According to the Economist { … } eyesonsuriname Amsterdam, June 3d 2025–Not too long ago, the leading British Magazine Economist described Guyana as “about to become one of the most extreme cases” of the resource curse, referencing the rapid influx of oil revenue. But is that truly the case on the ground? The resource curse, or Dutch…
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Oil, Economic Transformation, and the Quest for National Development eyesonsuriname Amsterdam, 23 april 2025– Guyana, our neighbour on the East and an equally small country in the northeastern corner of South America, has long been known for its natural beauty, rich biodiversity and diverse culture. However, in recent years, it has been catapulted onto the world stage due to…
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Revenues expected to reach $157 billion by 2040. eyesonsuriname Amterdam March 23rd 2025– Guyana is the only South American country featuring a sizable economic growth. It was once one of the poorest countries in the Caribbean region until major oil deposits were discovered off its coasts in May 2015. According to a 2023 report, oil production in Guyana began in December 2019 and has generated over…
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Guyana would also benefit eyesonsuriname Amsterdam, November 8, 2024– Research agency Wood Mackenzie reports that Suriname and Guyana could together produce 12 million tons of liquefied natural gas (LNG) annually. This could also be supplied at a competitive price. Demand for LNG is expected to increase at the end of this decade, as the industry…
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eyesonguyana Amsterdam, September 24th, 2024 – In 2015, Guyana’s fortunes changed dramatically with the discovery of vast offshore oil reserves. This small South American nation, known for its lush rainforests and diverse culture, suddenly found itself on the brink of an economic transformation. The potential for wealth was immense, but so were the risks. The…
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Not only Oil & Gas eyesonsuriname Amsterdam, 23 August 2023 — An effort by Suriname to secure payment for its own forest cover – with a potential assist from recently discovered offshore oil and gas – is well on its way. The country is currently sizzling and we’re not only talking about the outside temperature. Transition finance is…
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Hopeful signs for the country eyesonsuriname Amsterdam, 20 may 2024–Petronas’ Roystonea-1 and Fusaea-1 discoveries in Block 52 offshore Suriname are estimated to hold recoverable resources approaching 400 million barrels, according to new numbers released by UK-based consultancy group Wood Mackenzie. “This could be enough to support an FPSO [floating production storage and offloading vessel] with…
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