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Tag: Energy

The newest dawn

And new hopes eyesonsuriname.com Amsterdam/ Netherlands – Paramaribo, Suriname July 3d 2022–– A brand-new chapter dawns for Suriname, quickly becoming one of the hottest new oil exploration destinations on the globe. And its President, Chandrikapersad Santokhi has opened the floodgates, inviting investors from all and sundry to help develop and share the benefits of its emerging…
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STAATSOLIE NV

30 billion barrels of oil now estimated offshore Suriname eyesonsuriname Amsterdam, Netherlands / Paramaribo, Suriname July 3d 2022–– 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 tiny fraction of what is believed to be held in…
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Suriname Recovery

Possibly Bumpy days Ahead

Reform without unrest Part V Global Capital GC: What are the key reforms that this government has undertaken and how will they affect creditworthiness? Minister Achaibersing: We are not just fixing the roof. Given what we inherited, we are called upon to build new foundations. Under President Santokhi, our government has taken immediate steps to put…
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Suriname Economic Recovery

Economic Recovery Suriname After Chaos Previous Government

Restructuring before oil FID  Part IV Amsterdam, February 18th 2022 — GC: Indeed, the projections in the IMF programme do not consider recent major offshore oil discoveries, citing the absence of clear private sector investment plans to extract these resources. How close is a final investment decision (FID) from Total and Apache on their Suriname discoveries?…
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Suriname Oil Boom

Suriname and its Oil Boom

To be or not to Be  By Heike Meinhardt Amsterdam, February 18th 2022– Given that the IMF, IDB and World Bank are supposed to help Suriname resolve its debt crisis, pushing over $1 billion in new debt worsens the problem. Upholding policies for big oil profits is reckless for Suriname’s finances and devastating for the climate.…
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Rudoph Elias Optimism

Optimism in Guyana and Suriname

Development Caution Required  Amsterdam, December 30th 2021– The South American neighbors of  Guyana and Suriname have emerged as the two most exciting oil-producing provinces of the Latin America and Caribbean region.  But with renewed calls for a quick transition to renewables given the troubling impacts of climate change over the last decade, a cloud of worry…
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Oil Rig

Big Oil has a do-or-die decade ahead because of climate change

The 2020s are poised to be to energy firms what the 2010s were to utilities—disruptive As revolutionary slogans go, it hardly had the resonance of ¡No pasarán! But when Repsol, a Spanish oil company, said in December it would reduce the net carbon footprint of everything it produces to zero within 30 years, it marked the most powerful…
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Staatsolie Suriname

Staatsolie Maatschappij Suriname N.V: Uncovering one of South America’s largest untapped oil reserve

United States Geological Survey data shows offshore Guyana-Suriname Basin to have one of the largest untapped oil reserves in South America. As Suriname’s state oil company, Staatsolie Maatschappij Suriname N.V. is set to strike big In a world that’s craving more and more energy, oil is often described as ‘liquid gold’. But as depletion of…
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Westwook Oil Rig

Westwood Global Energy Group: Appetite for finding oil not diminishing

Around the world the energy transition and extinction discussions and debates led the energy news  agendas in company boardrooms in 2019, but the impact on exploration drilling is not yet apparent, according to market research provider Westwood Global Energy Group. Westwood said on Thursday that the global high impact well count in 2019 was 91 wells,…
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