Offshore Treasure: ExxonMobil, Venezuela, and the Battle for Guyana’s Oil
March 23rd, 2024
Via Phenomenal World, a report on ExxonMobil, Venezuela, and the battle for Guyana’s oil: Since the discovery of some of the world’s largest oil reserves in 2015, Guyana has entered a period of economic and geostrategic reconfiguration. According to the Energy Information Administration (EIA), Guyana holds the sixth-largest oil reserves in the Americas and the […]
Read more »Chevron follows Exxon to Guyana’s Oil Riches
October 30th, 2023
Courtesy of The Financial Times, a report on Chevron’s following of Exxon to open a controversial fossil fuel frontier in one of Latin America’s poorest nations: Chevron’s deal to buy Hess last week for $53bn gives the US supermajor access to one of the hottest prospects in the global resources industry: Guyana’s 11bn barrels of […]
Read more »Why Did Chevron Covet Hess? Because of Guyana.
October 24th, 2023
Via HeatMap, commentary on Guyana’s role in Chevron’s recent acquisition of Hess: The much-predicted wave of oil consolidation is happening. The oil giant Chevron announced on Monday it was acquiring rival Hess in a deal worth $53 billion. This comes weeks after ExxonMobil announced a merger with Pioneer Natural Resources in a similarly sized deal. […]
Read more »Focusing primarily on The New Seven Sisters - the largely state owned petroleum companies from the emerging world that have become key players in the oil & gas industry as identified by Carola Hoyos, Chief Energy Correspondent for The Financial Times - but spanning other nascent opportunities around the globe that may hold potential in the years ahead, Wildcats & Black Sheep is a place for the adventurous to contemplate & evaluate the emerging markets of tomorrow.