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Venezuela: A Real Threat To Guyana's Oil Boom

OilPrice.com Thursday, 27 December 2018
Last Friday, the Guyanese government fell after a no-confidence vote, a move that likely was viewed as an opportune moment of weakness in Caracas. A day later, Venezuela’s navy approached two Norwegian vessels conducing seismic work in Guyanese waters on December 22, forcing the ships to flee to safer waters. The ships, under contract by ExxonMobil, are surveying the area and working to develop massive oil discoveries that could transform Guyana. Venezuela says the activity is illegal because it is in disputed territory, but Guyana, and much…
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News video: Venezuela Calls U.S. Comments On Guyana Dispute 'Interventionist'

▶ Venezuela Calls U.S. Comments On Guyana Dispute 'Interventionist' 00:33

According to Reuters, Venezuela’s foreign ministry on Tuesday described US comments as “interventionist and disrespectful” in a weekend incident in which the country’s navy stopped two ships exploring for oil for Exxon Mobil off Guyana’s coast. Each of the neighboring South American...

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