eyesonsuriname Amsterdam, 1 Feb 2024– The global upstream industry is eyeing a rebound in high-impact oil and gas drilling in 2024, with Africa and Latin America poised to be the driving forces behind these activities. According to Rystad Energy, a total of 36 high-impact wells are identified for drilling this year, marking the highest annual…
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Not Visiting Suriname eyesonsuriname Amsterdam, 27 january 2024– Last year, the organization grouping 54 African nations, became a permanent member of the G20, a group that brings together the world’s 19 richest economies plus the European Union (EU). This year, Brazil chairs the G20 and will host the summit of the group’s heads of state…
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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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Suriname activist John Goedschalk is seeking 10.000 signatures to save 560,000 hectares of Suriname’s virgin rainforest. Surinamese activist, John Goedschalk, has become acutely aware of what is happening to the beloved forests of Suriname. This awareness has grown as an international campaign unfolds, urging Suriname’s president to halt plans for large-scale agriculture that would deforest…
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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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eyesonsuriname Amsterdam, dec 21st 2023–After grappling with a lengthy political and economic crisis the government of Suriname pinned hopes of an economic recovery on a massive offshore oil boom. French supermajor TotalEnergies and APA Corporation have made five high-quality oil discoveries since 2020 in Suriname’s offshore Block 58. The discoveries ignited dreams of a transformational oil…
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Outlook Stable On Dec. 6, 2023, we raised our long- and short-term foreign and local currency sovereign credit ratings on Suriname to ‘CCC+/C’ from ‘SD’ (selective default). At the same time, we withdrew our ratings on Suriname’s senior unsecured debt. We also raised our transfer and convertibility assessment to ‘CCC+’. The outlook on the long-term…
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Special forces destroy aircraft and seize weapons in effort to protect largest Indigenous reserve from mining mafias T.Philips The special forces crackdown on illegal mining in Yanomami territory. Photograph: Ibama/Brazilian government The Brazilian government has launched its campaign to drive tens of thousands of illegal miners from the country’s largest Indigenous reserve, with special-forces environmental operatives…
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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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Staatsolie, Suriname’s state oil company, announced on December 15, that it has signed three production sharing contracts (PSC) for the offshore deepwater blocks 63, 64, and 65. The blocks were part of the Demerara bid round held from November 2022 to May 2023. Staatsolie said the contracts from the bids were signed after negotiations with…
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