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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eyesonsuriname / oilnow A four-member parliamentary delegation from Canada arrived in Guyana on November 14, commencing a five-day visit aimed at fortifying and deepening the diplomatic relations between the two nations. The visit was facilitated through the Commonwealth Parliamentary Association (CPA). Led by prominent Canadian parliamentarians, the delegation comprises Alexandra Mendès, Assistant Deputy Speaker, and…
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Oil Galore eyesonsuriname Amsterdam, 11 November 20211–Suriname came out swinging at the launch of the 2nd Bid Round for its Shallow Offshore Acreage, promising potential bidders a collective reward of over 91 billion barrels of original oil in place. Based on the outcome of an independent prospects re-mapping study, the regarding acreage seems to include around…
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Suriname’s window of opportunity to reap the full benefits of its offshore oil and gas sector is closing fast, said Guyana’s Vice President Bharrat Jagdeo during an October 12 press conference. Jagdeo was asked to respond to reports about Guyana being used as a “negative example” of how to govern an oil industry. In his…
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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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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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Lula, the president of Brazil, speaks to his minister of Indigenous peoples, Sonia Guajajara, at the Amazon summit. Photograph: Ricardo Stuckert/Brazilian presidency/AFP/Getty Eight South American presidents including Brazil’s Lula say rich countries need to pledge more resources to help protect rainforest Tom Phillips in Belém, Patrick Greenfield and agencies Amazon leaders have called on rich…
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AFPDemonstrators, including indigenous people from Amazon countries, marched in Belém on Tuesday as the summit kicked off By Katy Watson in Belém, Brazil & Christy Cooney in London BBC News The eight countries that share the Amazon basin have fallen short of an agreed goal to end deforestation. Delegates from the countries are meeting in…
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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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eyesonsuriname Amsterdam, 16 July 2023– PETRONAS and ExxonMobil’s find in Suriname’s offshore Block 52 has promising potential to become a natural gas development, according to the state-owned oil company Staatsolie. Current models of the Guyana-Suriname Basin, as well as discoveries made to date, indicate substantial volumes of both associated and non-associated gas. We believe that natural…
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