With Venezuela still having to endure challenges associated with the underperformance of the country’s oil and gas sector, resulting largely from both the United States’ sanctions-driven pressures as well as the inherent underperformance of the industry, Brazil and Guyana are being promoted by the high profile energy media as the current ‘poster boys’ of the industry in South America. Last week, oilprice.com, one of the more globally popular energy news sites in the region singled out the two countries as being responsible for the “fuelling” (of) “Latin America’s oil resurgence.”
