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Venezuela Deploys Troops to Guyana Border Over Oil Dispute

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Source: Yahoo Finance
Venezuela Deploys Troops to Guyana Border Over Oil Dispute
Photo: Yahoo Finance
TL;DR

Exxon Mobil plans to conduct exploratory drilling off the coast of Guyana, reassuring that it will be "well south" of the disputed territory claimed by Venezuela. The company's executive emphasized that the proposed drilling locations are at least 100 kilometers away from Venezuela's claimed territory and are within Guyana's licensed exploration area. This comes amid reports of a Venezuelan military buildup near the disputed region, raising concerns about potential conflict. Exxon and its partner, Hess Corp., saw a decline in stock performance following these developments.

Topics:worldenergyinternational-relations#energyinternational-relations#exxon-mobil#guyana#oil-drilling#territorial-dispute#venezuela
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  1. Exxon Says New Drilling Is 'Well South' of Disputed Essequibo Territory  Yahoo Finance
  2. Venezuela building up troops on Guyana border, satellite images show  The Guardian
  3. Venezuela Deploys Military to Oil-Rich Guyana's Border - WSJ  The Wall Street Journal
  4. Venezuela Sends Military to Guyana Border Over Oil Dispute  OilPrice.com
  5. ExxonMobil to explore for oil and gas in offshore area under dispute by Guyana and Venezuela  The Associated Press

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