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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Reuters Indonesian President Joko Widodo, Friday (24/11) inaugurated the construction of a carbon capture, utilization and storage (CCUS) project in the province of West Papua operated by British Petroleum (BP). This CCUS project in West Papua is the first carbon storage project in the country. The CCUS project has the potential to store up to…
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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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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 ratings is…
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The economy has dodged a recession, but not is out of the woods yet America’s economy in 2023 provided a lesson in humility for forecasters. Before the year began, almost all predicted that it was heading for sluggish growth at best, and a recession at worst. The logic was simple: beating inflation was bound to be…
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Although artificial intelligence has been used since the 1950s, the technology has only gained in fame in the last decade as it is growing more and more out of its infancy. But when AI will actually be mature, it remains to be guessed for the time being. That makes it challenging to draw up an…
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Special forces destroy aircraft and seize weapons in effort to protect largest Indigenous reserve from mining mafias T.Philips 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 destroying aircraft and seizing weapons and boats during an operation deep in…
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Experts are sounding the alarm: the world is caught in a debt trap. The global mountain of debt has increased to more than 300 trillion US dollars. To cancel it out, the Earth’s population would have to work for nothing for three years. Is this a cause for concern? Will private individuals, companies and even…
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Lesson in cleaning surplus civil servants eyesonsuriname Amsterdam, 17 dec 2023– The administration of President Javier Milei is planning not to renew the contracts of some 7,000 state workers, which would add to the hardships many Argentine families are going through amid deep reforms to recover from the country’s current crisis, it was reported in…
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Can you put a price on the wonders of nature? Kingston-Upon-Hull, Tokyo and Shiretoko Spurn point would be a desolate place to die. Stretching five precarious kilometres into the North Sea, the constantly shifting finger of East Yorkshire coast is little more than a narrow sand bank held together by sea grass, the only obvious signs…
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