534 km² that is being relinquished excludes any …

Arbitrators in Exxon, Hess dispute over Chevron deal have reached a decision, sources say

HOUSTON,  (Reuters) – The arbitrators in a legal dispute between Exxon Mobil (XOM.N), The article Arbitrators in Exxon, Hess dispute over Chevron deal have reached a decision, sources say appeared first on Stabroek News.

Arbitrators reach verdict on Exxon and Chevron dispute over Hess acquisition

Arbitrators have made a decision in the legal dispute between Exxon and Hess concerning a major oilfield project in Guyana.