The US Federal Trade Commission is expected to greenlight Chevron’s purchase of Hess Corporation as soon as this week, according to a report from Reuters, leaving ExxonMobil’s challenge to the $53 billion (€48 billion) deal as its final hurdle. The proposed merger was first announced last October, and the FTC sent a second information request to Chevron two months later. Exxon and CNOOC, Hess’s partners in a Guyana joint venture, are challenging the deal by claiming a right of first refusal to any sale of Hess’s Guyana assets. A three-judge arbitration panel is due to consider the case in May 2025.
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EET Hydrogen & ENKA Commence Ground Investigation Work
EET Hydrogen and ENKA İnşaat ve Sanayi A.Ş. have officially commenced ground investigation works at the Stanlow Manufacturing Complex in Ellesmere Port — the home of the UK’s first large-scale
July 4, 2025
