Page 2 - Robert Persaud News Today

Breaking News, Sports, Manitoba, Canada

ExxonMobil’s drilling plans offshore Guyana have angered Venezuela and risk escalating the dispute between the two South American neighbors over Venezuela’s claim on a large part of Guyana’s oil-rich Essequibo region

Both sides accuse the other of breaching a peace agreement signed in December to ease tensions over border demarcation lines

Breaking News, Sports, Manitoba, Canada

Guyana’s government says it has satellite imagery evidence from friendly western allies showing Venezuelan military movements near the South American country’s eastern border with Guyana

ExxonMobil’s president said the company has no intention of ceasing operations in the Stabroek Block and has Guyana’s and US support.

ExxonMobil said it plans to explore for oil and gas in a disputed area off South America’s coast where the Venezuelan military had previously expelled two U.S. oil companies. The move could escalate tensions between Venezuela and neighboring Guyana, which awarded the exploration license. Guyana considers the area part of its Essequibo region, but Venezuela…

The company said the concessions were granted by Guyana and that it is committed to its operations despite the tensions with Venezuela. Previous attempts to explore for oil and gas in that area have failed

Guyana and Venezuela are still arguing over the Essequibo region, which is rich in oil and the latest escalation happened as a US oil company explored the area for oil and gas.

President of ExxonMobil Guyana confirms plan to drill two new wells off Atlantic coast as territorial dispute simmers