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Hey there, it's Mark Filipino from the FT News Briefing.

If you're going to be in London on Saturday, September 6th, do me a favor, swing by the FT Weekend Festival.

I'm hosting a live chat with fellow podcasters, Lucy Fisher, George Parker, and U.S. managing editor, Brookmasters.

Get your tickets now.

If you sail roughly 120 miles into the Atlantic Ocean from the South American country of Guyana, you might just bump into some gigantic ships. These ships are sucking massive amounts of crude oil from reservoirs miles below the sea. That's because this

otherwise nondescript stretch of ocean is a part of an extremely valuable oil project, known as Stabrook.

Stabrook is one of the most lucrative oil discoveries in recent decades.

It's estimated to contain up to $1 trillion worth of oil reserves.

For the past couple of years, it's also been at the heart of a bitter feud between two of the world's most powerful oil companies, Chevron and Exxon Mobile.

This particular dispute was settled earlier this summer by an arbitration panel in a decision that matters for the entire industry.

These two US oil majors, Chevron and Exxon,

you know, they're in a battle for the future.

And in that future, there's not going to be very many oil companies

because the oil market is changing.

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