Chevron: CNOOC and ExxonMobil plan to launch an "anti bidding" for the $53 billion Hess acquisition of the Guyana project, but it may fail
小坠泪缆
发表于 2024-2-27 10:25:05
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Chevron: CNOOC and ExxonMobil plan to launch a "anti bidding" bid for the $53 billion acquisition of Hess for the Guyana project, which may be unsuccessful. Chevron stated that the completion of the acquisition of Hess depends on a series of conditions, including regulatory approval and Hess shareholder approval through a merger agreement. According to the statement, Chevron and Hess have had discussions with ExxonMobil and CNOOC regarding the right of first refusal clause in the Guyana Stabroek block joint operation agreement. "If these discussions cannot reach an acceptable solution and arbitration (if conducted) does not confirm that the right of first refusal clause does not apply to the merger transaction, then the transaction conditions under the merger agreement will not be established, and the merger will not be completed.".
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