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Category: Energy

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President Irfaan Ali and the Trilateral Agreement

Trilateral Agreement Bolsters Suriname’s Position in the Oil & Gas Arena

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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Suriname Surges: New Oil Discoveries Fuel Economic Growth

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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Suriname Prosperity

New Oil Discoveries Bring Hope of Prosperity to Suriname

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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Clean Energy Sector could be an amazing opportunity for employment

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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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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Unveiling Suriname Basin's Oil and Gas Potential: A Promising Frontier in South America

Unveiling Suriname Basin’s Oil and Gas Potential

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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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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Heavier Payara crude may be pricier than Liza’s due to Europe’s preference – S&P

Heavier Payara crude may be pricier than Liza’s due to Europe’s preference – S&P

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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TotalEnergies Block 58

TotalEnergies anounces the launching of a large Oil Project Offshore of Suriname

Paris, September 13, 2023 – On the occasion of the meeting held in Paramaribo between Patrick Pouyanné, Chairman and CEO of TotalEnergies, H.E. Chandrikapersad Santokhi, President of Suriname, and Annand Jagesar, CEO of Staatsolie, TotalEnergies has announced the launching of the development studies for a large oil project in Block 58, offshore Suriname. Appraisal of…
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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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