Is This The World’s Next Big Offshore Oil Region?

The COVID-19 pandemic, 2020 crude oil price crash and ongoing global petroleum supply glut have done little to slow the growth of South America’s massive offshore oil boom. The colossal oil boom underway in the tiny South American nation of Guyana is gaining momentum, while Suriname is on the cusp of experiencing its own and the region’s largest economy Brazil is now the world’s tenth largest oil producer. It is their booming offshore oil industries which will be responsible for South America becoming the world’s leading…