Arbitration Claim Filed by Cnooc Against Hess Over Guyana Oil Block Ownership

Friday, 22 March 2024, 13:10
China's Cnooc has taken legal action by filing an arbitration claim against Hess regarding ownership of a critical oil block in Guyana. The dispute has emerged amidst Hess' potential sale of its stake to Chevron, echoing a similar move by Exxon Mobil.
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Arbitration Claim Filed by Cnooc Against Hess Over Guyana Oil Block Ownership

Dispute over Ownership

China's Cnooc has filed an arbitration claim against Hess, intensifying the conflict over ownership of an oil block in Guyana. Hess's stake is under scrutiny amidst the potential sale to Chevron, with Exxon Mobil making a similar legal move.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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