Bright future for Suriname and Guyana
Expectations are high after a string of upstream successes and both governments ending their political impasses
Crumbling oil prices and volatile energy demand have tipped Latin America into a sharp recession, exacerbated by one of the world’s worst Covid-19 mortality rates. But in Suriname and Guyana, at least, there are reasons to be cheerful. Although both countries face stark economic challenges, they have emerged from electoral turmoil with new governments eager to develop their hydrocarbon resources. And their shared offshore basin has added a further six major oil discoveries in 2020, confirming the region’s position as a global upstream hotspot. Political developments have brought much-needed stability. English-speaking Guyana emerged from over a year of uncertainty, sparked by a vote of no-co
Also in this section
21 April 2026
After overcoming a COVID-induced demand collapse with several years of successful market management, geopolitical events have conspired to provide the pact’s biggest test to date
21 April 2026
The regime’s policy of using nuclear ambiguity as a deterrent may have failed but it has realised it has other cards to play, while its neighbours are reappraising their approach to security
21 April 2026
As the global energy system undergoes a fundamental realignment, Algihaz Holdings has established itself as a critical player bridging conventional energy markets and the next generation of renewable infrastructure.
21 April 2026
The 25th WPC Energy Congress is taking place from 11-15 October 2026 at the Riyadh Front Exhibition & Conference Center.
