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World news
fromFortune
12 hours ago

Exxon Mobil approves $6.8B oil expansion offshore of Guyana-its first with rival Chevron as new partner | Fortune

Exxon Mobil authorized a $6.8 billion offshore expansion in Guyana, Hammerhead, its seventh project there, expected to produce 150,000 barrels per day in 2029.
fromwww.theguardian.com
5 days ago

Guyana found huge oil reserves 10 years ago, so why are most people still poor?

On 18 July, the International Chamber of Commerce approved the attempt by the US energy multinational Chevron to replace Hess Oil as a stakeholder in one of the world's largest offshore oilfields, Guyana's Stabroek, as part of its $55bn (41bn) acquisition of the smaller company. Yet, as Chevron executives celebrated joining Exxon and China National Offshore Oil Corporation (CNOOC) as in producing Guyana's daily oil output of 650,000 barrels, the response from the Guyanese government, opposition leaders and environmentalists was muted.
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