Europe’s lack of energy security poses an existential threat to the region, a fact that makes domestic energy opportunities more attractive than ever.
Guyana will accept whatever decision emerges from discussions between U.S. oil firms over the sale of Hess Corp in the dispute between Exxon Mobil and Chevron, Vice President Bharrat Jagdeo said on Wednesday. Exxon this week said it intended to assert its right on Hess's 30% stake in the giant Stabroek offshore oil field using a contractual right of first refusal over any sale.
Guyana's vice president Bharrat Jagdeo on Wednesday said the country will accept whatever is the result from discussions between Exxon Mobil Corp , Chevron Corp and Hess Corp regarding participation in the Stabroek block. Guyana is ready to welcome Chevron into the country, but would also accept a result in which Chevron's acquisition of Hess does not go through and Exxon ends up buying Hess' shares in the consortium, he said.