FREELAND: CANADA WON'T ESCALATE OR BACK DOWN ON US TRADE FIGHT

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

EZ/UK T-Bill Calendar: 8/13/28/50-Week BTF Auction on Monday

EZ/UK Bond Supply Calendar: 4.125% Jul-29 Gilt Due on Tuesday

MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Exxon Focusing on Helping Guyana Produce Oil During Border Dispute

OIL

ExxonMobil is focusing on producing oil in Guyana as efficiently as possible to help it in its border dispute with Venezuela according to Exxon CEO Darren Woods.

  • “I’m not sure the press has captured the true intensity of the situation there, but we’re keeping an eye on it,” Woods said.
  • “We can do what we can do, which is making sure that we’re helping the government of Guyana by producing the resources efficiently.” he added.
  • A Venezuelan vote on Sunday has claimed a victory over the disputed border area known as Essequibo, currently controlled by Guyana.
  • The long running dispute appears to have ratcheted up a notch since ExxonMobil found oil off Guyana’s coast in 2015 and quickly turned into one of the worlds fastest growing crude producers.
  • On whether Exxon is financially helping Guyana in the dispute, Woods said “No, we’re not. We’re limiting our role to the area of our expertise, which is to basically help them responsibly develop their resources.”
Energy BulletsCommodities
Energy BulletsCommodities

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.