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Americas

Americas Oil and Gas News

A taxi cab drives through a Hess Corp. gas station in Washington, D.C., U.S., on Tuesday, Jan. 24, 2017. Hess Corp. is expected to release earnings figures on January 25. Photographer: Andrew Harrer/Bloomberg
A taxi cab drives through a Hess Corp. gas station in Washington, D.C., U.S., on Tuesday, Jan. 24, 2017. Hess Corp. is expected to release earnings figures on January 25. Photographer: Andrew Harrer/Bloomberg

Hess flags possible delay for Chevron deal as Exxon steps in

Hess Corp. (NYSE:HES) signaled its $53 billion agreement to be bought by Chevron Corp. may be delayed after Exxon Mobil Corp. filed for arbitration over the deal to preserve its rights to a massive oil discovery off Guyana.

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Americas

Diamondback to buy Endeavor for $26bn in oil megadeal

Shares of Diamondback Energy Inc. surged after it announced a $26 billion cash-and-stock deal to acquire fellow Texan oil and gas producer Endeavor Energy Resources LP to create the largest operator focused on the prolific Permian Basin.

LNG

Gas-addicted Europe trades one energy risk for another

Europe, long-reliant on Russian natural gas, has nearly severed its dependency on the Kremlin in less than two years. Its preferred replacement — gas from the US — is widely viewed as abundant, politically palatable and less likely to be choked off than pipelines from Siberia.

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