Category: Hess Corporation
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Ten big consolidation moves across rig, oil & gas, and shipping spheres
Ten big consolidation moves across rig, oil & gas, and shipping spheres As the global consolidation momentum builds against the backdrop of ever-changing and challenging geopolitical conditions and energy realms, many companies engaged in the offshore drilling, subsea, hydrocarbon exploration and production (E&P), and maritime arenas are working to strengthen their place in the offshore…
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As $53 billion Chevron-Hess merger crosses the finish line, oil & gas assets’ fusion comes next
As $53 billion Chevron-Hess merger crosses the finish line, oil & gas assets’ fusion comes next Chevron has cleared all the hurdles in its path to bring Hess Corporation, a fellow oil and gas player, into its fold. As a result, the companies are taking steps to blend their operations, enabling Chevron to expand its oil…
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With final say on arbitration due by August-end, Chevron readying for ‘prompt close’ of Hess merger in 2025
With final say on arbitration due by August-end, Chevron readying for ‘prompt close’ of Hess merger in 2025 Chevron is confident that its rival, Hess Corporation, will emerge as the winner in the ongoing arbitration proceedings the remaining Stabroek block partners launched over the sale of interests in assets off the coast of Guyana. The…
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Chinese giant’s Gulf of Mexico oil & gas assets changing hands with UK firm’s ‘major step’ into US deepwater plays
Chinese giant’s Gulf of Mexico oil & gas assets changing hands with UK firm’s ‘major step’ into US deepwater plays INEOS has embarked on a quest to expand its U.S. Gulf of Mexico footprint by inking a deal with CNOOC to take over its Gulf of Mexico business. The acquisition is seen as the British player’s…