Guyana Considers Creating Own State-Owned Oil Company ...Middle East

The world’s newest offshore oil player, Guyana, is considering making a big move—one that could sideline Exxon from bidding on further exploration areas, Vice President Bharrat Jagdeo said at the BNEF Summit in New York on Tuesday.  The news comes as Vice President Bharrat Jagdeo said that the nation’s oil wealth poses a risk, and that diversifying the fastest growing economy in the world would be critical. It also follows Exxon’s FID for an additional $10 billion on its Yellow Tail project, which should start producing…

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