November 2, 2023--Researched by Amir Richani for Industrial Info Resources (Sugar Land, Texas)--Guyana and Venezuela continue to bicker over territorial disputes as the former's oil and gas prospects grow. The governments have been openly exchanging statements and threats as hydrocarbon discoveries have been announced in Essequibo, a swath that covers two-thirds of Guyana and many of the offshore areas where energy companies invest and operate. The area is claimed by both countries, although it is entirely within Guyana's borders.

Guyanese Vice President Bharrat Jagdeo said last week in a press conference that his country has awarded eight exploration and drilling contracts to companies such as ExxonMobil Corporation ( NYSE:XOM) (Spring, Texas), Shell plc (NYSE:SHEL) (London, England) and QatarEnergy (Doha, Qatar). Two local Guyanese enterprises secured two of the other blocks.

Other companies featured: Chevron Corporation (NYSE:CVX) and Hess Corporation (NYSE:HES)