Norway and Suriname eyesonsuriname Amsterdam, January 21st 2023–In the late 1950s, very few people believed that the Norwegian continental shelf (NCS) might conceal rich oil and gas deposits. However, the discovery of gas at Groningen in the Netherlands in 1959 caused people to revise their thinking on the petroleum potential of the North Sea. The Groningen…
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Puts Guyana on the map eyesonsuriname Amsterdam January 21 2023 — UK’s British Petroleum has been awarded a contract to market Guyana’s share of oil produced at the Liza Destiny and Liza Unity platforms, reports Oilprice. With 11 billion barrels found to date, Guyana is home to one of the largest oil discoveries over the…
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Suriname oil finds eyesonsuriname Amsterdam, Jan 20 th 2023 – Suriname’s recent oil finds in Block 58 put the South American nation’s recoverable resource count at over five billion oil-equivalent barrels. But that number is merely a fraction of what is believed to be held in the Suriname basin. There should be much, much more. Seismic…
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Suriname, Guyana knocking hard on the door eyesonsuriname Amsterdam, Jan 20th 2023 — Global Analytical Group, Wood Mackenzie said it expects low-key, direct negotiations rather than a proliferation of high-profile licensing rounds as countries look to accelerate their oil and gas potential. But even with that said, WoodMac noted that several licensing rounds are creating quite…
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eyesonsuriname/af Amsterdam, 6 January 2023–Suriname’s state energy company, Staatsolie, said offshore activity is being followed with great interest both locally and internationally. In 2023, the company expects there to be multi-block exploration, seismic tests, and new license awards. Suriname’s ongoing Demerara area competitive bid round involves six deepwater blocks. The blocks lie to the east…
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Investments Chevron and Exxon eyesonsuriname Amsterdam, 6 January 2023–Chevron Corp. and ExxonMobil – two of the biggest oil and gas majors on the globe have been pulling the plug on mega international projects to focus attention on more lucrative ventures in the Americas. The Wall Street Journal is deeming it “the era of retrenchment”. Both…
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Hess Corporation Acts eyesonsuriname/antonfoek Amsterdam, 22 december 2022–Standard & Poor Global believes bid rounds in Guyana and Suriname will attract further investments that are needed to drive the development of a competitive global oil environment. Given the trail of economic damage left by the COVID-19 pandemic and the Russia-Ukraine war, industry players such as Hess Corporation have…
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Guyana leads the pack eyesonsuriname/ antonfoek Amsterdam, dec. 22, 2022–Foreign direct investment (FDI) in the Caribbean has seen some lean years and some bountiful years. 2020 was a brutal year due to the Covid-19 pandemic; 2021 was much better, with FDI bouncing back throughout most of the region. Significantly, Guyana, long one of the poorest…
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Once Dormant Georgetown shifts gears eyesonsuriname Amsterdam, 25 november 2022– In just seven years, Georgetown has morphed into the oil capital of neighbouring Guyana in South America. Within its borders are several major shore base facilities such as G-Port and the Guyana Shore Base (GYSBI). It is also home to the headquarters of the Stabroek Block operator,…
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Neighbouring Suriname eyesonsuriname the Hague, Nov 19th 2022–The Venezuelan government wants to resolve the border dispute in direct talks with Guyana, but the latter insists it has been already regulated with the 1899 settlement. We will demonstrate Guyana’s claim is inadmissible,” Venezuelan Vice President Delcy Rodríguez said on Thursday to the International Court of Justice in…
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