Oil exploration : Large reserves of black gold, a blessing or curse for Suriname and Guyana

Emerging as potential oil powers while the world seeks to wean itself off planet-warming fossil fuels, poverty-stricken South American neighbors Guyana and Suriname say they have to cash in while they can.   

Read more at :  https://www.france24.com      

Suriname: E-Networks to extend fibre optic submarine cable to Suriname

E-Networks has been granted permission by the Guyana Government to connect its fibre optic submarine cable to Suriname to provide for redundancy here.

A notice on the Official Gazette of Guyana website states that Prime Minister Mark Phillips on behalf of the Government has amended the telecommunications licence issued on October 5th 2020, to E-Networks. The licence was amended to grant permission to E-Networks Inc. to land, install and operate a fibre optic submarine cable that will connect Guyana to Suriname for the provision of redundant connectivity here.

Read more at: E-Networks to extend fibre optic submarine cable to Suriname - Stabroek News

Caricom: Guyana and Suriname can underpin Caricom’s sovereignty and prosperity

The presidents of Guyana and Suriname have announced two major joint venture projects whose implementation will deepen the beneficial relations between the two countries, and could have a positive effect for the 15-nation Caribbean Community (CARICOM) of which they are members.

Read more at: WORLD VIEW: Guyana and Suriname can underpin Caricom’s sovereignty and prosperity | The Tribune

Suriname: Total and Apache tout ‘significant’ oil find in Suriname waters - by Myles McCormick and David Sheppard

Oil producers Total and Apache announced a “significant oil discovery” on Tuesday that they said proves oil-rich rock formations off the coast of Guyana cross into Suriname waters, where they are exploring.

The companies heralded the potential for “prolific” oil production after drilling work at the Maka Central-1 well off the coast of the South American nation showed that the neighbouring Guyanese Cretaceous oil play — in which rival ExxonMobil has discovered billions of barrels equivalent of recoverable oil and gas — extends into local waters.

The two companies each own a 50 per cent stake in ‘Block 58’ where the well was drilled, after Total bought into it last month. Shares in Apache rose 20 per cent on the news to their highest level since May last year. Total shares were unmoved.

Read more at: Total and Apache tout ‘significant’ oil find in Suriname waters | Financial Times

Amazon fires: Brazil accepts extra planes from Chile to fight forest fires

The Amazon includes many more South American countries than just Brazil,which covers about 60% of the Amazon area.

The vast Amazon also includes Bolivia, Colombia, Venezuela, Ecuador, Peru, Guyana, Suriname and French Guiana, an overseas region of France.

These other countries, which together control 40 percent of the Amazon will be getting together soon to put forward their own unified plan to fight the raging fires.

Read more at: 

https://m.lasvegassun.com/news/2019/aug/28/brazil-accepts-planes-from-chile-to-fight-amazon-f/

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European firms keen on investing in Guyana, says new EU ambassador

Newly accredited Head of the European Union Delegation in Georgetown Robert Kopecky says there are several EU companies eager to enter Guyana with the potential for a number of “green” investments offering a way in. He made the comment to reporters last week after presenting his credentials to President Bharrat Jagdeo at the Office of the President.

“There is a lot of space to do things in the future like eco-tourism, preserving the forests, this initiative of Mr. President, low carbon; there is a bunch of European companies keen on coming to Guyana to do business in a mutually respectful way and I think … energy, given your hydro-energy potential, there is a lot of space to deepen our cooperation,” Kopecky said.

The EU envoy said his discussions with the president centred on those opportunities while they also addressed the political situation in the country. He added that Europe has noted the stability of Guyana and views with approval the term limits on the president which Jagdeo himself signed into law.

For more: CTA - Brussels Office Weblog - European firms keen on investing in Guyana, says new EU ambassador