Guyana: Judge delays decision that would require Exxon to extend insurance coverage for its oil activities
“Guyana judge delays decision on Exxon spill-insurance ruling” , 31 May 2023
… A Guyana appellate judge on Wednesday delayed a decision on a request by the country's environmental agency to stay a lower-court's ruling requiring a consortium led by Exxon Mobil (XOM.N) to provide more liability coverage for an offshore oil platform…
… The group's two offshore oil platforms account for the country's entire oil production. The three members -Exxon, Hess (HES.N) and CNOOC Ltd (0883.HK) - have approved budgets for three more projects by 2026, and plan up to 10 over time. Filings in the case have revealed the three consortium members earned $5.8 billion in Guyana last year…