eyesonsuriname Amsterdam, 30 dec 2023– The Petronas discovery in Suriname has the potential to double the basin development projects available for Exxon Mobil Corporation. Exxon Mobil Corporation (NYSE:XOM) has been developing the Guyana discoveries for some time. That is likely to continue as Guyana has some very strong allies that want Guyana just as it is now. In…
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Reuters Indonesian President Joko Widodo, Friday (24/11) inaugurated the construction of a carbon capture, utilization and storage (CCUS) project in the province of West Papua operated by British Petroleum (BP). This CCUS project in West Papua is the first carbon storage project in the country. The CCUS project has the potential to store up to…
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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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The economy has dodged a recession, but not is out of the woods yet America’s economy in 2023 provided a lesson in humility for forecasters. Before the year began, almost all predicted that it was heading for sluggish growth at best, and a recession at worst. The logic was simple: beating inflation was bound to be…
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Although artificial intelligence has been used since the 1950s, the technology has only gained in fame in the last decade as it is growing more and more out of its infancy. But when AI will actually be mature, it remains to be guessed for the time being. That makes it challenging to draw up an…
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Experts are sounding the alarm: the world is caught in a debt trap. The global mountain of debt has increased to more than 300 trillion US dollars. To cancel it out, the Earth’s population would have to work for nothing for three years. Is this a cause for concern? Will private individuals, companies and even…
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Can you put a price on the wonders of nature? Kingston-Upon-Hull, Tokyo and Shiretoko Spurn point would be a desolate place to die. Stretching five precarious kilometres into the North Sea, the constantly shifting finger of East Yorkshire coast is little more than a narrow sand bank held together by sea grass, the only obvious signs…
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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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TotalEnergies’ concerted efforts in expanding its portfolio in Suriname’s offshore basin, notably with the recent signing of a production sharing contract for Block 64 alongside QatarEnergy and Petronas, hold significant promise for the country’s offshore oil production landscape. Block 64, covering a vast expanse of 6,262 km2 and situated approximately 250 km offshore, marks TotalEnergies’ latest venture…
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Dubai COP 28 eyesonsuriname Amsterdam, December 21st 2023 –Far more than six months before COP28, the annual global climate meeting, which is in progress in Dubai, the country was already awash in environmental hype. On the highway, banners for an event hosted by the Abu Dhabi National Oil Company, the fossil fuel behemoth known as…
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