Will Guyana oil resources remain relevant as the energy transition takes hold?

Whatever the pace of the energy transition, the world will still rely on oil and gas for much of its energy needs until well beyond 2040, according to research conducted by consultancy group Wood Mackenzie. “Exploration will be critical in meeting this future demand. Yet exploration is widely perceived as discretionary, even unwarranted,” WoodMac analysts Andrew Latham and Adam Wilson said.