Tag: Guyana

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Santokhi Impresses United Nations

Santokhi Impresses United Nations

Presents Hard Facts neighbouring countries once had to face. eyesonsuriname Amsterdam, 24 september 2024 — At two separate diaspora and business engagement events Saturday and Sunday evenings at different locations held for visiting Suriname’s President Santokhi, the audience was most impressed with his rattling off numbers about the country’s economy, claiming he has turned it reminiscent…
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how Guyana can avoid the curse of oil and transform its newfound wealth into prosperity and job opportunities for its people.

The Discovery of Black Gold

eyesonguyana Amsterdam, September 24th, 2024 – In 2015, Guyana’s fortunes changed dramatically with the discovery of vast offshore oil reserves. This small South American nation, known for its lush rainforests and diverse culture, suddenly found itself on the brink of an economic transformation. The potential for wealth was immense, but so were the risks. The “resource…
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Suriname Possible Key Player in global oil and gas development

So is neighbour Guyana eyesonsuriname Amsterdam, August 3rd, 2024– There is a very strong possibility Suriname could become a strong and pivotal oil and gas development player the coming years. With the potential to significantly influence global energy dynamics, according to Mr. Patrick Jelinek, a well known source in the Oil and Gas environment. According to Mr. Patrick Jelinek, the cards Guyana holds at this point of the game are so strong it’s difficult to…
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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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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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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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Guyana’s Path to Recovery After the Esequibo Annexation

Navigating Economic Waters:

Guyana’s Path to Recovery After the Esequibo Annexation eyesonsuriname 1. The Challenge: Venezuela’s Bold Move The recent annexation of the oil-rich Esequibo region by Venezuela has sent shockwaves through Guyana. This contested territory, comprising two-thirds of Guyana’s landmass, holds immense potential for economic growth. However, with Caracas eyeing offshore oil riches, Guyana faces an uphill…
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Venezuela annexes part of Guyana

Venezuela annexes oil-rich parts of Guyana

Centuries Old Territorial Dispute Flames Up  eyesonsuriname Amsterdam, 22 March 2024 — Venezuela’s National Assembly Thursday passed a law creating a new region in the oil-rich Essequibo territory under Guyanese control since the late 1800s on which Caracas claims sovereignty. The Venezuelan Parliament unanimously approved the creation of the state of Guayana Esequiba, which is…
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President Irfaan Ali and the Trilateral Agreement

Trilateral Agreement Bolsters Suriname’s Position in the Oil & Gas Arena

eyesonsuriname Suriname, nestled on the northeastern coast of South America, recently found itself in the spotlight after signing a trilateral agreement with neighboring Guyana and regional giant Brazil. This pact focuses on cooperation in the oil and gas sector, aiming to unlock mutual benefits for all parties involved. But for Suriname, this agreement holds particular…
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