Recent discoveries offshore Guyana and Suriname
Letter from South America: Guyana and Suriname poised for change
The enormous exploration success of recent years leaves the South American neighbours at a crossroads
Guyana and Suriname are unique places, and not just because of the recent oil boom. For centuries sugarcane production dominated the coastal areas, split between colonies controlled by the British and the Dutch, while the interior was left much as it was before Columbus made his trans-Atlantic journey. Both colonial powers left an indelible mark on the two countries in terms of language and, most notably, demographics. Forced migrations resulted in heterogenous societies that have influences from India, Java and the African continent. Politics are interesting, to say the least. The normal pace of life in the region changed dramatically in 2015. Before then, Guyana had not seen any success
Also in this section
8 August 2025
The producers’ group missed its output increase target for the month and may soon face a critical test of its strategy
7 August 2025
The quick, unified and decisive strategy to return all the barrels from the hefty tranche of cuts from the eight producers involved in voluntary curbs signals a shift and sets the tone for the path ahead
7 August 2025
Without US backing, the EU’s newest sanctions package against Russia—though not painless—is unlikely to have a significant impact on the country’s oil and gas revenues or its broader economy
6 August 2025
Diesel market disruptions have propelled crude prices above $100/bl twice in this century, and now oil teeters on the brink of another crude quality crisis
