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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Guyana’s Path to Recovery After the Esequibo Annexation eyesonsuriname 1. The Challenge: Venezuela’s Bold Move The recent annexation of the oil-rich Esequibo region by Venezuela has sent shockwaves through Guyana. This contested territory, comprising two-thirds of Guyana’s landmass, holds immense potential for economic growth. However, with Caracas eyeing offshore oil riches, Guyana faces an uphill…
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eyesonsuriname 1. Collaborative Talks Begin Suriname, a South American nation with ambitious energy goals, has embarked on a journey of collaboration. Its state-owned oil company, Staatsolie, has initiated discussions with global oil giants Exxon Mobil and TotalEnergies. The objective? To jointly develop natural gas fields that straddle the maritime borders shared with neighboring Guyana. These…
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eyesonsuriname Suriname, nestled on the northeastern coast of South America, recently found itself in the spotlight after signing a trilateral agreement with neighboring Guyana and regional giant Brazil. This pact focuses on cooperation in the oil and gas sector, aiming to unlock mutual benefits for all parties involved. But for Suriname, this agreement holds particular…
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eyesonsuriname Suriname, nestled on the northeast coast of South America, is experiencing a wave of optimism driven by recent discoveries of significant oil and gas reserves in the shared Suriname-Guyana Basin. These discoveries, coupled with rising global energy demands, are poised to propel the nation’s economy towards a brighter future. A Basin of Opportunity The…
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eyesonsuriname PARAMARIBO, Suriname – Suriname is riding a wave of excitement as major new offshore oil discoveries promise to bring an economic windfall to this small South American nation. With billions of barrels waiting to be tapped, experts say Suriname is poised to join the ranks of oil-rich countries. “Suriname has hit the jackpot with…
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The Industry Now Employs More People Than Fossil Fuel Industry eyesonsuriname Amsterdam, 1 Feb. 2024– Over Thirty-five million people are now employed in the global clean energy sector, compared to 32 million in the fossil fuel industry, according to a new report released Wednesday by the International Energy Agency. The second edition of the annual World…
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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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A Promising Frontier in South America eyesonsuriname The Suriname Basin, situated off the northeastern coast of South America, has rapidly emerged as an exciting frontier for oil and gas exploration. Stretching from Suriname to Guyana, this geological basin has recently garnered significant attention due to its potential wealth of hydrocarbon resources. With notable discoveries in…
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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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