By Kemol King and Sabrina Valle GEORGETOWN/HOUSTON (Reuters) – Guyana’s lucrative agreement with an Exxon Mobil-led consortium in the South American country last year generated $6.33 billion for the partners, government data showed, yielding a net margin larger than that of chip-maker Nvidia Corp. The trio’s combined net margin was 56%, greater than the 49% […]
By Sabrina Valle HOUSTON (Reuters) – Exxon Mobil Corp on Friday missed analysts’ estimates with a 28% year-on-year drop in first quarter profits as weaker refining margins and lower natural gas prices offset volume gains. The largest U.S. oil company, which is in the process of closing a $60 billion deal for top shale oil […]
By Deisy Buitrago CARACAS (Reuters) – Lawmakers in Venezuela allied with the government of President Nicolas Maduro on Thursday approved the creation of a new state in a territory that is the subject of a long dispute with neighboring Guyana, despite an ongoing international court case. The approval is in line with recent rhetoric from […]
(Bloomberg) — Exxon Mobil Corp. and Cnooc Ltd. are considering exercising rights to acquire Hess Corp.’s stake in a giant offshore oil development in Guyana, potentially obstructing Chevron Corp.’s $53 billion deal to buy into the field. Most Read from Bloomberg Exxon and Beijing-based Cnooc already own stakes in Guyana’s Stabroek block and have the […]
GEORGETOWN, Guyana (AP) — The parents of two teenagers who survived a fire that killed 20 people at a high school dormitory for Indigenous girls last year have sued the government, accusing authorities of negligence. The lawsuit is seeking more than $50,000 for each of the two unidentified 14-year-old girls who were rescued by authorities […]
By Bruno Kelly MANAUS (Reuters) -A convoy of military trucks and armored vehicles set off for Brazil’s northern border on Friday to reinforce the presence of the Brazilian army in response to tensions over Venezuela’s claim to Guyana’s Esequibo region. More than two dozen armored cars arrived in Manaus by river transport and some left […]
BRASILIA (Reuters) -Talks over a territorial dispute pitting Venezuela against Guyana yielded commitments on Thursday to avoid violence or threats, after Venezuelan President Nicolas Maduro revived claims over an oil-rich region on their shared border. The dispute centers on Esequibo, a 160,000 square kilometer (61,800 sq mile) region that is mostly thick jungle but also […]
Something must have smelled fishy to feds who busted a man at Kennedy Airport on charges of trying to smuggle more than 18 kilos of cocaine inside bags of frozen jumbo shrimp. Zacharie Scott, 22, was caught with the illicit packaged prawns inside his two suitcases at the Queens airport on Friday morning, the feds […]
MEXICO CITY (AP) — Venezuela said Saturday it will continue to deploy nearly 6,000 troops until a British military vessel sent to neighboring Guyana leaves the waters off the coast of the two South American nations. In a video posted to X, Venezuelan Defense Minister Vladimir Padrino appeared surrounded by military officers in front of […]
(Bloomberg) — Venezuela and Guyana have disagreed over their common border for well over a century. That disagreement has grown far more tense since large deposits of oil were found in the contested Essequibo region. In early December, Venezuelan President Nicolás Maduro announced plans to annex the Essequibo, covering roughly two-thirds of Guyana’s territory. A […]
A British warship has arrived in Guyana amid rising tensions between the former British colony and Venezuela. The HMS Trent’s arrival on Friday led Venezuela to begin military exercises a day earlier, near its border with Guyana. Brazil’s Ministry of Foreign Affairs urged the two South American countries to return to dialogue. It said other […]
President Nicolas Maduro has ordered Venezuela’s armed forces to conduct defensive exercises in the Eastern Caribbean after the UK sent a warship towards Guyana’s territorial waters as the South American neighbours dispute a large border region. In a nationally televised address on Thursday, Mr Maduro said 6,000 Venezuelan troops, including air and naval forces, will […]