Guyana Limited News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The US$53 Billion deal for the acquisition of Hess Corporation by Chevron Corporation faces a shareholder vote today.

The Government of Guyana (GoG) has approved one bid to date from its maiden oil blocks auction. Block S4, a shallow water portion, has been awarded to TotalEnergies EP Guyana B.V. in consortium with Qatar Energy International E&P LLC and Petronas E&P Overseas SDN BHD.

The Government of Guyana (GoG) is awaiting a full report from its technical staff on whether the ramped-up production of oil in the Stabroek Block by ExxonMobil Guyana Limited (EMGL) constitutes a breach of the insurance and US$2B oil spill guarantee lodged by the Co-Venturers.

The capacity of the guarantors utilized by ExxonMobil, Hess and CNOOC to provide the US$2B oil spill coverage in the event of a major disaster in the Stabroek Block is being questioned by Attorney-at-Law and Chartered Accountant, Christopher Ram.

The ramping up of oil production in the Stabroek Block by American oil major, ExxonMobil is not covered by the US$2 billion oil spill guarantee provided by the Co-Venturers.