Tag: alliance
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Oil production in Guyana generates $6 billion in gains for the ExxonMobil alliance
The ExxonMobil-led consortium generated US$5.8 billion in profits in 2022 from oil production in Guyana. The disclosure of the profits of the alliance – which includes Exxon Mobil, Hess and Sinooc – came in light of the legal dispute over the breach of insurance obligations against oil spill risks. It is also the first disclosure…
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The alliance of Saudi Arabia and Russia prevents the price of oil from falling (article)
Read in this article • The energy crisis and the war in Ukraine led Europe to focus on diversifying energy sources • Oil prices in the global market have risen to a level not seen since 2008 • The increase in energy prices was the main factor for the rise in inflation rates in the…