Exxon doesn't need higher oil prices to win.

FOR many people, oil exploration is often understood in simple terms: a company drills a well, finds oil, and eventually production begins. But the process is ...

(Corrects paragraph 8 to clarify that Guyana's share of oil will climb from 12.5% closer to 50% baseline, not that its share of profit oil will climb to 50%) By Sheila Dang and Kemol King ...

Guyana's oil production has surged since 2019, making it the fifth-largest oil producer in South America. Guyana's GDP has tripled in the past four years, driven by its oil wealth. Guyana is forecast ...

Guyana, with its newfound oil wealth, now has the world's fastest-growing economy but risks falling prey to the oil curse seen in other nations. The country's oil revenues are substantial, with the ...

The tiny South American nation of Guyana, once one of the continent’s poorest countries, recently emerged as a top oil producer. After a swathe of high-quality discoveries in the offshore Stabroek ...

GEORGETOWN, Feb 20 (Reuters) - Guyana may revise terms of its latest oil-production sharing contract and its regulatory framework before a second offshore bidding round, Vice President Bharrat Jagdeo ...

Guyana is benefiting from higher oil prices and stronger demand for non-Middle Eastern crude amid the Iran war and Strait of Hormuz disruptions.

GEORGETOWN, Guyana — Guyana's President Irfaan Ali on Saturday denounced an incursion by an armed Venezuelan naval vessel in disputed waters that are home to a mammoth offshore oil deposit being ...

(Corrects paragraph 8 to clarify that Guyana's share of oil will climb from 12.5% closer to 50% baseline, not that its share of profit oil will climb to 50%) HOUSTON/GEORGETOWN, May 30 (Reuters) - ...

Guyana was already the world’s fastest growing economy before the US-Israeli war on Iran drove up oil prices. Now, the tiny Caribbean nation of nearly 1mn people will reap an even bigger bonanza as ...