The unified arbitration was approved after a March 26 application, according to a Hess letter to stockholders included in a Chevron regulatory filing on Thursday. Exxon and Beijing-based Cnooc, which own 45% and 25% of Stabroek, respectively, argue they have a right of first refusal over Hess’s stake in the block.
Hess, ExxonMobil and CNOOC merge Stabroek arbitration proceedings ogj.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ogj.com Daily Mail and Mail on Sunday newspapers.