Chevron-Hess Merger Stalls on Arbitration Issues

The merger between Chevron and Hess Corp. may be delayed until next year because of the arbitration panel set up to rule on a dispute with Hess’s Guyana partner Exxon. Three months after the arbitration case was filed, there is still one more arbitrator who needs to be appointed to the panel for it to be complete, Reuters reported earlier today citing unnamed sources familiar with the situation. The sources said that each side in such a dispute appoints one arbitrator and those two then appoint the third one. It is the third one that has…