WorldOil Mexico’s moratorium on oil auctions gives rival Brazil an edge Mexico’s moratorium on auctioning off its oil riches to foreign producers is giving a leg up to nearby rivals Brazil and Guyana. What’s new in exploration Rebound seen in new offshore exploration Guyana investigating offshore leases controlled by Exxon, Tullow Guyana’s anti-corruption agency is investigating how leases were awarded in its deepwater oil region, including those controlled by Exxon and Tullow. Venezuela falls to fourth-largest oil producer in Latin America Venezuela, which sits atop more oil than Saudi Arabia, has fallen behind three other Latin American countries as years of mismanagement and lack of investments take its toll. SBM Offshore awarded contracts for Exxon's Liza Unity FPSO in Guyana SBM Offshore has announced that Esso Exploration and Production Guyana Limited (EEPGL), an affiliate of ExxonMobil Corporation, has confirmed the award of contracts for the next phase of the Liza project in Guyana. ExxonMobil to proceed with Liza Phase 2 development offshore Guyana ExxonMobil has said it has funded the Liza Phase 2 development offshore Guyana after it received government and regulatory approvals. Hess sanctions Liza Phase 2 development offshore Guyana Hess Corporation has announced it has received regulatory approval from the government of Guyana and has made a final investment decision to proceed with the second phase of development of the Liza Field on the Stabroek Block, offshore Guyana. ExxonMobil makes 13th discovery offshore Guyana ExxonMobil said today it made a new oil discovery offshore Guyana at the Yellowtail-1 well, marking the 13th discovery on the Stabroek Block. ExxonMobil, Hess have made two new discoveries offshore Guyana Hess Corporation has announced positive results from the Tilapia-1 and Haimara-1 wells offshore Guyana, bringing the total number of discoveries on the Stabroek Block to 12. Tiny Guyana could soon pump more oil than OPEC member Venezuela Guyana, a country that currently produces no crude, could pump more than OPEC member Venezuela in five years.