This is likely to be a long legal battle over a valuable oil reserve, which is what every oil company wants. The fight ...

Exxon Mobil, Hess, and CNOOC, a trio of oil producers in Guyana, posted a 64% increase in profit in 2024 to $10.4 billion. This ...

In August 2024, Guyana’s Minister of Natural Resources, Vickram Bharrat, announced that the country’s oil reserves had grown by 600 million barrels to 11.6 billion barrels. This occurred ...

This declining reserve has raised concerns among analysts, making Hess’ Guyana assets crucial to Chevron’s prospects. An Insight Into CVX’s Dwindling Oil and Gas Reserves In the last few ...

With the Stabroek block widely regarded as the most significant oil discovery of the past decade, Guyana has surpassed all ...

long dependent on its own oil reserves, and is on track to become the world’s highest per capita oil producer. Venezuela says Guyana does not have the right to grant concessions for drilling in ...

Its objections have intensified since ExxonMobil discovered massive reserves of oil in the ocean floor ... Maduro presented a map that showed Guyana’s 61,000-square-mile Esequibo region as ...

Venezuela's new map that includes the Essequibo ... Guyana and taking ownership of its booming oil and natural gas reserves. Answering an appeal by Guyana President Irfaan Ali, the International ...

What's a little oil between neighbors? Venezuela-Guyana tensions flare. But, the maps. In the years since ExxonMobil discovered massive reserves of oil in the ocean floor off the territory in 2015 ...

Although much of Guyana’s and Suriname’s oil reserves have been found only within the past 10 years, early onshore exploration in the 1800s and 1900s found “oil seeps” – naturally ...