The outcome could potentially reshape the landscape of oil production in Guyana and have ripple effects throughout the global energy sector.
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Chevron shareholders reaffirm board amid Hess buyout
by Biplab Dasby Biplab DasChevron’s proposed buyout of Hess Corp., a significant oil producer, is currently under review by the U.S. Federal Trade Commission (FTC).
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CNOOC, another partner in the joint venture, owns a 25% stake.
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The three suits aims to slow down or block the USD 53 billion deal which is set for a vote by shareholders on May 28.