The discovery of huge oil reserves in Guyana has the potential to transform the country, although it will have to work hard to avoid the resource curse that has hit so many other countries. Over the last seven years, different energy firms have discovered over ten billion barrels of recoverable oil and gas in Guyana. Guyana now plans to form its own national oil and gas company to develop its oil and gas economy and ensure that it is in control of its own energy future. Will Guyana fulfill its potential and become a major hotspot for oil over the next decade? As several oil majors invest in the tiny state, it looks set to become a vital bridge in the transition to cleaner energy, offering low-carbon oil opportunities while demand is still high. Several new discoveries and the development of a national oil sector could see Guyana become […]