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
- New oil blocks are now competing with existing large leases as part of ExxonMobil's exploration campaign in Guyana.
- ExxonMobil and Brookfield Renewable are expanding globally, increasing production in Guyana and Africa, while monitoring Brent crude prices and Middle East volatility.
- Guyana is studying Trinidad and Tobago's oil production history, noting Petrotrin's operational decline.
- Mismanagement of oil wealth and governance failures in Guyana.
- ExxonMobil is seeking to unlock Trinidad’s offshore potential, using Guyana’s successful oil drilling operations as a blueprint.