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Tag: Suriname

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Oil Exploration on the Rise in the Guyana-shield

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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Lula on international trip

Lula on international trip

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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Suriname and Guyana add 1.000.000 barrels of oil a day

Suriname and Guyana add 1.000.000 barrels of oil a day

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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Crystal-clear waters flow through the pristine forests of Suriname.

«I will not stop. I won’t stand by as they dismantle Suriname’s forest»

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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Exxon Mobil: Suriname Just Became Significant To The Future

Exxon Mobil: Suriname Just Became Significant To The Future

eyesonsuriname Amsterdam, 30 dec 2023– The Petronas discovery in Suriname has the potential to double the basin development projects available for Exxon Mobil Corporation. Exxon Mobil Corporation (NYSE:XOM) has been developing the Guyana discoveries for some time. That is likely to continue as Guyana has some very strong allies that want Guyana just as it is now. In…
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Suriname Prepares for South America’s Next Big Oil Boom

Suriname Prepares for South America’s Next Big Oil Boom

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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Suriname Currency Ratings

Republic of Suriname Foreign And Local Currency Ratings Raised To ‘CCC+/C’ From ‘SD’

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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Major wells to be targeted in Guyana, Suriname and Jamaica

Major wells to be targeted in Guyana, Suriname and Jamaica next year

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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TotalEnergies’ expansion bolsters Suriname’s offshore oil prospects

TotalEnergies’ expansion bolsters Suriname’s offshore oil prospects

TotalEnergies’ concerted efforts in expanding its portfolio in Suriname’s offshore basin, notably with the recent signing of a production sharing contract for Block 64 alongside QatarEnergy and Petronas, hold significant promise for the country’s offshore oil production landscape. Block 64, covering a vast expanse of 6,262 km2 and situated approximately 250 km offshore, marks TotalEnergies’ latest venture…
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Suriname awards deepwater blocks to TotalEnergies, Shell, Petronas, QatarEnergy

Suriname awards deepwater blocks to TotalEnergies, Shell, Petronas, QatarEnergy

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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