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Venezuela’s Strategic Pivot to BRICS: A Vision for Economic Revival

Venezuela’s Strategic Pivot to BRICS:

A Vision for Economic Revival eyesonsuriname Amidst geopolitical tensions and U.S. sanctions, Venezuela has taken a bold step by formally applying to join the BRICS alliance12. Led by President Nicolás Maduro, the oil-rich South American nation seeks to harness the economic rejuvenation opportunities that BRICS membership could offer. 1. Bypassing U.S. Sanctions: 2. Energy Trade…
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Suriname Future

and Common Sense eyesonsuriname Amsterdam, 19 june 2024– Suraya Jiawan-Nanan, Chief Executive Officer (CEO) of Haukes Construction Company in Suriname, is urging local businesses to elevate their standards to meet international requirements as the country prepares for a surge in its oil industry.  Jiawan-Nanan, at the recent Suriname Energy Oil and Gas Summit, emphasized that achieving…
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Guyana plans to contract a survey to gather data in support of offshore exploration and future bid rounds. The Ministry of Natural Resources published a June 5 request for expressions of interest from “reputable and experienced” firms to conduct a 3D multi-client seismic survey offshore Guyana. The new notice said the objective of the assignment is to acquire, process and interpret high-quality 3D seismic data to facilitate exploration and potential development of hydrocarbon resources offshore Guyana. A second objective is to ensure high-quality seismic data is available for effective evaluation during future bidding and licensing rounds. The government closed its first offshore licensing round and announced awards in 2023, but did not conduct a seismic study in support of the round. Government had said earlier this year that it would conduct an internal review of its available data to guide a decision on the second round. For the seismic study, eligible firms are required to demonstrate that they are qualified and experienced, including by providing a record of similar assignments in similar conditions, and the availability of appropriate staff and equipment. The deadline for submissions with Guyana’s National Procurement and Tender Administration Board (NPTAB) is Thursday, June 20, 2024. The Ministry said it will shortlist firms that meet the qualification requirements and invite them to submit a technical and financial proposal. On the eastern side of the Guyana-Suriname Basin, a five-phase seismic survey was conducted by CGG, CGS and BPC, prior to Suriname putting 11 shallow water blocks on auction. Scheduled for closure of the round on May 31 past, the Staatsolie Hydrocarbon Institute is scheduled to announce the successful bidders by the end of June. Shell is conducting a seismic survey offshore Trinidad and Tobago across three deepwater blocks awarded to a consortium of Shell and bp late last year.

Guyana to contract 3D seismic study to support offshore exploration, future bid rounds

eyesonsuriname Guyana plans to contract a survey to gather data in support of offshore exploration and future bid rounds.  The Ministry of Natural Resources published a June 5 request for expressions of interest from “reputable and experienced” firms to conduct a 3D multi-client seismic survey offshore Guyana.  The new notice said the objective of the…
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Agreement reached between Staatsolie and Total Energies

Agreement reached between Staatsolie and Total Energies

Economic Development Suriname may take off eyesonsuriname Amsterdam, June 5th 2024– According to TotalEnergies, an agreement was concluded between Staatsolie NV of Suriname and the French Oil and Gas company on the field development area, maximizing the value for Suriname and the Block 58 co-venturers over the 25 years Production Period.  In addition, the hull for…
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Brazil Energy Minister commends Guyana for oil sector investments

Brazil Energy Minister commends Guyana for oil sector investments

eyesonsuriname Brazil’s Minister of Mines and Energy, Alexandre Silveira, commended Guyana for how well it has attracted investment in its oil sector, a June 3 report by CNN Brazil said. “Guyana has advanced very quickly in this geological region [the Equatorial Margin], which it shares with Brazil. This demonstrates unequivocally that Guyana has merit in…
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Suriname, Guyana in the Eastern Caribbean and Namibia in Western Africa

Suriname, Guyana in the Eastern Caribbean and Namibia in Western Africa 

Latest Global Fossil Fuel Players  eyesonsuriname Amsterdam, 27 May 2024– Namibia has the potential to replicate Suriname’s and Guyana’s success in the oil sector, said NJ Ayuk, Chairman of the African Energy Chamber.  In a recent conversation with Petroleum Economist’s editor-in-chief, Paul Hickin, Ayuk praised the new oil rich countries for their rich geological resources but…
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New recoverable oil sources found in Suriname

New recoverable oil sources found in Suriname

Hopeful signs for the country eyesonsuriname Amsterdam, 20 may 2024–Petronas’ Roystonea-1 and Fusaea-1 discoveries in Block 52 offshore Suriname are estimated to hold recoverable resources approaching 400 million barrels, according to new numbers released by UK-based consultancy group Wood Mackenzie.  “This could be enough to support an FPSO [floating production storage and offloading vessel] with…
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WoodMac estimates 4.6 billion barrels discovered offshore Suriname

WoodMac: 4.6 billion barrels of oil discovered offshore Suriname.

Plus 12.5 trillion Cubic Feet of Gas eyesonsuriname Amsterdam, 20 May 2024–The Consultancy Group of Wood Mackenzie has put Suriname’s oil resource count at more than 2.4 billion barrels and its natural gas resources at 12.5 trillion cubic feet (tcf). Based on WoodMac’s numbers, assuming one trillion cubic feet of gas equals 176 million barrels of…
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Navigating the Tensions: The US Role in the Guyana-Venezuela Conflict

eyesonsuriname 1. Historical Context The longstanding territorial dispute between Guyana and Venezuela has its roots in colonial history. The Essequibo region, rich in natural resources, has been a point of contention for centuries. Guyana, a former British colony, claims the area based on historical boundaries, while Venezuela asserts that the 1899 Arbitral Award was invalid.…
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Exxon CEO: Guyana is the most successful deepwater development in history

eyesonguyana Amsterdam, 27 april 2024–ExxonMobil’s Chief Executive Officer (CEO) and Chairman of the Board, Darren Woods, hailed Guyana’s oil story as one that will be well remembered in the history of the oil and gas sector.  “I believe Guyana will go down as one of the most successful deepwater developments in the history of the…
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