RE: Orinduik Guyana news - is this the start of re rate28 Mar 2025 16:04
US and Guyana sign cooperation as Rubio warns Venezuela
US Secretary of State alerted Caracas not to meddle with ExxonMobil's oil operations in the Stabroek block
US Secretary of State Marco Rubio speaks during a press conference in Georgetown, Guyana.
Published 28 March 2025, 13:20
The US and Guyana have signed a memorandum of understanding (MoU) to deepen security cooperation at a time regional tensions are escalating in South America.
The document was signed after a Venezuelan coast guard vessel earlier this month entered ExxonMobil’s Stabroek block offshore Guyana, reportedly threatening its production units amid an escalating territorial dispute between the two nations.
Even though the MoU was focused on tackling international crime and deter drug trafficking in the Caribbean region, US Secretary of State Marco Rubio took the chance to warn Venezuela about meddling with Guyana.
Decree: Venezuelan President Nicolas Maduro displaying the proposed new border featuring the Essequibo area
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Venezuela and Guyana again at odds in Essequibo dispute
“It would be a very bad day for the Venezuelan regime if they were to attack Guyana or ExxonMobil or anything,” Rubio said during a visit to Georgetown, according to a Reuters report.
“It would be a very bad day, a very bad week for them, and it would not end well for them. I am not going to get into details of what we will do. We are not big on those kinds of threats.”
After being dormant for decades, Venezuela and Guyana are once again clashing over a border dispute concerning the Essequibo area that could potentially have major repercussions for ExxonMobil’s production in the Stabroek block.
The dispute centres on a 160,000 square-kilometre area of Guyana that Venezuela lays claim to, despite a 125-year treaty declaring it part of what was then British Guiana.
The dispute entered the spotlight again after ExxonMobil discovered over 11 billion barrels of oil equivalent in recoverable resources at Stabroek.
Venezuela condemned Rubio’s remarks and said the vessel did not enter Guyanese waters, claiming the maritime zone delimitation is still pending as part of the dispute.
“Venezuela will not surrender in the face of intimidation, nor will it cede before the extortion of those who think incendiary speeches will twist history,” Venezuelan foreign minister Yvan Gil said in a post on Telegram.
ExxonMobil is currently producing about 650,000 barrels per day of oil via three floating production, storage and offloading vessels — Liza Destiny, Liza Unity and Prosperity — at the Liza and Payara fields in the Stabroek block.
Three additional FPSOs — One Guyana, Errea Wittu and Jaguar — have already been contracted to serve the Yellowtail, Uaru and Whiptail developments, respectively, also in the Stabroek block.
https://www.upstreamonline.com/politics/us-and-guyana-sign-cooperation-as-rubio-warns-venezuela/2-1-1799439?utm_campaign=2025-03-
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