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Outlook 2025: The importance of ensuring a just transition for developing nations
While the global energy transition is essential for reaching net zero, it is equally important that less-developed countries are allowed to realise the benefits of their hydrocarbon resources
Eco Atlantic sees promise on the frontiers
The independent tells Petroleum Economist it sees further opportunities in Guyana, South Africa and Namibia
Perenco buys out Glencore in Chad
Anglo-French independent has bought all of the trading house’s assets in the central African country
Hess set for more Guyana benefits
The Stabroek block’s impact on the US independent’s business is only set to grow
ExxonMobil maintains breakneck Stabroek pace
The major will proceed with Yellowtail, its largest Guyanese project to date
Frontera aims to rebuild production
The Colombia-focused operator forecasts a partial rebound in production this year and is hopeful about exploration offshore Guyana
Eco Atlantic expands Guyana acreage
The independent is doubling down on its investment in Guyana with the acquisition of JHI Associates
INOC sets the stage for oil uptick
Control for Iraq’s new NOC of one of the country’s biggest oil assets may just be a first step in Baghdad’s strategy
Guyana’s burgeoning oil sector continues to advance
Two fresh discoveries and further developments are helping to cement the frontier province’s leading status
US majors target Permian cash cow
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Irfaan Ali, presidential candidate for Guyana's opposition People's Progressive Party, meets with supporters in Georgetown
Guyana ExxonMobil
Luke Barnes
Bogota
10 March 2020
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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

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