The oil majors are spending more in the Americas as international exploration becomes fraught with new risks
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https://www.wsj.com/business/energy-oil/exxon-chevron-look-to-the-west-in-an-increasingly-uncertain-world-6bc2ea38 Major oil companies are increasingly turning their attention to Western Hemisphere locations such as this Chevron site in Kersey, Colo. As the world becomes more dangerous, the two largest Western crude producers are focusing their investments closer to home.that gives it access to one of this century’s biggest oil finds in the South American country of Guyana and allows it to double down on shale by expanding its presence to North Dakota. Both regions are established oil producers with limited geopolitical tensions, affording Chevron new reserves with fewer risks.
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