Can Guyana Salvage Its Much-Hyped Oil Boom?
The deeply impoverished South American country of Guyana in recent years was heralded as the hottest new oil boom in the Americas. A series of large offshore oil discoveries by integrated global energy major ExxonMobil catapulted Guyana into the spotlight. Earlier this year Exxon made its 16th oil discovery in the offshore Stabroek Block. The oil giant also revised upward its estimated recoverable resources in Guyana to more than 8 million barrels of oil equivalent, highlighting the country’s considerable hydrocarbon potential. Читать дальше...