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Suriname Could Be Latest Big Oil Find as Industry Cuts Costs



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Suriname, Guyana and Brazil are now attracting more new investment than the Gulf of Mexico and other more established oil fields. And they are helping to keep global oil prices relatively low, undermining efforts by Russia and its allies in the Organization of the Petroleum Exporting Countries, like Saudi Arabia, to manage global supply and push up prices.In Guyana, oil companies have found more than 10 billion barrels of probable reserves of accessible oil and gas offshore, according to IHS Markit, the energy consulting firm. Production began in 2019 and is ramping up quickly. Guyana already accounts for one of the …

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