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Guyana-Suriname Basin will be important to global energy transition – Hess...

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In order for the energy needs of the world to be met, upstream investments will have to significantly increase in the coming years. Deepwater...

Struggling Venezuela opened door to new South American oil province

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Political instability and economic turmoil in Venezuela have caused its economy and oil industry to collapse. The country’s highest-ever oil production occurred in 1998...

Suriname President confirms FID targeted for 2022, first oil by 2025

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President of Suriname, Chandrikapersad Santokhi confirmed on Tuesday that Total and partner Apache will move forward with their final investment decision at Block 58...

Suriname oil summit opens with focus on major offshore potential

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Suriname Energy Oil & Gas Summit 2021 virtual edition got underway on Tuesday with the South American country’s massive deepwater potential taking centre-stage in...

Guyana and Suriname have reached ‘developmental take-off speed’ – analysts

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Nestled on the north coast of South America, Guyana and Suriname are among the smallest of the countries on the continent. But with the...

Emerging play options shrinking, Guyana & Suriname account for over 50%...

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Emerging play options around the world are shrinking with over 50% of such wells planned for 2021 located in the Guyana-Suriname basin where over...

Guyana ranks first for total resources discovered since 2015, Suriname takes...

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Guyana has emerged as the world’s most exciting new oil province since a major offshore discovery in 2015 placed the country in the spotlight....

Officials in South America’s newest multi-billion-barrel oil & gas basin advancing...

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A delegation from Guyana is currently in neighbouring Suriname to further discuss advancing areas of cooperation through the Strategic Dialogue and Cooperation Platform (SCDP)....

U.S. Geological Survey may have grossly underestimated massive Guyana-Suriname basin potential

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The U.S. Geological Survey (USGS) assessed the potential for undiscovered conventional oil and gas fields within priority geologic provinces of South America and the...

Suriname had largest farm-out discovery in 2020, emerging plays carrying premium...

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The deal flow in the farm-out market was at an all-time low in 2020 although the success rates from wells drilled were at a...