Exxon Mobil Corp ( XOM.N ) said on Wednesday its oil drilling and development activities offshore Guyana were unaffected by a weekend incident in which Venezuela’s navy stopped two exploration Continue Reading
Ten offshore oil discoveries since 2015 by an Exxon-led consortium, accounting for 5 billion barrels of crude, have turned Guyana, one of South America’s poorest nations, into one of the Continue Reading
Venezuela’s navy “intercepted” a ship exploring for oil on behalf of Exxon Mobil Corp ( XOM.N ) in Guyanese waters over the weekend, Guyana’s foreign ministry said in a statement Continue Reading
Owned by Norway’s Petroleum Geo-Services and bearing a Bahamian flag, the seismic-survey vessel was stopped by a Venezuelan Navy ship Saturday morning in Guyanese waters, about 90 miles from a Continue Reading
Total S.A. said Monday it dispatched a ship to begin drilling off French Guyana’s coast, and assured it won’t damage coral reefs in the area. The move comes just days Continue Reading
With population of fewer than 750,000 people, Guyana —a neighbor of Venezuela—has always depended on commodities. Sugar, gold, shrimp, timber, bauxite, and rice account for nearly 60 percent of this Continue Reading
. Gross discovered recoverable resources for Hess’s Stabroek Block has been revised upward to 4 million barrels of oil equivalent—up from the previous estimate of 3.2 billion barrels. “The Stabroek Continue Reading
A contract for a floating production vessel offshore Guyana marks the start of the second phase of development of the giant Liza oil field, SBM Offshore said. The offshore services Continue Reading
With trends on par with the Permian shale basin in the United States, Guyana is big enough to be transformative even for the supermajors, analysis found. Exxon Mobil Corp. and Continue Reading
The International Monetary Fund (IMF) is calling on the authorities of Guyana to revamp their tax laws for future oil contracts to protect themselves from unbalanced exploitation after massive Exxon Continue Reading
