The government of Guyana has issued a statement expressing its concern over reports of increased military activities and troop mobilization by Venezuelan forces in proximity to the country’s borders. In response to these developments, Guyana has taken steps to address the situation, including informing its international partners and taking measures to safeguard its sovereignty. The…
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The carbon negative South American country bides its time ahead of potential oil boom The FDI angle: In early June, Suriname’s state-owned company Staatsolie hosted an energy, oil and gas summit in the capital, Paramaribo. The aim was to “bring Suriname to the attention of the world” and promote investment into the country’s nascent offshore…
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By Mitchell Ferman Apache Corp., confident in its oil discovery with TotalEnergies SE off Suriname’s coast, is pursuing further discussions for a floating liquefied natural gas site in cooperation with neighboring Guyana, an Apache executive told analysts and investors. Natural gas is a byproduct of oil production that companies handle in a variety of ways. Apache plans in…
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and launches development studies with the objective of sanctioning the project end 2024 eyesonsuriname Download the Press Release (PDF) Paris, September 13, 2023 – On the occasion of the meeting held in Paramaribo between Patrick Pouyanné, Chairman and CEO of TotalEnergies, His Excellency Chandrikapersad Santokhi, President of the Republic of Suriname, and Annand Jagesar, CEO of…
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All details will be revealed to Suriname’s President on Block 58’s development prospects, said TotalEnergies’ Chief Executive Patrick Pouyanné. Speaking at the Barclays CEO-Energy Power Conference being held in New York, Pouyanné said that the oil field is big enough “to launch a sizeable deepwater development” but held other details close. He is due for…
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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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