(Trinidad and Tobago Energy Chamber, 15.Dec.2022) — The Trinidad and Tobago Energy Conference takes place at the Hyatt Regency in Port of Spain from 23-25 January 2023. Background The oil and gas industry has a central role to play in the energy transition globally, regionally and locally. Over the past […]
Category: Suriname
Awalé Files Technical Report For NW Goliath Project in Suriname
(AwalĂ©, 15.Dec.2022) — AwalĂ© Resources Limited (TSXV: ARIC) has filed a technical report regarding the Northwest Goliath Project in Suriname. This prospective gold project, along trend from the Rosebel Mine in Suriname, forms part of the acquisition of Colossal Gold Resources Limited by AwalĂ© (the “acquisition”) pursuant to a letter […]
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 […]
APA Corp. Deems Awari Well on Block 58 Non-commerical
(APA Corp., 28.Nov.2022) — APA Corporation (Nasdaq: APA) provided an update on exploration activities in Block 58 offshore Suriname. Drilling operations have concluded at the Awari exploration prospect in the previously untested northwest portion of Block 58. The well was deemed noncommercial. APA holds 50% working interest, while TotalEnergies is […]
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 MonĂłmeros, a subsidiary of the state-owned PDVSA; […]
Maersk Drilling Inks One-well Extension for Drillship Offshore Suriname
(Maersk Drilling, 22.Sep.2022) — TotalEnergies E&P Suriname, Suriname Branch has exercised an option to add the drilling of one additional well in Block 58 offshore Suriname to the work scope of the drillship Maersk Valiant. The contract extension is expected to commence in January 2023, in direct continuation of the rig’s […]
![Suriname-Guyana Basin Gas Resources Estimated at 14 Tcf [PDF Downloads]](https://energy-analytics-institute.org/wp-content/uploads/2023/04/suriname-cover-source-staatsolie.png)
Suriname-Guyana Basin Gas Resources Estimated at 14 Tcf [PDF Downloads]
(Energy Analytics Institute, 29.Aug.2022) — A subsurface Suriname-Guyana Basin-wide concept study was performed incorporating historical well data and highlighting the presence of great quantities of gas resources. These estimated resources are in order of 14 Tcf with a 90% probability, state-owned Staatsolie announced 29 Aug. 2022 in its 2021 annual […]
APA Corp. Reveals First Find in Suriname Block 53; Plugs Dikkop
(APA Corp., 23.Aug.2022) — APA Corporation (Nasdaq: APA) announced an oil discovery offshore Suriname at Baja-1 in Block 53 and provided an update on recent drilling operations at Dikkop-1 in Block 58. Block 53 Baja-1 was drilled to a depth of 5,290 meters (17,356 feet) and encountered 34 meters (112 […]
APA Corp. Keeps 2022 Capex Unchanged at $1.725bn
(APA Corporation, 3.Aug.2022) — APA Corporation (Nasdaq: APA) announced its financial and operational results for the second-quarter 2022. APA reported net income attributable to common stock of $926mn, or $2.71 per diluted share. When adjusted for items that impact the comparability of results, most notably a $129mn release of tax […]
NRGBriefs: Argentina’s Econ. Minister Resigns; Colombia’s New Environmental Minister
(Energy Analytics Institute, 2.Jul.2022) — Energy and economic briefs including Argentina’s Economic Minister MartĂn Guzmán resigning from his position on 2 July 2022, according to a letter he posted on his Twitter account; Colombia’s president-elect Gustavo Petro appointing Susana Muhamad, an environmental activist, to head the country’s new Environmental Ministry; […]
Trinidad Minister Young Participates in Ministerial Roundtable
(TT MEEI, 28.Jun.2022) — Honourable Minister Stuart Young participated in the Ministerial Roundtable titled, “A Bright Future Through Energy” at the Suriname Energy, Oil and Gas Summit 2022 on 28 June 2022. Minister Young opened discussions by referencing a Journal of Petroleum Technology (JPT) article which highlighted an example of […]
NRGBriefs: SEOGS 2022 Kicks Off; Petrobras CEO Takes Office
(Energy Analytics Institute, 28.Jun.2022) — Energy briefs including new Petrobras CEO Caio Mário Paes de Andrade starting his new job in Rio de Janeiro; and the opening of the 2nd edition of the Suriname Energy, Oil & Gas Summit & Exhibition (SEOGS) in the South American country’s capital Paramaribo. LATIN […]
Heritage, Paria, and Staatsolie Ink MoU
(Heritage, 27.Jun.2022) — Earlier today, a Memorandum of Understanding (MoU) between Heritage Petroleum Company Limited, Paria Fuel Trading Company Limited, and Staatsolie Maatschappij Suriname N.V. was executed in Paramaribo, Suriname on the sidelines of the Suriname Energy, Oil and Gas Summit. The MoU establishes a framework for cooperation amongst three […]
NRGBriefs: Caribbean Monthly Economic Report June 2022
(Energy Analytics Institute, 24.Jun.2022) — Energy briefs including economic details not limited to inflation reaching 11.2% y/y in 1Q:22 in the Cayman Islands, Hurricane Agatha causing severe flooding in Cuba in June 2022; Guyana’s Natural Resource Fund hitting $643.98mn in May 2022; Suriname’s real GDP growth is expected to reach […]
Asco to Support Operations in Suriname
(Asco, 24.Jun.2022) — Global integrated logistics and materials management company, ASCO signed an agreement with Kuldipsingh Port to provide technical expertise for its supply base operations, playing a major role in Suriname’s energy industry. The agreement will see the Aberdeen headquartered company support new oil and gas developments in offshore […]
Suriname’s Natural Resources Minister Comments before SEOGS 2022
(SEOGS, 22.Jun.2022) — Suriname’s Minister of Natural Resources H.E. David Abiamofo spoke about the South American country’s energy sector and potential during an interview prior to the start of the Suriname Energy, Oil & Gas Summit & Exhibition (SEOGS) which takes place 28-30 June 2022 in the country’s capital Paramaribo. […]
Diverse Companies See Opportunities in “Oil and Gas” Summit
(SEOGS, 21.Jun.2022) — With more than 500 participants, the exhibition that is linked to the second edition of the Suriname, Energy, Oil and Gas Summit (SEOGS) seems to be the ideal place for networking, information and business. Two diverse, but highly motivated, companies that have chosen to participate in the […]
NRGBriefs: APA, Total Drill Dikkop Off Suriname; Pemex Output Goals
(Energy Analytics Institute, 21.Jun.2022) — Energy briefs including APA Corporation and TotalEnergies drilling the Dikkop exploration well in the central portion of Suriname’s Block 58 with the Maersk Valiant. LATIN AMERICA AND THE CARIBBEAN Mexico — State-owned Pemex expects oil and condensate production, w/ contributions from partners, to exit 2022 […]
APA Corp., TotalEnergies Announce Test Results at Krabdagu Discovery Well
(APA Corp., 21.Jun.2022) — APA Corporation (Nasdaq: APA) announced flow test results from the Krabdagu exploration well (KBD-1) on Block 58 offshore Suriname. APA Suriname holds a 50% working interest in the block, with TotalEnergies (TTE), the operator, also holding a 50% working interest. Flow test data collected in the […]
Maersk Drilling Secures One-Well Extension for Maersk Valiant
(Maersk, 16.Jun.2022) — TotalEnergies E&P Suriname, Suriname Branch has exercised an option to add the drilling of one additional well in Block 58 offshore Suriname to the work scope of the drillship Maersk Valiant. The contract extension has an estimated duration of 100 days, with work expected to commence in […]
APA Corp. Finds Water at Rasper Well in Block 53 Offshore Suriname
(APA Corp., 13.Jun.2022) — APA Corporation (Nasdaq: APA) provided results from recent drilling operations on Suriname Block 53. APA Suriname, the operator, holds a 45% working interest in the block, with Petronas holding a 30% working interest and CEPSA holding a 25% working interest. APA has completed operations on the […]
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NRGBriefs: Suriname Energy Oil & Gas Summit 2022 [Program Attached]
(Energy Analytics Institute, 8.Jun.2022) — Energy briefs including Suriname preparing to host its premier event: 2nd Suriname Energy Oil & Gas Summit to be held 28-30 June 2022 in Paramaribo; and an Energy Analytics Institute (EAI) quick takeaway regarding Trinidad and Tobago using natural gas production to feedstock for the […]
Why The Oil Bonanza Offshore Guyana Has Global Implications
(Forbes, 7.Jun.2022) — The world’s thirst for crude oil continues to grow, as exemplified by the big, 5.1 million-barrel draw from U.S. crude inventories announced by the Energy Information Administration (EIA) last week. Referring to the current historically high prices for oil and refined products, one analyst, Amrita Sen from Energy Aspects, […]
NRGBriefs: SEOGS 2022; Cascadura Separators Ready for Shipment
(Energy Analytics Institute, 2.Jun.2022) — Energy briefs including the upcoming Suriname Energy, Oil & Gas Summit and Exhibition; and Touchstone Exploration preparing to receive the separators for the Cascadura facility that will be shipped from Alberta, Canada to Trinidad and Tobago. LATIN AMERICA AND THE CARIBBEAN Colombia — Celsia intensifies […]
NRGBriefs: Petrobras EBITDA; LatAm Disintegration; Suriname’s Blk 58
(Energy Analytics Institute, 6.May.2022) — Energy briefs including Brazil’s state oil giant PetrĂłleo Brasileiro S.A. (Petrobras) reporting earnings before interest, taxes, depreciation and amortization of $15.1bn in 1Q:22; energy and other disintegration in the Latin America and Caribbean (LAC) region; APA Corporation and TotalEnergies said getting closer to achieving their […]
APA Corp. Reports 1Q:22 Production of 404,000 BOE/D
(APA Corporation, 4.May.2022) — APA Corporation (Nasdaq: APA) announced its financial and operational results for the first-quarter 2022. APA reported net income attributable to common stock of $1.9bn, or $5.43 per diluted share. When adjusted for items that impact the comparability of results, most notably the gains on the closing […]
NRGBriefs: Marathon’s Equatorial Guinea Output; Murphy on Brazil and Mexico
(Energy Analytics Institute, 4.May.2022) — Energy and political briefs including Marathon Oil reporting 1Q:22 production from Equatorial Guinea of 64 net Mboe/d; the US providing over $6mn in additional humanitarian assistance to support Venezuelan refugees and migrants, and their host communities in Chile; and US Department of State Assistant Secretary […]
NRGBriefs: FMC LatAm Sales; Rig Mobilized in Suriname
(Energy Analytics Institute, 2.May.2022) — Energy briefs including FMC Corp.’s LatAm sales rising 31% YOY in 1Q:22 “driven by robust volume growth in soybean, corn and sugarcane as well as price rises and a 6% currency tailwind”; Enel AmĂ©ricas (NYSE: ENIA) filing its 2021 annual report on Form 20-F w/ the […]
NRGBriefs: The Vennie-Trini Gas Dilemma; TotalEnergies’ 1Q:22 Results
(Energy Analytics Institute, 28.Apr.2022) — Energy briefs including Venezuela’s inability to develop its gas sector presenting a massive opportunity for neighboring Trinidad and Tobago with its already well-established gas economy and massive four-train Atlantic LNG export complex; Paris-based TotalEnergies reporting 1Q:22 financial results; and Spanish oil giant Repsol reporting production […]
Staatsolie and Chevron Ink PSC for Suriname Shallow Offshore Block 7
(Staatsolie, 27.Apr.2022) — Staatsolie Maatschappij Suriname N.V. expanding their cooperation in shallow offshore Suriname. A production sharing contract for offshore Block 7 was signed for this purpose on 26 April 2022. With the signing of the Production Sharing Contract (PSC), Chevron, with an eighty percent participating interest, has obtained exploration, […]
Hess’ Exploration Focus: A World Class Petroleum Province Offshore Guyana
(Hess, 26.Apr.2022) — The Stabroek Block, located approximately 120 miles offshore Guyana, is 6.6 million acres. The block is equivalent in size to 1,150 Gulf of Mexico blocks and contains multiple prospects and play types representing additional multibillion barrel unrisked exploration potential. Hess has a 30 percent interest; ExxonMobil is […]
Cuba Exceeds Fuel Import Budget: April 2022 Caribbean Monthly Economic Report
(Energy Analytics Institute, 25.Apr.2022) — Cuba exceeded its fuel import budget in the first quarter due to higher fuel prices while Trinidad & Tobago is expected to experience a “balance of payments crisis this year “absent significant reforms and economic recovery,” Caribbean Region Economist Marla Dukharan wrote 25 April 2022 […]
Day 1 of AAPG ICE Highlights: Staatsolie Executive Angéle Ramsaransing – Karg
(Energy Analytics Institute, 19.Apr.2022) — Highlights from Staatsolie Executive AngĂ©le Ramsaransing – Karg during her presentation in Cartagena, Colombia on day 1 of the AAPG International Conference & Exhibition (ICE) taking place between 19-22 April 2022. Comments from Staatsolie Executive AngĂ©le Ramsaransing – Karg — Staatsolie looks to maintain production […]
SEOGS 2022 Brochure Now Available
(Global Events Partners, 12.Apr.2022) — The main brochure for the 2nd edition of the Suriname Energy, Oil & Gas Summit and Exhibition is available now! “If you are still deciding whether or not your company should be participating in SEOGS 2022 then download the brochure to read the welcome letter […]
NRGBriefs: Venezuela’s Oil Minister on Oil Market Stability and Supply
(Energy Analytics Institute, 31.Mar.2022) — Energy briefs including the US Energy Department saying it is ready to execute the president of the United States’ authorization of an immediate release of 1 million barrels per day for 6 months from the Strategic Petroleum Reserve; and Trinidad and Tobago NGL Limited (TTNGL) […]
NRGBriefs: Zacatecas Silver Provides Update on Panuco Project
(Energy Analytics Institute, 23.Mar.2022) — Energy briefs including Zacatecas Silver Corp. (ZAC:TSX Venture; ZCTSF: OTC Markets; 7TV: Frankfurt) providing an update on its diamond drilling program at the Panuco deposit located within the Zacatecas Property in Mexico; and 2Gold Corp. (TSX: BTO) (NYSE AMERICAN: BTG) (NSX: B2G) updating and significantly […]
![NRGBriefs: Argentina Inflation Could Touch 5.5% in Mar. 2022 [PDF Download]](https://energy-analytics-institute.org/wp-content/uploads/2022/03/argentina_edited_20160919-source-baker-mckenzie.jpg)
NRGBriefs: Argentina Inflation Could Touch 5.5% in Mar. 2022 [PDF Download]
(Energy Analytics Institute, 22.Mar.2022) — Energy briefs including Suriname and Guyana with 13bn bbls of discovered resources and continuing exploration and where opportunities are tremendous, but still with challenges given the lack of experience and knowledge in offshore high-tech petroleum activities; Capella Minerals Ltd. (TSXV: CMIL) (OTCQB: CMILF) (FRA: N7D2) announcing […]
Spill Gates Afobakadam Open from 2 March
(Energy Analytics Institute, 28.Feb.2022) — The spill gates of the Afobaka dam will be opened from 2 March 2022 due to the high water level in the reservoir, Staatsolie announced 28 February 2022 in an official statement on its website. The spilling will take place over a longer period of […]
NRGBriefs: TotalEnergies and APA Corp. Report Suriname Find
(Energy Analytics Institute, 21.Feb.2022) — Energy briefs including TotalEnergies and APA Corp. reporting another significant find offshore Suriname in Block 58; APA Corp. announcing 4Q:21 financial results and planning a conference call to discuss the results; US sanctions on Russia and its ties with Venezuela; PDVSA President AsdrĂşbal Chávez travelling […]
APA Corp. Reports Oil Find at Krabdagu Exploration Well Offshore Suriname
(APA Corp., 21.Feb.2022) — APA Corporation (Nasdaq: APA) announced an oil discovery at the Krabdagu-1 (KBD-1) exploration well. KBD-1 is located on Block 58 offshore Suriname, approximately 18 kilometers southeast of the Sapakara South-1 appraisal well. APA Suriname holds a 50% working interest in the block, with TotalEnergies (NYSE: TTE), […]
TotalEnergies Reveals Another Significant Discovery in Suriname’s Block 58
(TotalEnergies, 21.Feb.2022) — TotalEnergies and APA Corporation have made a significant new oil and associated gas discovery at the Krabdagu-1 well, in the central area of Block 58, offshore Suriname. This follows previous discoveries at Maka, Sapakara, Kwaskwasi and Keskesi, and the successfully tested Sapakara South-1 appraisal well. Located 18 […]
Suriname Scraps Deal to Build Hydrogen Plant
(CMC, 15.Feb.2022) — The Suriname government has begun the process of ending a controversial deal for the construction here of a state-of-the-art hydrogen plant by the Danish company, Hybrid Power System Group (HPSG). The decision to scrap the project for which an agreement was signed last March comes amidst reports […]
Wärtsilä to Decarbonise Gold Mine Power Station in Suriname
(Wärtsilä, 27.Jan.2022) — The technology group Wärtsilä will supply a 7.8-megawatt (MW) / 7.8-megawatt hour (MWh) energy storage system to a leading gold mining company to help achieve its climate targets and decarbonisation goals at a mine in Suriname. This is the first utility-scale energy storage system to be built […]
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 […]
Bolsonaro to Visit Suriname and Guyana for Talks on Oil Cooperation
(Reuters, 17.Jan.2022) — Brazilian President Jair Bolsonaro will visit Suriname and Guyana on Thursday and Friday for talks on economic cooperation following recent discoveries of oil and gas by Brazil’s two neighbors, the foreign ministry said on Monday. Bolsonaro and the presidents of Suriname, Chandrikapersad Santokhi, and Guyana, Irfaan Ali, […]
NRGBriefs: Suriname’s Oil Sector Awaits Time to Shine
(Energy Analytics Institute, 7.Jan.2022) — Energy briefs including Suriname awaiting its turn to be bathed in the glare of its own oil wealth; and Genuine Parts Company (NYSE: GPC) pricing an aggregate $1bn of senior notes. LATIN AMERICA AND THE CARIBBEAN Suriname — W/ Guyana currently bathed in the spotlight created by the […]
Staatsolie Revenue on the Rise
(CMC, 5.Jan.2022) — Staatsolie of Suriname estimates that its gross revenues for last year is in the vicinity of US$400 million, nearly half of which will be paid to the government in taxes, dividends and royalties. That’s up from 2020 when the state-owned company said it paid US$132 million in […]
NRGBriefs: CFIUS Approves Pemex’s Deer Park Refinery Purchase
(Energy Analytics Institute, 22.Dec.2021) — Energy briefs including Chile being chosen for the 2nd consecutive yr as the most attractive emerging mkt to invest in renewable energies in the LatAm region; AkerSolutions crossing the 36% mark in terms women among all hired personnel in Brazil; the Committee on Foreign Investment […]
IMF Approves Extended Arrangement for Suriname
(IMF, 22.Dec.2021) — The Executive Board of the International Monetary Fund (IMF) approved a 36-month arrangement under the Extended Fund Facility (EFF) for Suriname in an amount equivalent to SDR472.8mn (about $688mn or 366.8% of quota). The Board’s decision enables an immediate disbursement equivalent to SDR39.4mn (about $55.1mn). The IMF […]