Oil Curse News

For the poor, small South American country of Guyana, there's no time like the present when it comes to reaping the rewards of its offshore oil jackpot.With sky-high oil prices, a transition to renewable energy on the horizon, and 750,000 citizens desperate for better lives, Guyana is putting its foot on the gas to exploit its vast oil reserves, even if that means sacrificing some longer-term gains.Already locked into contracts with oil firms that have been criticized for being too one-sided…

As Brazil continues to emerge as a global offshore and shipbuilding powerhouse, are its local content laws hindering progress? Brazil’s Oil & Gas industry is in the midst of an unprecedented growth curve, with  major new reservoirs being found in deepwater, the so-called pre-salt. This growth in the O&G industry has had a major influence in the growth of the nation’s shipbuilding industry, which until only a few short years ago was stagnant. The main reason for this massive increase in shipbuilding and also in the construction of new shipyards is that the O&G industry demands various kinds of ships and support vessels in order to properly operate and maintain growth.