Are Oil Majors Giving Up On Guyana?

Guyana has become one of the main upstream stars of the past decade, rising from zero to hero in less than 5 years. Much of Guyana’s rise to prominence took place as its first and largest offshore discovery, the Liza field, was commissioned in late 2019. As attentive Oilprice readers already pointed out, with the passing of time Guyana is starting to look and act more Latin American as resource nationalism is holding sway over its politics. This is in and of itself not unreasonable, yet in COVID-impacted times when CAPEX cuts are omnipresent,…