Looking for Investors eyesonguyana June 8th 2025 — The humid air of Georgetown clung to everything, a familiar embrace of salt and blooming frangipani. But beneath the city’s colonial charm and the rising hum of an emergent oil economy, a different kind of pressure was building. Not from the deep offshore wells, but from the…
Read more
According to the Economist { … } eyesonsuriname Amsterdam, June 3d 2025–Not too long ago, the leading British Magazine Economist described Guyana as “about to become one of the most extreme cases” of the resource curse, referencing the rapid influx of oil revenue. But is that truly the case on the ground? The resource curse, or Dutch…
Read more
Revenues expected to reach $157 billion by 2040. eyesonsuriname Amterdam March 23rd 2025– Guyana is the only South American country featuring a sizable economic growth. It was once one of the poorest countries in the Caribbean region until major oil deposits were discovered off its coasts in May 2015. According to a 2023 report, oil production in Guyana began in December 2019 and has generated over…
Read more
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…
Read more
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…
Read more
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…
Read more
eyesonsuriname Amsterdam, 1 Feb 2024– The global upstream industry is eyeing a rebound in high-impact oil and gas drilling in 2024, with Africa and Latin America poised to be the driving forces behind these activities. According to Rystad Energy, a total of 36 high-impact wells are identified for drilling this year, marking the highest annual…
Read more
eyesonsuriname Amsterdam, 15 Jan. 2024–The Guyana-Suriname basin is projected to add 950,000 barrels of oil per day (b/d) to market supply, with four projects to come on stream in the period 2025-2028. One floating production, storage and offloading (FPSO) vessel will start operations each year in the period. 1. ONE GUYANA (Yellowtail project) – Developers: ExxonMobil,…
Read more
The European market’s evolving preference for crude oil, amidst changing global dynamics, has led to distinctions in the valuation of Guyana’s crude exports, particularly between Liza, Unity Gold, and Payara crude. Felipe Perez, Head of Latin America Fuels and Refining at S&P Global, and Pat Harrington, Latin America Crude Mortgage Editor at S&P Global, shed…
Read more
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…
Read more
