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No one knows what the 14 blocks located miles off Guyana’s coast contain, but ExxonMobil has successfully drilled more than 30 wells near them in waters off a country now considered one of the ...
Since the onset of production, Guyana has experienced a rapid increase in oil output, with production levels reaching approximately 645,000 barrels per day by 2024. This significant growth has not only transformed the nation's economic landscape but has also positioned it as the third-largest non- OPEC oil supplier globally.
By 2023, BBC News reported that Guyana had discovered 11 billion barrels worth of oil reserves. Guyanese Natural Resources Minister Rafael Trotman admitted that ExxonMobil had financially backed Guyana for legal disputes, [34] in addition to a "non-disclosed signing bonus" paid by ExxonMobil according to then president David Granger.
GEORGETOWN, Guyana (AP) — American oil giant ExxonMobil said Friday it had appealed a recent Guyanese court ruling requiring it to obtain insurance for “unlimited liability” in the event of ...
With 215,000 square kilometres (83,000 sq mi), Guyana is the fourth-smallest country on mainland South America after Uruguay, Suriname and French Guiana. The main economic activities in Guyana are agriculture (production of rice and Demerara sugar ), bauxite mining, gold mining, timber, shrimp fishing and minerals.
Over that decade, Exxon Mobil reported total profits of $204.3 billion. In other words, processing those 140 proposals — using the SEC's highest estimate to arrive at $21 million — cost Exxon ...
ExxonMobil said it plans to explore for oil and gas in a disputed area off South America’s coast where the Venezuelan military had previously expelled two U.S. oil companies. The move could ...
Brigadier. Commands. Chief of Defence Staff (2013–2016) Mark Anthony Phillips (born 5 October 1961 [1]) is a Guyanese politician and retired military officer who is the prime minister of Guyana and first vice president under President Irfaan Ali since August 2020. He served as the chief of staff of the Guyana Defence Force from 2013 to 2016. [2]