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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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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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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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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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 oil equivalent…
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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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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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Now the rest eyesonsuriname Amsterdam, 12 dec 2023– Since the recent oil discoveries in the Guyana-Suriname Basin and Guyana’s colossal oil boom and skyrocketing economic growth, Suriname is impatiently watching this mouthwatering opportunity that is presented to them as well. With TotalEnergies and Apache offshore oil discoveries in Block 58, Suriname became more optimistic about…
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Working together on the global renewable energy transition The goal of the Renewable Energy and Climate Summit Indonesiathe Netherlands was to contribute to a sustainable future for Indonesia and the Just Energy Transition Partnership (JETP). The Just Energy Transition Partnership (JETP) between Indonesia and its international partners was launched at the G20 Summit in 2022.…
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This year’s United Nations climate summit will be the biggest in history–and the first held in a major petrostate. Host United Arab Emirates wants to bring the fossil fuel industry into the climate fold, but to make that happen requires wide deployment of carbon capture and storage. Proponents argue the new technology could help preserve…
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