(TotalEnergies, 13.Sep.2023) — On the occasion of the meeting held in Paramaribo between Patrick PouyannĂ©, Chairman and CEO of TotalEnergies, His Excellency Chandrikapersad Santokhi, President of the Republic of Suriname, and Annand Jagesar, CEO of Staatsolie, TotalEnergies has announced the launching of the development studies for a large oil project […]
Tag: Chan Santokhi
NRGBriefs: PDVSA Debt Stood at $35bn at YE:21
(Energy Analytics Institute, 19.Jan.2022) — Energy briefs including Brazil’s President Jair Bolsonaro visiting w/ his counterparts in Suriname and Guyana to discuss oil and gas matters; and Venezuela’s state oil giant PDVSA revealing its total debt stood at $34.894bn at YE:21. LATIN AMERICA AND THE CARIBBEAN Brazil — Brazil’s President […]
SEOGS2021 Highlights : Day 1
(Energy Analytics Institute, 1.Jun.2021) — Select highlights from 1 June 2021 from the Suriname Energy, Oil and Gas Summit or SEOGS2021, and speakers from President Chandrikapersad Santokhi to Staatsolie CEO Annand Jagesar follow. Select highlights from the Suriname Energy, Oil and Gas Summit or SEOGS2021, which was held virtually from […]
Suriname Latest Big Oil Find As Industry Cuts Costs
(The New York Times, 20.Jan.2021) — The small South American country has become a hot prospect for oil companies looking to produce fossil fuels while spending less. The Atlantic waters off Guyana have become one of the world’s hottest oil-drilling zones. Now, international oil executives are looking at neighboring Suriname. […]
Suriname: The Next Oil Superpower or Failed State?
(National Interest, 21.Dec.2020) — Although 2020 will go down as one of the worst years for most countries, it was a pivotal time for Suriname. The small, Dutch-speaking South American country had a critical election; its economy was upended by poor economic management by the outgoing government; the coronavirus pandemic […]
Bright Future For Suriname And Guyana
(Petroleum Economist, 2.Dec.2020) — Crumbling oil prices and volatile energy demand have tipped Latin America into a sharp recession, exacerbated by one of the world’s worst Covid-19 mortality rates. But in Suriname and Guyana, at least, there are reasons to be cheerful. Although both countries face stark economic challenges, they […]
China Slams Pompeo For ‘Arrogance’ On LatAm Tour
(Reuters, 18.Sep.2020) — China’s embassy to Suriname on Friday accused U.S. Secretary of State Mike Pompeo of “smearing” Beijing, after Washington’s top diplomat critiqued Chinese companies’ business practices during the first stop on a four-country South America tour. In a joint appearance with newly elected Surinamese President Chan Santokhi on […]
Pompeo To Visit Guyana, Suriname, Brazil, Colombia
(US State Department, 15.Sep.2020) — Secretary of State Michael R. Pompeo will travel to Paramaribo, Suriname; Georgetown, Guyana; Boa Vista, Brazil; Bogota, Colombia; and Plano, Texas, September 17-20, 2020.  This trip will highlight the United States’ commitment to defend democracy, combat COVID-19 while revitalizing our economies in the pandemic’s wake, and strengthen security against regional threats. […]
Big Oil Sees Major Potential In Suriname
(Oilprice.com, 7.Sep.2020) — 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 elections. It saw incumbent, former military strongman and convicted murderer, Desiree Bouterse replaced by former police chief […]
Guyana And Suriname To Benefit From Joining Forces
(Energy Analytics Institute, 24.Aug.2020) — Neighboring Guyana and Suriname in South America have been well off investor’s radars until recently. The countries are now regular headlines due to offshore crude oil discoveries, which hold much prospect to change fortunes for both governments and citizens alike if managed properly and by […]
Suriname Election Soothes Investor Nerves
(Petroleum Economist, 11.Aug.2020) — The small Latin American nation of Suriname is poised for profound change. Revenues from major offshore oil discoveries announced this year could transform the country’s long-term economic prospects. And, following the resolution of an election deadlock, a new coalition government has finally wrenched power from strongman […]
Suriname Elects Santokhi As President, Brunswijk As VP
(Energy Analytics Institute, 14.Jul.2020) — Suriname elected Progressive Reform Party (VHP) front man Chan Santokhi as the country’s president and Ronnie Brunswijk, leader of the General Liberation and Development Party (ABOP), as the country’s vice president. The new government will official start work on 17 July 2020, Viren Ajodhia, energy […]
Suriname Elects New President Santokhi
(The New York Times, 13.Jul.2020) — Desi Bouterse has cast a long shadow over Suriname since its independence. Once a dictator, he returned as a populist, but fell in the face of the pandemic and an economic crisis. Suriname elected a new president on Monday, ending the long rule of […]
Suriname Awaits Drilling Of Third Apache Well Offshore
(Energy Analytics Institute, 4.Jul.2020) — Suriname, the small Dutch-speaking South America country looking to emulate the success of its immediate neighbor to the north, Guyana, is awaiting drilling results of a third well to be drilled offshore by US-based Apache Corporation and Paris-based Total. The companies have already drilled two […]
Fitch Downgrades Suriname’s IDR To ‘C’
(Fitch Ratings, 2.Jul.2020) — Fitch Ratings has downgraded Suriname’s Long-Term Foreign Currency Issuer Default Rating (IDR) to ‘C’ from ‘CCC’. KEY RATING DRIVERS The downgrade of Suriname’s Long-Term Foreign Currency IDR to ‘C’ reflects Fitch’s view that the Government of Suriname has begun a distressed debt exchange (DDE) in relation […]
The Oil Nation Aiming To Emulate Guyana’s Success
(Oilprice.com, 20.Jun.2020) — Paths to economic development might vary, ranging all the way from ruthless dictatorships hewing their way with an iron fist to established democracies laboring towards the well-being of its constituents. In terms of swift decision-making and efficiency, 20th century empirical data would rather tilt towards dictatorships with […]
Electoral Authority Confirms Bouterse Defeat
(Reuters, 16.Jun.2020) — Surinamese President Desi Bouterse, a former military ruler who has dominated the country’s politics in recent decades, lost last month’s national election, the country’s electoral authority said today after three weeks verifying the vote. Chan Santokhi, a former police commissioner and justice minister of the Progressive Reform […]
Suriname’s President Loses Election
(Reuters, 16.Jun.2020) — Surinamese President Desi Bouterse, a former military ruler who has dominated the country’s politics in recent decades, lost last month’s national election, the country’s electoral authority said on Tuesday after three weeks verifying the vote. Chan Santokhi, a former police commissioner and justice minister of the Progressive […]
Prelim Results: Opposition Winning Suriname Election
(AP, 27.May.2020) — Suriname’s main opposition party is poised to win the country’s general election, preliminary results showed on Wednesday, an outcome likely to end the longtime rule of President Desi Bouterse, who was convicted months earlier of ordering the murder of political opponents. Chan Santokhi’s Progressive Reform Party (VHP) […]