Exxon to begin drilling offshore Guyana

• Guyana's government says Exxon Mobil (NYSE:XOM) will start exploration drilling at the Stabroek Block off its coast, in a move that could inflame a long-running dispute with neighboring Venezuela.
• Officials say the country's president met XOM representative in the capital this week and the company's exploration rig ship is now in position at the concession area.
• The waters lie off a border region claimed by Venezuela in a territorial controversy dating back more than a century.