The oil project's riches have not only attracted the attention of oil majors such as Chevron but also that of countries such as Venezuela.

Chevron completed its $53 billion acquisition of Hess after all legal hurdles were cleared, including the company's vast oil fields off the coast of Guyana.

Chevron’s imminent entry into Guyana’s rich offshore oilfields solves one of the biggest problems dogging the U.S. major: where its growth will come from beyond the next few years.

Venezuela is spiraling once more into an inflationary storm as new data warns that price increases could skyrocket to 530% in 2025, fueled by a collapsing currency, oil export disruptions and mounting political and economic isolation.