Guyana’s recent oil discoveries could not have come at a better time for the country, with international companies looking to move away from traditional oil-producing states A new law passed by the country aims to attract new investment while also ensuring Guyana’s citizens and local economy benefit from its oil boom ExxonMobil has clearly been impressed by Guyana’s tactics, moving the vast majority of its offshore operations to the country The context for oil in Guyana is looking even more favorable thanks to the passing of a landmark local content law last week. With greater opportunities for exploration in Guyana’s waters, as well as already strong investments by some of the world’s supermajors, the Caribbean is set to be the oil-producing region of the future. Many companies have started their movement away from traditional oil-producing states, particularly in Europe and North America for several reasons. Firstly, several countries in […]