Oil discoveries in Guyana are being hampered by issues with the existing contract terms.
1 report, 1 independent
Updated Aug 1
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What happened
Oil discoveries in Guyana are being hampered by issues with the existing contract terms.
Who's involved
What this event is mainly aboutKeep exploring
Part of
ExxonMobil made over 35 oil discoveries in Guyana, making it a major producer, while Middle East tensions persist over the Strait of Hormuz.Also in this story
- Occidental's performance is tied to Brent price, and Exxon Mobil holds advantaged assets in Guyana.
- US strikes against Iran caused Brent oil prices to fall, amidst ongoing geopolitical tensions in the Strait of Hormuz.
The entities involved
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Guyana
country in South America
Related events
- ExxonMobil and Brookfield Renewable are expanding globally, increasing production in Guyana and Africa, while monitoring Brent crude prices and Middle East volatility.
- Exxon leads a consortium with CNOOC to begin oil production in Guyana.
- ExxonMobil boosted production from its deepwater fields in Guyana.
- Guyana and ExxonMobil report production milestones, alongside military cooperation talks with Brazil.
- ExxonMobil is drilling exploration wells in Guyana's Stabroek Block, while Guyana's maritime body issues instructions to mariners.