Fueling Economic Growth and Energy Security eyesonindonesia 1. Eni’s Geng North Discovery: A Game-Changer Indonesia has once again made headlines in the upstream exploration and production industry with Eni’s remarkable Geng North gas discovery in the ultra-deepwater Kutei Basin1. This significant find ranks among the top oil and gas discoveries worldwide this year. Let’s delve…
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and Common Sense eyesonsuriname Amsterdam, 19 june 2024– Suraya Jiawan-Nanan, Chief Executive Officer (CEO) of Haukes Construction Company in Suriname, is urging local businesses to elevate their standards to meet international requirements as the country prepares for a surge in its oil industry. Jiawan-Nanan, at the recent Suriname Energy Oil and Gas Summit, emphasized that achieving…
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eyesonindonesia 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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eyesonindonesia 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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Economic Development Suriname may take off eyesonsuriname Amsterdam, June 5th 2024– According to TotalEnergies, an agreement was concluded between Staatsolie NV of Suriname and the French Oil and Gas company on the field development area, maximizing the value for Suriname and the Block 58 co-venturers over the 25 years Production Period. In addition, the hull for…
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Latest Global Fossil Fuel Players eyesonsuriname Amsterdam, 27 May 2024– Namibia has the potential to replicate Suriname’s and Guyana’s success in the oil sector, said NJ Ayuk, Chairman of the African Energy Chamber. In a recent conversation with Petroleum Economist’s editor-in-chief, Paul Hickin, Ayuk praised the new oil rich countries for their rich geological resources but…
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Hopeful signs for the country eyesonsuriname Amsterdam, 20 may 2024–Petronas’ Roystonea-1 and Fusaea-1 discoveries in Block 52 offshore Suriname are estimated to hold recoverable resources approaching 400 million barrels, according to new numbers released by UK-based consultancy group Wood Mackenzie. “This could be enough to support an FPSO [floating production storage and offloading vessel] with…
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Plus 12.5 trillion Cubic Feet of Gas eyesonsuriname Amsterdam, 20 May 2024–The Consultancy Group of Wood Mackenzie has put Suriname’s oil resource count at more than 2.4 billion barrels and its natural gas resources at 12.5 trillion cubic feet (tcf). Based on WoodMac’s numbers, assuming one trillion cubic feet of gas equals 176 million barrels of…
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Growing exploration activities eyesonsuriname Amsterdam, 27 april 2024– Hess Corporation said exploration activities are planned this year for two Suriname blocks in which it holds stakes – Block 42 and Block 59. The note is part of the company’s annual report filed with the U.S. Securities and Exchange Commission. Block 42’s previous operator, Kosmos Energy, had drilled…
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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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