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(Reuters) - Exxon Mobil(XOM.N), opens new tab CEO Darren Woods on Monday said his company is trying to secure preemption rights over Hess Corp (HES.N), opens new tab's Guyana assets in its dispute with Chevron (CVX.N), opens new tab, not buy the company itself. In his first public remarks on the company's pursuit of an arbitration case that could block... Continue Reading →
(Reuters) 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 on Wednesday filed a contract arbitration claim related to Hess' proposed sale of its Guyana oil properties and suggested it may... Continue Reading →
(Reuters) Exxon Mobil Corp on Wednesday said it filed a contract arbitration claim disputing Hess Corp's proposed sale of its Guyana oil properties, and suggested it may counter Chevron Corp's pending deal for the assets. The arbitration case seeks to preserve Exxon's right to acquire Hess's 30% stake in the giant Stabroek offshore oil block,... Continue Reading →
This free translation may be of interest Article by Paloma Amorin and Thiago Silva partners at Vieira Rezende Advogados (epbr) The development of the offshore wind sector in Brazil requires the consolidation of a robust legal and regulatory framework. Although there has been a framework approved since 2022 (Decree 10,946/2022), several pending regulatory actions remain... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, in continuity with the announcement made on April 26, 2023 and February 6, 2024, informs that the agreement with the National Agency of Petroleum, Natural Gas and Biofuels (ANP) to close the lawsuit involving the recalculation of government participation (royalties and special participation) related to oil production in the Jubarte... Continue Reading →
– Petróleo Brasileiro S.A. – Petrobras, in continuation of the announcements of 02/15/2022, 06/26/2023, 06/28/2023 and 11/13/2023, informs that, on March 1, 2024, the Federal Supreme Court ("STF") closed the trial, held in virtual plenary, of the process in which the Minimum Remuneration by Level and Regime (RMNR) is discussed. The 1st Panel of the... Continue Reading →
(PN) The National Secretary for Energy Transition and Planning of the Ministry of Mines and Energy, Thiago Barral, participated this week in a joint hearing of the Infrastructure Services Commission (CI) and the Senate Environment Commission. At the meeting, he discussed the initiatives of the National Hydrogen Program (PNH2). In his speech, Barral highlighted that... Continue Reading →
ExxonMobil's surprise challenge to Chevron's acquisition of Hess through a dispute over a stake in a major Guyana oil field could prove fruitful for the U.S. oil giant, even if it does not end up enlarging its holdings in the South American country. Exxon said on Monday it may exercise pre-emptive rights that could block Chevron... Continue Reading →
(Reuters) Exxon Mobil Corp said on Monday it may preempt Chevron Corp's acquisition of a 30% stake in a giant Guyana oil block, the centerpiece of its deal for Hess Corp. The companies are in talks on Exxon's claim it has a right to first refusal of any sale of the Stabroek block, a giant field off the coast... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on April 26, 2023, informs that it has signed an agreement with the National Agency of Petroleum, Natural Gas and Biofuels (ANP) to terminate the lawsuit involving the recalculation of government take (royalties and special participation) related to oil production in the Jubarte Field,... Continue Reading →
Brazil Energy Insight 