What to Expect From Chevron’s Massive Guyana Investment ...Middle East

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What to Expect From Chevron’s Massive Guyana Investment
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Guyana has been the hot new spot for oil exploration in recent years, following several big discoveries. Multiple oil majors are investing in operations in the South American country, as they aim to pump “low-carbon oil” in a bid to continue developing their fossil fuel production with support from governments and consumers. In July, Chevron entered Guyana, alongside Exxon and other oil majors. In mid-July, the U.S. oil major Chevron announced it had completed the $53-billion acquisition of Hess Corporation following the win of an arbitration…

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