Tag: Latin America

Investment Opportunities

TotalEnergies expansion bolsters Surinames offshore oil prospects

TotalEnergies’ expansion bolsters Suriname’s offshore oil prospects – Eyes on Suriname

December 21, 2023

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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Suriname awards deepwater blocks to TotalEnergies, Shell, Petronas, QatarEnergy

Suriname awards deepwater blocks to TotalEnergies, Shell, Petronas, QatarEnergy

December 17, 2023

Staatsolie, Suriname’s state oil company, announced on December 15, that it has signed three production sharing contracts (PSC) for the offshore deepwater blocks 63, 64, and 65. The blocks were part of the Demerara bid round held from November 2022 to May 2023. Staatsolie said the contracts from the bids were signed after negotiations with…
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Ranking for success and fame is best

December 13, 2023

Now the rest eyesonsuriname Amsterdam, 12 dec 2023– Since the recent oil discoveries in the Guyana-Suriname Basin and Guyana’s colossal oil boom and skyrocketing economic growth, Suriname is impatiently watching this mouthwatering opportunity that is presented to them as well. With TotalEnergies and Apache offshore oil discoveries in Block 58, Suriname became more optimistic about…
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Exclusive with Suriname Ambassador to Indonesia Rahmat Moertabat

Exclusive with Suriname Ambassador to Indonesia Rahmat Moertabat

December 4, 2023

Javanese Diaspora Event 2023 invited Javanese descent from across the globe, including the Surinamese Ambassador to Indonesia Erick Rahmat Moertabat. Here is his story of finding a long-lost family in Yogyakarta.

Lack of financing poses greatest risk to Guyana’s local content development efforts, warns energy expert

Lack of financing poses greatest risk to Guyana’s local content development efforts, warns energy expert 

November 24, 2023

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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Argentina’s economy

Why is Argentina’s economy such a mess?

November 21, 2023

Rampant inflation, a booming black market for US dollars and crippling debt – welcome to Argentina, one of the world’s most dysfunctional economies. How did it end up like this?

Argentina Could Have Been a Superpower. Now, It’s Falling Apart.

November 21, 2023

100 years ago, Argentina was one of the wealthiest places on the planet. But then something went wrong and Argentina started a long economic downfall that has been getting worse, worse and worse ever since. But how does a country go from a future superpower to one of the most messed up economies in the…
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Suriname-Guyana Basin ranked 2nd most prospective in the world for oil

November 19, 2023

THE EARLY EXPLORATION Amsterdam, nov 2023– Onshore exploration. In both Suriname and Guyana, oil seeps were known from the 1800s, into the 1900s. Exploration in Suriname discovered oil at a 160 m depth while drilling for water in a schoolyard in Calcutta Village. The onshore Tambaredjo oil field (15-17 oAPI oil) was discovered in 1968. First oil began in…
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Why Suriname may and could matter

Why Suriname may and could matter

November 19, 2023

eyesonsuriname Amsterdam, 15 nov 2023– according to the United States Geological Survey, an estimated 13.6 billion barrels of oil and 32 trillion cubic feet of natural gas could lie in the Guyana-Suriname Basin, making it the 2nd most prospective, underexplored offshore oil basins in the world.  Experts have long suspected that the basin may share a similar…
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Fitch Upgrades Suriname's LT-FC IDR to 'CC'

Fitch Upgrades Suriname’s LT-FC IDR to ‘CC’

November 8, 2023

Fitch Ratings – New York – 16 Jul 2020: Fitch Ratings has upgraded Suriname’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘CC’ from ‘RD’. Fitch has also upgraded the issue rating on Suriname’s 2023 notes to ‘CC’ from ‘D’. KEY RATING DRIVERS The upgrades follow the completion of the “consent solicitation” to reschedule the principal…
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