Can Suriname Replicate Guyana’s Oil Boom?
The Guyana-Suriname Basin is quickly emerging as one of the most prolific offshore oil regions in the world. Guyana has had tremendous success in its ventures with Big Oil in Continue Reading
Suriname Prepares Major Oil Block Offering
Suriname is preparing to tender some 60 percent of its offshore blocks over the next 12 months, Reuters reported this week, citing a vice-president of the state oil firm, Staatsolie. Continue Reading
TotalEnergies Announces Major Oil Discovery Offshore Suriname
TotalEnergies and its partner APA Corporation have made significant oil and associated gas discovery offshore one of the hottest basins for major oil finds in recent years, the Guyana-Suriname Basin Continue Reading
Could Suriname Become The Next Oil Hotspot In Latin America?
Suriname is hoping to replicate the hydrocarbon success being enjoyed by neighboring Guyana. The country’s vast hydrocarbon potential could be a boon to its struggling economy. While Suriname’s offshore petroleum Continue Reading
The Next South American Oil Giant
The COVID pandemic has wreaked considerable damage on the economies of South America’s smaller fiscally fragile countries, with the former Dutch colony of Suriname hit especially hard. During 2020 the Continue Reading
The Only Venue Where Oil Majors Will Still Spend Big
Oil majors may be slashing spending and deferring development plans across the globe, but they remain committed to developing the newest offshore oil finds in the heart of Latin America. Continue Reading
Suriname Hopes To Become South-America’s Newest Oil Exporter
As Guyana prepares to become a major oil production nation the spotlight is firmly on the Guyana-Suriname Basin and the former British colony’s neighbor Suriname. After decades of poor drilling Continue Reading
The Guyana-Suriname Basin Could Be The Last Big Oil Boom
The tiny South American countries of Guyana and Suriname are the focus of Latin America’s latest oil boom. A slew of oil discoveries by ExxonMobil since 2015 in its offshore Continue Reading
Oil Majors Are Eyeing A Suriname Offshore Boom
Majors are eying Suriname as the next big oil player. With recent success in neighbouring Guyana, Suriname offers hope for low-cost oil exploration and production going into 2021. Exxon Mobil, Continue Reading
The Hottest Oil Basin In The World
What is fast becoming the world’s hottest offshore oil play, the Guyana-Suriname Basin, has entered the headlines once again. Hot on the heels of ExxonMobil and its partner Malaysian state-controlled Continue Reading
Total, Apache Make Yet Another Oil Discovery Offshore Suriname
Total and Apache Corporation have made their fourth oil and gas discovery offshore Suriname in the Guyana-Suriname basin, the French supermajor said on Thursday. The discovery adds to numerous other Continue Reading
Exxon Makes First Promising Offshore Discovery Off Suriname
ExxonMobil and its partner Petronas have discovered oil and gas offshore Suriname, which adds to Exxon’s numerous discoveries offshore Guyana in the same Guyana-Suriname basin, the U.S. supermajor said on Continue Reading
Big Oil Sees Major Potential In Suriname
Suriname is one of Latin America’s poorest countries. Up until July 2020, the former Dutch colony was mired in a political crisis that emerged from the hotly contested May parliamentary Continue Reading
Apache Compensates For Poor Earnings With A Major Oil Discovery
Last year, shale driller Apache Corp. (NYSE: APA) made waves after it sacked one of the most iconic CEOs in the shale patch, Steven Keenan. Keenan was reportedly shown the Continue Reading
The World’s Newest Oil Boom Is Facing A Major Problem
After a series of major offshore oil discoveries since 2015, with the largest ever made earlier this year, the tiny South American country of Guyana has become a hotspot for Continue Reading
The last frontier: oil industry scales back exploration
Suriname may be one of the smallest countries in Latin America, with a population of fewer than 600,000 people, but off its coast lie potentially significant oil and gas deposits Continue Reading
Striking Oil Ain’t What It Used to Be
An oil rig in Guanabara Bay, Brazil, June 2015 On January 7, the oil and gas companies Apache Corporation and Total SA announced a major oil find off the coast Continue Reading
How Important Is The Suriname Oil Discovery?
The discovery of the Maka field in offshore Suriname will become one of the main upstream stories of 2020, bringing Suriname onto the international oil map, potentially spawning a new Continue Reading
Apache, Total make ‘significant’ oil, gas find offshore Suriname
Apache and France’s Total said Tuesday they have struck what they call a “significant” oil and gas discovery offshore Suriname, the first sizable find in that country after several years Continue Reading
Two Majors Join Forces In The Next Great Oil Frontier
Apache Corp. and French Total have struck a deal to jointly explore for oil offshore Suriname. Each will have 50 percent in the venture, with Apache leading as operator of Continue Reading
Norway’s Statoil moves closer to South American oil prize
Norwegian energy company Statoil said Friday it extended its reach beyond Norway to acquire stakes in what could be one of South America’s biggest prizes. Statoil took a 33.3 percent Continue Reading