Energy Advisor

Guyana’s government revenue from domestic oil and gas production is on track to break the $1 billion mark this year and accelerate to $7.5 billion annually in 2030, according to research that Rystad Energy released in July. Guyana is likely to become a global leader in oil and gas output in the coming years, and by 2036 could be the fourth-largest global offshore oil producer, leapfrogging the United States, Mexico and Norway, the firm said. Has Guyana put in place institutions and policies necessary to manage its energy sector well? Does it have the capacity to curb corruption and oversee state revenues effectively, problems that have plagued some other oil-producing countries? How should Guyana go about both benefiting from its natural resources while playing a constructive role in the global energy transition to cleaner fuels?