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Chinese offshore oil and gas major CNOOC , said it had filed an arbitration claim to establish a right over Hess' stake in the giant Guyana oilfield Stabroek in the event of the U.S. firm's sale to Chevron.
Three significant merger deals are providing incentives for investors to monitor companies such as Diamondback Energy (FANG), ExxonMobil (XOM) and Chevron (CVX).
When asked directly, Darren Woods said acquiring Hess is not one of Exxon's objectives in the dispute with Chevron.
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Chevron CEO Michael Wirth is facing a head-to-head match with Exxon Mobil with his $53 billion bid for Hess and its stake in oil hotspot Guyana, and could wind up trapped in a dispute between two of South America's biggest energy rivals.
Exxon filed for arbitration to defend what the oil major views as its right to make a counter offer for Hess' Guyana assets under a joint operating agreement.
As the battle unfolds, Hess (HES) stands to pay a significant break-up fee of $1.7 billion to Chevron if the deal collapses.
U.S. oil producer Hess said on Thursday it was reviewing the timeline for closing its merger with Chevron , after oil major Exxon Mobil signaled a potential counter offer for Hess's Guyana assets.
Exxon Senior Vice President Neil Chapman told a Morgan Stanley conference on Wednesday, that the company has filed arbitration with the International Chamber of Commerce.
Exxon filed for arbitration at the International Chamber of Commerce in Paris Wednesday to adjudicate the dispute with Chevron over Hess' Guyana assets.