Suriname is one significant step closer to its highly anticipated offshore oil development as APA Corporation reported that Krabdagu-3 appraisal well in Block 58 confirmed an extension of oil resources, some 14 kilometres from the original prospect. APA holds a 50% working interest in the block alongside TotalEnergies – the operator. APA in its Q2 results…
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Development for Change eyesonsuriname Amsterdam, 11 August 2023 –The energy landscape of the Guyana-Suriname Basin is evolving at a rapid pace, with drilling activity set to intensify in the coming years. Noble Corporation projects the need for “6 to 7 ultra-deepwater (UDW) rigs through 2024, with potential upside from 2025 onwards” in the Basin, the…
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Isayen Herrera // Sheyla Urdaneta Photographs //Adriana Loureiro Fernandez Amsterdam July 23d 2023— Each morning, José Aguilera inspects the leaves of his banana and coffee plants on his farm in eastern Venezuela and calculates how much he can harvest — almost nothing. Explosive gas flares from nearby oil wells spew an oily, flammable residue on the…
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Moves Expected eyesonsuriname Amsterdam, July 24 2023== The government in Guyana predicts that oil related projects in Guyana predict that a year’s oil revenue will be equivalent to almost its total outstanding debt. However, political opponents to the current administration have said the country’s debt is mounting and this could impact its future prospects. Alliance…
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Report suggests more investments eyesonsuriname Amsterdam, 15 july 2023— In order to develop Suriname’s rich offshore oil potential, a higher level of financing is required and its state-owned company Staatsolie is readying itself to ensure it is prepared. Outlined in its updated 2022 Annual Report, Staatsolie said it has amended and extended its corporate loan…
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But illegal Brazilian goldminers in Suriname damage the environment beyond repair. No Focus. eyesonsuriname Amsterdam, June 11 2023–Guyana’s Vice President, Dr. Bharrat Jagdeo, dispelled questions about whether Petrobras’ withdrawal from Guyana’s inaugural offshore licensing round is linked to the controversy surrounding Venezuela’s claim for Guyana’s territory. “Absolutely not!” was his response when asked. He argued…
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TotalEnergies suffers investor revolt over climate goals eyesonsuriname Amsterdam, 27 May 2023 –Over 30% back activist motion against French oil group at annual meeting as police use tear gas against protesters A large group of TotalEnergies shareholders has urged the French oil and gas company to speed up efforts to switch to cleaner energy at…
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Guyana x Suriname eyesonsuriname Amsterdam, May 26, 2023 — Vice President Dr. Bharrat Jagdeo said on May 25 that Guyana’s gas strategy, which is expected to be drafted by the end of this year, will explore the possibility of joint development with Suriname. “In some areas, like Pluma, [there is] more gas, less oil, [and]…
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For Whom and When ? eyesonsuriname Amsterdam, 9 May 2023– Suriname’s state oil company Staatsolie Maatschappij Suriname N.V., TotalEnergies Suriname and QatarEnergy signed production sharing contracts for offshore blocks 6 and 8 on Monday May 8, 2023. In 2021, a Shallow Offshore Bid Round was completed offshore the South American country. Production Sharing Contracts (PSCs) have already…
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wealth and equality eyesonsuriname Amsterdam, 9 May 2023 –The most striking news to emerge from Suriname’s recently concluded Energy, Oil and Gas Summit (SEOGS) 2022 was uttered by the Vice President of Offshore at Staatsolie, Glenn Corrie – that 30 billion barrels of oil equivalent awaits discovery in the South American nation’s oil basin. Het offshore gebied van Suriname bevat…
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