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Tag: Guyana-Suriname Basin

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Oil Exploration on the Rise in the Guyana-shield

eyesonsuriname Amsterdam, 1 Feb 2024– The global upstream industry is eyeing a rebound in high-impact oil and gas drilling in 2024, with Africa and Latin America poised to be the driving forces behind these activities. According to Rystad Energy, a total of 36 high-impact wells are identified for drilling this year, marking the highest annual…
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Suriname and Guyana add 1.000.000 barrels of oil a day

Suriname and Guyana add 1.000.000 barrels of oil a day

eyesonsuriname Amsterdam, 15 Jan. 2024–The Guyana-Suriname basin is projected to add 950,000 barrels of oil per day (b/d) to market supply, with four projects to come on stream in the period 2025-2028. One floating production, storage and offloading (FPSO) vessel will start operations each year in the period. 1.  ONE GUYANA (Yellowtail project)    – Developers: ExxonMobil,…
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Heavier Payara crude may be pricier than Liza’s due to Europe’s preference – S&P

Heavier Payara crude may be pricier than Liza’s due to Europe’s preference – S&P

The European market’s evolving preference for crude oil, amidst changing global dynamics, has led to distinctions in the valuation of Guyana’s crude exports, particularly between Liza, Unity Gold, and Payara crude. Felipe Perez, Head of Latin America Fuels and Refining at S&P Global, and Pat Harrington, Latin America Crude Mortgage Editor at S&P Global, shed…
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Suriname Prepares for South America’s Next Big Oil Boom

Suriname Prepares for South America’s Next Big Oil Boom

eyesonsuriname Amsterdam, dec 21st 2023–After grappling with a lengthy political and economic crisis the government of Suriname pinned hopes of an economic recovery on a massive offshore oil boom. French supermajor TotalEnergies and APA Corporation have made five high-quality oil discoveries since 2020 in Suriname’s offshore Block 58. The discoveries ignited dreams of a transformational oil…
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Major wells to be targeted in Guyana, Suriname and Jamaica next year – S&P Global

Major wells to be targeted in Guyana, Suriname and Jamaica next year

The global landscape for high-impact wells (HIWs) in 2024 is poised for significant activity, with a predominant focus on the Caribbean, Latin America and Africa, according to a new S&P Global Commodity Insights report. This follows a successful 2023, where 32 HIWs yielded 11 discoveries, amassing an impressive 2.7 billion barrels of recoverable oil equivalent…
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Ranking for success and fame is best

Ranking for success and fame is best

Now the rest eyesonsuriname Amsterdam, 12 dec 2023– Since the recent oil discoveries in the Guyana-Suriname Basin and Guyana’s colossal oil boom and skyrocketing economic growth, Suriname is impatiently watching this mouthwatering opportunity that is presented to them as well. With TotalEnergies and Apache offshore oil discoveries in Block 58, Suriname became more optimistic about…
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David Goldwyn

Lack of financing poses greatest risk to Guyana’s local content development efforts, warns energy expert

Guyana faces a critical obstacle hindering the participation of local businesses in the country’s local content development initiatives – the challenge of accessing crucial financing. This issue threatens to undermine the entire local content effort vital for the nation’s economic growth, as highlighted by energy expert David Goldwyn, renowned for his experience in the U.S.…
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Suriname-Guyana Basin ranked 2nd most prospective in the world for oil

Suriname-Guyana Basin ranked 2nd most prospective in the world for oil

The Early Exploration Amsterdam, nov 2023– Onshore exploration. In both Suriname and Guyana, oil seeps were known from the 1800s, into the 1900s. Exploration in Suriname discovered oil at a 160 m depth while drilling for water in a schoolyard in Calcutta Village. The onshore Tambaredjo oil field (15-17 oAPI oil) was discovered in 1968. First oil began in…
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Apache LNG Suriname

Apache Says Talks Advancing on Floating LNG Site Between Guyana, Suriname

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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A conversation with TotalEnergies Chairman and CEO Patrick Pouyanné

A conversation with TotalEnergies Chairman and CEO Patrick Pouyanné

In this edition of #ACFrontPage, TotalEnergies Chairman and CEO, Patrick Pouyanné, joined the Atlantic Council to discuss industry’s role in an inclusive and sustainable energy transition. For further information, please visit: https://www.atlanticcouncil.org/event…