Bristow Highlights Headwinds Amid Opportunities in Nigeria, Brazil and Suriname

HOUSTON, TEXAS (Editors at Energy Analytics Institute, 26.Feb.2025) — Bristow Group Inc., a global provider of innovative and sustainable vertical flight solutions, expects market conditions to remain constructive in 2025-26 amid headwinds facing the global energy sector. “Increased activity in the offshore energy industry, a tighter equipment market, and inflationary […]

CERAWeek by S&P Global: Houston, 10-14 Mar. 2025

HOUSTON, TEXAS (S&P Global, 10.Feb.2025) — The 43rd annual gathering of CERAWeek by S&P Global—the world’s preeminent energy conference—will convene energy industry leaders, experts, government officials and policymakers, as well as leaders from the technology, financial and industrial communities, 10-14 Mar. 2025 in Houston. CERAWeek 2025: Moving Ahead: Energy strategies for […]

Suriname 1Q:25 NRG Prospector [PDF Download]

PANAMA CITY, PANAMA (Piero Stewart and Pietro D. Pitts, Energy Analytics Institute, 2.Feb.2025) — Nestled on the northeaster coast of South America, Surname is a small yet resource rich country poised to emerged as a vital player in the Latin America and Caribbean energy and extractive sectors. Recent developments offshore […]

EAI Reveals 2025 Editorial Calendar and SPAD Opportunities

HOUSTON, TEXAS (Editors at Energy Analytics Institute, 29.Jan.2025) — Energy Analytics Institute (EAI), formerly LatinPetroleum.com, revealed its editorial calendar for 2025, which offers sponsorship and advertising (SPAD) opportunities to companies interested in the energy sectors in the Latin America and Caribbean (LAC) region in particular and the global energy sectors […]

TotalEnergies Ups Reserves Estimate in Block 58

PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 28.Jan.2025) — TotalEnergies SA said the Sapakara and Krabdagu oil discoveries offshore Suriname hold recoverable reserves estimated at nearly 760 million barrels, up from an earlier estimate of over 750 million barrels. The GranMorgu project in Block 58 will develop the Sapakara […]

LatAm NRG Heard: Mexico 2nd Energy Sector Laws, Drill Baby Drill’s Return

HOUSTON, TEXAS (Editors at Energy Analytics Institute, 17.Jan.2025) — LatAm and other NRG highlights, headlines and “heard on the street,” for the week ended 17 Jan. 2025. —Argentina: The gov’t of president Javier Milei is starting the privatization process for Argentina’s national highways and routes. —Ecuador: Ecuador’s EP PetroEcuador says […]

EVENT: Unlocking the Potential of Suriname

HOUSTON, TEXAS (Editors at Energy Analytics Institute, 16.Jan.2025) — Under the theme “Unlocking the Potential of Suriname: A Path Towards Growth and Prosperity,” IBC 2025 in Paramaribo will bring together local and international stakeholders for a three-day B2B conference.  The event will highlight investment opportunities, showcase innovative solutions, and foster […]

EAI 4Q:24 NRG Prospector [FREE PDF Download]

HOUSTON, TEXAS (Editors at Energy Analytics Institute, 1.Jan.2025) — Download the 4Q:24 NRG Prospector eMagazine with updates, analysis, features, briefs and “heard on the street” from Argentina, Brazil, Bolivia, Canada, Chile, Colombia, Ecuador, Guyana, Mexico, Suriname, Trinidad and Tobago, the US and Venezuela, as well as Asia, Europe and Africa […]

ExxonMobil Withdraws from Suriname Block 52

(Piero Stewart, Energy Analytics Institute, 20.Nov.2024) — ExxonMobil Exploration & Production Suriname B.V.  formally notified Suriname’s state-owned Staatsolie that it will withdraw from Suriname offshore Block 52 with an effective date of 14 Nov. 2024.  The withdrawal is part of ExxonMobil’s ongoing evaluation of assets in its global portfolio, Staatsolie said […]

LatAm NRG Matters: Highlights, Heard for the Week Ended 15 Nov. 2024

(Energy Analytics Institute, 15.Nov.2024) — LatAm NRG highlights, headlines and “heard on the street,” for the week ended 15 Nov. 2024. —Argentina: The Argentine govt changed the name of the Gasoducto Néstor Kirchner to Gasoducto Perito Moreno. —Ecuador: Ecuador eyes exporting 7,920,000 bbls between Nov. 2024-Jan. 2015, which will generate […]

Saipem Inks $1.9bn Contract for GranMorgu Offshore Suriname

CARACAS, VENEZUELA (Piero Stewart, Energy Analytics Institute, 14.Nov.2024) — Saipem has been awarded an $1.9bn EPCI contract by TotalEnergies subsidiary TotalEnergies EP Suriname B.V. for the subsea development of the GranMorgu project offshore Suriname. Saipem’s scope of work entails the engineering, procurement, supply, construction, installation, pre-commissioning and assistance for the […]

TechnipFMC Bags iEPCI Contract for TotalEnergies’ GranMorgu Offshore Suriname

(Piero Stewart, Energy Analytics Institute, 14.Nov.2024) — Technology provider TechnipFMC has been awarded a major integrated Engineering, Procurement, Construction, and Installation (iEPCI) contract by TotalEnergies for its GranMorgu project on Block 58 offshore Suriname. TechnipFMC classifies a “major” contract as one with a value that exceeds $1bn. The contract with […]

Suriname First Development Boosted

(Energy Analytics Institute, 8.Sep.2024) — APA Corporation recently provided additional details around the final investment decision (FID) taken offshore Suriname with its French partner TotalEneriges.  The development is the first deep oil development offshore Suriname.  Appraisal drilling confirmed gross estimated recoverable resources of more than 750 million barrels of oil, […]

TotalEnergies Takes $10.5bn FID for the GranMorgu Development on Block 58

PARAMARIBO, SURINAME (TotalEnergies, 1.Oct.2024) — Patrick Pouyanné, Chairman and CEO of TotalEnergies, met today in Paramaribo with His Excellency Chandrikapersad Santokhi, President of the Republic of Suriname, and Annand Jagesar, CEO of Staatsolie Maatschappij Suriname N.V., Suriname’s National Oil Company, to announce the final investment decision (FID) for the “GranMorgu” […]

Petrobras and Staatsolie Maatschappij Suriname N.V. Ink MOU

HOUSTON, TEXAS (Energy Analytics Institute, 26.Sep.2024) — Brazilian energy giant Petrobras signed a non-binding memorandum of understanding (MOU) with its Surinamese counterpart Staatsolie Maatschappij Suriname N.V. aimed at assessing cooperation opportunities in the areas of hydrocarbon exploration and production, carbon capture, new energy sources, contingency response planning, among others. The […]

QatarEnergy Boosts Participation Offshore Suriname

(QataEnergy, 18.Jul.2024) — QatarEnergy signed an agreement with Chevron to acquire a 20% working interest in a production sharing contract for block 5 offshore Suriname. Pursuant to the signed agreement, Chevron (the operator) will retain a 40% interest, while Paradise Oil Company, an affiliate of Suriname’s national oil company “Staatsolie”, will […]

SEOGS: The Next Stage of Success

(SEOGS, 3.Jun.2024) — Taking place from 4-7 Jun. 2024, SEOGS will be hosted by Staatsolie under the theme: The Next Stage of Success. SEOGS  is the market leading energy and offshore event in Suriname and one the largest energy events in the Caribbean attracting a regional and international audience.  With the first developments on the […]

EAI’s NRGBriefs: Feb. 2024

(Energy Analytics Institute, 29.Feb.2024) — Energy briefs as well as others related to finance and projects during Feb. 2024 including Exxon Mobil and CNOOC considering their pre-emption rights to Hess Corp.’s stake in the offshore Stabroek Block; increases in electricity for the majority of the Edenor and Edesur users are […]

EAI’s NRGBriefs: January 2024

(Energy Analytics Institute, 31.Jan.2024) — Energy briefs as well as others related to finance and projects during Jan. 2024 including Washington reviewing its sanctions policy on Venezuela; QatarEnergy confirming that Qatar’s LNG production continues uninterrupted; Evercore ISI continuing on Biden’s moves to pause on LNG export terminal approvals; an S&P […]

EAI’s NRGBriefs: Dec. 2023

(Energy Analytics Institute, 31.Dec.2023) — Energy briefs as well as others related to finance and projects during Dec. 2023 including why Venezuela wants to annex the Essequibo; Petrobras acquiring 29 blocks in the Pelotas basin in the 4th Permanent Concession Offer Cycle of the National Agency of Petroleum, Natural Gas […]

Welligence Says Hess Gives Chevron Atlantic Margin Exposure

(Energy Analytics Institute, 23.Oct.2023) — US-based Chevron Corporation will acquire Hess Corporation for US$60bn (including net debt), the second giant transaction of Oct. 2023 following the $65bn move by ExxonMobil to acquire Pioneer Natural Resources Company, both in all-stock transactions, Welligence Energy Analytics wrote 23 Oct. in a social media […]

APA Reveals 3Q:23 Guidance, Schedules Results Conference Call 

(APA, 5.Oct.2023) — APA Corporation (Nasdaq: APA) provided supplemental information regarding certain third-quarter 2023 financial and operational results. This information is intended only to provide additional information regarding current estimates management believes will affect results for the third-quarter 2023. It is provided to assist investors, analysts, and others in formulating […]

EAI’s NRGBriefs: Feb. 2023

(Energy Analytics Institute, 23.Feb.2023) — Energy briefs as well as others related to finance and politics during February 2023 including Repsol commenting on improvement of prospects for operations in Venezuela; earnings updates and webcasts from Pemex, Noble Corporation, bp, Repsol and TotalEnergies; Venezuela reactivates first drilling rig, the PDVEN-778, in […]

APA Corp. Provides 4Q:22 Supplemental Info., Schedules Conf. Call

(APA Corporation, 18.Jan.2023) — APA Corporation (Nasdaq: APA) provided supplemental information regarding certain fourth-quarter 2022 financial and operational results. This information is intended only to provide additional information regarding current estimates management believes will affect results for the fourth-quarter 2022. It is provided to assist investors, analysts and others in […]

Energy Analytics Institute’s NRGBriefs: November 2022

(Energy Analytics Institute, 30.Nov.2022) — Energy briefs as well as others related to finance and politics during November 2022 including Brazilian oil giant Petrobras launching its strategic plan for 2023-27; US Secretary of State Antony Blinken welcoming resumption of Venezuelan-led negotiations in Mexico City between the ruling party and opposition […]

Suriname: Demerara Bid Round 2022/2023

(SHI, 28.Nov.2022) — Staatsolie Hydrocarbon Institute (SHI), a wholly owned subsidiary of Staatsolie Maatschappij Suriname N.V., announced the launch of a competitive bid round of six new blocks in the currently sparsely explored Demerara acreage of Suriname. The blocks are located east to the current offshore discoveries and have a […]

Energy Analytics Institute’s NRGBriefs: September 2022

(Energy Analytics Institute, 30.Sep.2022) — Energy briefs as well as others related to finance and politics during September 2022 including EXMAR closing the sale of the floating liquefaction barge Tango FLNG to Eni; the Venezuelan government officially regaining control of the petrochemical company Monómeros, a subsidiary of the state-owned PDVSA; […]