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Hydrocarbon Processing Refining Databook 2025: Americas
The US and Canada are boosting capacity builds for renewable diesel and biofuels, while Central and South American countries are investing heavily to upgrade and expand their domestic refining sectors
Latin America’s evolving crude outlook
New supply from Argentina, Brazil and Guyana is rich in middle distillates, but optimism in terms of volume growth remains tempered by regulatory and technical risks as well as price volatility
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
Venezuela casts shadow over Guyana’s bright oil future
But 1m b/d production could be just a few years away if geopolitical risks subside
Eco Atlantic sees promise on the frontiers
The independent tells Petroleum Economist it sees further opportunities in Guyana, South Africa and Namibia
Mozambique upstream progress defies unrest
The east African country continues to attract investment in oil and gas projects, but concerns over security are still impeding developments in the gas-rich north
Capricorn and New Med to merge
The deal between the two independents leaves London-listed Tullow Oil without a dance partner
ExxonMobil takes a chance on India’s upstream
The major’s involvement is a win for New Delhi as it seeks to promote offshore exploration
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The proposal to combine with Tullow would create a large independent with an Africa-focused portfolio
US politicians up windfall tax rhetoric ante
Surging downstream profits add fuel to the fire, but the spectre of demand destruction lurks
Guyana ExxonMobil Tullow Oil
Charles Waine
7 October 2019
Follow @PetroleumEcon
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Guyana’s stop-start election makes headway

Latin America’s fledgling hydrocarbons province sets election date as first oil looms

The Guyana government has finally set an election date after months of political backbiting and court case appeals failed to reverse a vote of no-confidence in President David Granger’s administration. The government announced to parliament that the election is now scheduled for 2 March, despite the original National Assembly vote back in December 2018, supposedly triggering a poll within a three-month window. The latest delay was abetted by a decision from the country’s Elections Commission that Guyana would not be ready to hold a vote until late February. “The Granger government has used diverse legal strategies to delay the election, aiming to have first oil before the polls open in order

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