Exxon to Continue Search for Guyana Oil Despite Venezuela’s Disputes
Sunday, 28th June 2015
Exxon Mobil Corporation (NYSE:XOM) recently discovered oil off Guyana’s coast but the country is involved in a land dispute with Venezuela, which can potentially disrupt the oil major’s exploration activities.
UK Gets Involved in Spat Between Guyana, Venezuela Over Oil
Monday, 15th June 2015
British High Commissioner to Guyana, James Gregory Quinn has dismissed Venezuela’s most recent claim on Guyana’s oil rich Essequibo Coast, stating that it lacks solid grounds. Venezuela’s President Nicholas Maduro on May 27 signed a decree that now claims an entire portion of Guyana’s territory into the Atlantic Ocean and includes the Stabroek Block where a significant portion of oil was recently discovered by US oil giant, ExxonMobil.
Exxon Mobil Makes ‘Significant’ Oil Discovery Off Guyana Coast
Thursday, 21st May 2015
Exxon Mobil Corp. confirmed Wednesday that it has made what it calls a "significant" oil discovery off Guyana in waters also claimed by Venezuelaas part of a long-running border dispute between the South American countries.