Petrobras Jubilant finding more oil eyesonbrasil Amsterdam, 9 april 2024– Brazilian oil giant Petrobras has struck oil in a well located in Brazil’s Potiguar Basin, during a campaign it embarked on in earnest to repeat exploration successes off the coasts of Guyana and Suriname. Announcing the find in an April 9 release, Petrobras said its…
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Two regions in dispute eyesonsuriname Amsterdam, April 9 2024–Guyanese authorities have requested the United Nations Security Council to review Venezuela’s territorial claims over the oil-rich Essequibo region, under the jurisdiction of the former British colony since 1899, but which Caracas has annexed to all its official maps following a referendum last year. The Guyanese Government…
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Centuries Old Territorial Dispute Flames Up eyesonsuriname Amsterdam, 22 March 2024 — Venezuela’s National Assembly Thursday passed a law creating a new region in the oil-rich Essequibo territory under Guyanese control since the late 1800s on which Caracas claims sovereignty. The Venezuelan Parliament unanimously approved the creation of the state of Guayana Esequiba, which is…
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eyesonsuriname Amsterdam, 15 Jan. 2024–The Guyana-Suriname basin is projected to add 950,000 barrels of oil per day (b/d) to market supply, with four projects to come on stream in the period 2025-2028. One floating production, storage and offloading (FPSO) vessel will start operations each year in the period. 1. ONE GUYANA (Yellowtail project) – Developers: ExxonMobil,…
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The European market’s evolving preference for crude oil, amidst changing global dynamics, has led to distinctions in the valuation of Guyana’s crude exports, particularly between Liza, Unity Gold, and Payara crude. Felipe Perez, Head of Latin America Fuels and Refining at S&P Global, and Pat Harrington, Latin America Crude Mortgage Editor at S&P Global, shed…
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Developments Galore eyesonsuriname Amsterdam, Jan 2nd 2023– The year 2024 is expected to welcome a massive expansion of operations in Guyana’s oil and gas industry. New blocks will be awarded, oil developments will advance, and the prospect of gas development will shift into focus. Here is a list of what to expect: Signed contracts from offshore…
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S&P Global The global landscape for high-impact wells (HIWs) in 2024 is poised for significant activity, with a predominant focus on the Caribbean, Latin America and Africa, according to a new S&P Global Commodity Insights report. This follows a successful 2023, where 32 HIWs yielded 11 discoveries, amassing an impressive 2.7 billion barrels of recoverable…
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Now the rest eyesonsuriname Amsterdam, 12 dec 2023– Since the recent oil discoveries in the Guyana-Suriname Basin and Guyana’s colossal oil boom and skyrocketing economic growth, Suriname is impatiently watching this mouthwatering opportunity that is presented to them as well. With TotalEnergies and Apache offshore oil discoveries in Block 58, Suriname became more optimistic about…
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Guyana faces a critical obstacle hindering the participation of local businesses in the country’s local content development initiatives – the challenge of accessing crucial financing. This issue threatens to undermine the entire local content effort vital for the nation’s economic growth, as highlighted by energy expert David Goldwyn, renowned for his experience in the U.S.…
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eyesonbrasil / oilnow A four-member parliamentary delegation from Canada arrived in Guyana on November 14, commencing a five-day visit aimed at fortifying and deepening the diplomatic relations between the two nations. The visit was facilitated through the Commonwealth Parliamentary Association (CPA). Led by prominent Canadian parliamentarians, the delegation comprises Alexandra Mendès, Assistant Deputy Speaker, and…
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