Old Wounds never Die @eyesonsuriname Amsterdam, 18 March 2022–Venezuelan leader Nicolás Maduro and opposition leader Juan Guaidó disagree on much. But last month, the two opponents agreed on at least one thing — where Venezuela’s border begins — and neighboring Guyana is not happy. During talks in Mexico brokered by Norway, Maduro and Guaidó agreed…
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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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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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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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ESG opportunity in restructuring Part I globalcapital / eyesonsuriname Amsterdam, February 15th 2022== Suriname’s debt workout has the ingredients to be a fascinating case study for sovereign restructuring. GlobalCapital spoke exclusively to the two ministers leading creditor negotiations, Armand Achaibersing (l) and Albert Ramdin (r). Suriname is only just pulling out of a deep recession,…
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Together in the Oil and Gas Business eyesonsuriname Amsterdam, Jan 31st 2022– Brazil is betting strongly to become the main player in the development of oil and gas production in its northeast corner, where the state of Amapá shares proximity with French Guiana, Suriname, and Guyana, these two of which are set to become significant…
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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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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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Continued success offshore the South American country of Guyana is once again playing a major role in the addition of discovered volumes and value creation for US oil major ExxonMobil and its Stabroek Block co-venturers, Hess and CNOOC. “ExxonMobil can be declared explorer of the year for a second year in a row thanks to…
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The last several years have been a difficult time for Apache Corporation. The company has seen its stock price plummet – like many of its peer companies – as the U.S. industry’s success in creating a new abundance of both oil and natural gas has led to chronic low commodity prices. That in turn has…
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