Exxon, CNOOC consider exercising right to buy Hess’ Guyana assets
This move could disrupt Chevron's plans to buy stake in the Stabroek block through the $53bn acquisition of Hess.
27 February 2024
27 February 2024
This move could disrupt Chevron's plans to buy stake in the Stabroek block through the $53bn acquisition of Hess.
The decline is attributed to lower commodity prices, and was partially offset by an increase in sales volumes.
The project will have the capacity to store up to 1.7 million tonnes of CO₂ annually in depleted natural gas reservoirs.
Edison is considering divesting these gas storage assets, valued at more than $541.8m (€498.97m), due to limited expansion opportunities.
The US Securities and Exchange Commission (SEC) charged Tyler Loudon for making illegal profits of $1.76m ahead of an announcement of bp acquiring a US travel centre operator last year.
The move is part of Germany's strategy to enhance its energy security amidst the ongoing European energy crisis.
This strategic move is expected to boost Qatar's liquefied natural gas (LNG) production capacity to 142 million tonnes per annum (mtpa) by 2030.
This discovery elevates the total resources at the field to 229 trillion standard cubic feet of gas and 75 billion barrels of condensate.
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