Guyana, Chevron and Exxon
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Good afternoon and happy Friday, readers! We’ve got some good news for those living in the DMV region. Lower dew points and lower levels of humidity are poised to roll in in the coming days – much needed relief for those of us melting the second we step outside.
Chevron will proceed with its $53 billion acquisition of Hess , after it prevailed in a landmark legal battle against larger rival Exxon Mobil to gain access to the largest oil discovery in decades.
It’s a big win for Chevron. Buying Hess without the Guyana project would have wiped out the biggest upside from the deal.
10hon MSN
Chevron has prevailed against Exxon Mobil in a dispute over Hess Corporation’s offshore oil assets in the South American nation of Guyana.
The ICC ruled in favor of Chevron’s $53 billion acquisition of Hess, granting it a 30% stake in Guyana's Stabroek Block.
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THE recently introduced U.S legislation which aims to strengthen U.S. security cooperation with Guyana and deter Venezuelan aggression against the country has
The discovery of a vast, offshore oil field in 2015 transformed Guyana's sleepy economy into the world's best performer in terms of growth. The transformation has drawn the world's attention, involving the heavy hitters of India, China and the U.S.