Guyana chaos a warning sign
Electoral uncertainty is highlighting the dangers for new companies hoping to invest in the country’s offshore resources
Guyana’s recent election was supposed to determine the political direction of Latin America’s newest oil producer. Instead the election has morphed into mayhem. A week on from the 2 March poll and a winner has yet to be officially declared. Incumbent President David Granger, head of the Partnership for National Unity (APNU/AFC) coalition, and opposition candidate Irfaan Ali, leader of the People’s Progressive Party (PPP), have both declared victory. On 5 March, the country’s electoral body (GECOM) released results that pointed to a narrow Granger win. But international observers, including the EU, released a statement soon after saying the count in Guyana’s Region 4—the most populous region

Also in this section
24 February 2025
Weighed down by higher costs and lower margins, the US downstream sector is facing closures that could shrink capacity
21 February 2025
While large-scale planned LNG schemes in sub-Saharan Africa have faced fresh problems, FLNG projects are stepping into that space
20 February 2025
Greater social mobility means increased global demand for refined fuels and petrochemical products, with Asia leading the way in the expansion of refining capacity
19 February 2025
The EU would do well to ease its gas storage requirements to avoid heavy purchase costs this summer, with the targets having created market distortion while giving sellers a significant advantage over buyers