Exxon, the largest oil company in the West, strengthened its grip on Guyana's oil riches on Wednesday as it receivedThe small South American country is a critical piece of the oil giant's future as it looks to extract oil cheaply. On Thursday,was down about 38% relative to the start of the year, following a historic price collapse this past spring wrought by the coronavirus pandemic.
into Payara. One Exxon oil-drilling project in Guyana, known as Liza Phase 1, is currently producing oil, and another is on track to pump crude by early 2022, the company said. Since Exxon first discovered oil in Guyana, back in 2015, the company's presence has faced controversy and political turmoil.published a detailed report that alleged Exxon is taking advantage of the small country by striking an inequitable profit-sharing deal under suspect circumstances.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
TikTok employees describe life inside the company as its future hangs in the balance - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. 'On Sunday, September 27, the US courts issued an injunction preventing the implementation of the Executive Order'
Source: BusinessInsider - 🏆 729. / 51 Read more »
Boohoo doubles US sales, total sales at UK retailer top $1 billion - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Shell CEO on why the oil giant is cutting up to 9,000 jobs - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Palantir's founders' stakes combined are worth $4.9 billion - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. defense department company thiel pure monster
Source: BusinessInsider - 🏆 729. / 51 Read more »
Ford's new CEO shakes up management as the carmaker continues an $11-billion turnaround - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »