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Petronas Steps Up as Exxon Exits Key Guyana Oil Block

Summary by Caribbean and Latin America Daily News
News Americas, New York, NY, November 22, 2024: Malaysian energy giant Petronas is emerging as a key player in Guyana’s energy landscape, taking center stage in a shallow-water oil block there after the Exxon Mobil-led consortium ended talks with the Guyanese government. Exxon Mobil, along with Hess Corporation and China’s Cnooc, had secured the offshore Block S8 in a 2022 bidding round. However, negotiations faltered this year as Exxon reporte…
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