Profits Galore, but no words about climate change eyesonsuriname Amsterdam, 20 feb 2023– US-based private financial and investment company, The Motley Fool, says ExxonMobil’s fifth development project off the coast of Guyana is a clear indication of the major’s confidence in the oil market. The Uaru development, set to deliver first oil in 2027, is expected to…
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Moodys evaluation eyesonsuriname Amsterdam, February 17, 2023 — Moody’s Investors Service (“Moody’s”) has changed the rating outlook on the Government of Suriname to stable from negative and has affirmed the Caa3 issuer and senior unsecured debt ratings. The main driver behind the outlook stabilization is Moody’s expectation that losses as a result of the ongoing…
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What next for emerging oil producing countries like Suriname? eyesonsuriname Amsterdam, Feb 16, 2023 — The global demand for fossil fuels appears to be almost stagnant. Thanks to solar panels, wind turbines and electric cars, the world will use less fossil fuels in the coming years. “It is only the first step in the energy…
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Five million euros eyesonsuriname Amsterdam, 8 Feb 2023 — The European Union has approved a grant of ten million euros for the project ‘Sustainable Forest Livelihood for communities of Guyana and Suriname’. The protection and sustainable use of the Amazon rainforest in Suriname and Guyana is the main goal of this project.The intention is that…
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For the benefit of all eyesonsuriname Amsterdam, 1 February 2023– As warmer temperatures affect the abundance, movement patterns, and mortality rates of wild fish stocks, as well as which species can be farmed in specific places, fish and their habitats are being impacted by climate change. People who depend on fisheries and aquaculture will also be impacted, both…
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eyesonsuriname Amsterdam, 29 January 2023–ExxonMobil is looking to increase its multi-billion barrel recoverable resources offshore Guyana this year. Its co-venturer Hess Corp. recently announced yet another significant discovery at Fangtooth SE-1. And according to Rystad Energy, more discoveries will come over the next several years, with a new bulk to be exploited in 2023. In an exclusive interview…
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Takes after Norwegian example and will soon live off of its interest eyesonsuriname Amsterdam, 28 Januari 2023 — Neighbouring Guyana has deposited US$1.86 billion in royalties and profit oil payments to the Natural Resource Fund (NRF) raking in GY$3.67 billion in interest in the last three years. For 2022, the nation earned a whopping GY$3.65…
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Impressive Future Plans eyesonsuriname Amsterdam, 28 januari 2023– Rystad hosted its official inauguration of the Copenhagen office on Nov. 17 2022, with attendees including founder and Chief Executive Jarand Rystad. For many audiences and readers around the globe, Rystad Energy is an exclusive and familiar name in terms of analysis of data and energy. The Oslo-headquartered firm, which has…
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13 Billion $$ Involved eyesonsuriname Amsterdam, 28 Januari 2023– ExxonMobil’s fifth project in Guyana, Uaru, is shaping up to be a giant undertaking both in terms of its field development and total cost. The estimated cost comes in at a massive US$12.7 billion – reflecting current market conditions with room for additional scope, according to…
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The Beauty of the Scandinavian Model eyesonsuriname / rystad energy Amsterdam, January 28th 2023 — Hopefully we can all agree that the end of the hydrocarbon age, when it inevitably arrives, will not be brought about by the world running out of coal, oil and gas. The move from higher to lower emitting energy sources will…
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