Chevron Ends Support for Guyana Port Studies After Hess Acquisition

Chevron Dropped Funding for Proposed Guyana Port Studies Inherited From Hess Chevron Corp. declined to continue supporting a proposed deep water port in Guyana after last year’s acquisition of Hess Corp., which had funded preliminary studies for the project. Guyana’s government is promoting the $1 billion to $2 billion port project to offer logistics for northern Brazil and to anchor a proposed industrial hub that would feature data centers, fertilizer plants and possibly a refinery tied to the country’s growing oil and gas production.