(Rhyolite Resources, 21.Dec.2021) — Rhyolite Resources Ltd. (TSXV: RYE) completed a “bought deal” brokered private placement of 16,000,000 common shares of the company at a price of C$0.88 per Common Share (the “Offering Price”) for gross proceeds of approximately C$14mn (the “Bought Deal Private Placement”). BMO Capital Markets acted as the sole underwriter […]
Category: Suriname
POC Retains Interest in Block 5 Offshore Suriname
(Staatsolie, 17.Dec.2021) — Paradise Oil Company (POC), a wholly owned subsidiary of Staatsolie Maatschappij Suriname N.V., retains its non-operated participating interest of 40%. The details of the deal, signed on 17 December 2021, are not disclosed. Staatsolie welcomes the participation of a renowned party such as Shell in Block 5. […]
Challenger Reports On B/S Restructuring, License Renewals
(Challenger Energy, 13.Dec.2021) — Challenger Energy Group Plc (AIM: CEG), the Caribbean and Atlantic margin focused oil and gas company, with production, development, appraisal and exploration assets across the region, provides the following update on its balance sheet restructuring, licence renewal process, and general operational matters. Balance Sheet Restructuring The […]
Staatsolie Takes Steps to Set Up Oil & Gas Stream NATIN
(Staatsolie, 10.Dec.2021) — The Natuur Technisch Instituut (Nature Technical Institute, NATIN) will get an oil and gas stream. Staatsolie Maatschappij Suriname N.V. is working together with NATIN, the Ministry of Education, Science and Culture (MINOWC) and the Dutch Regional Education Center (Regionaal Onderwijs Centrum) Kop van Noord-Holland (ROC KvNH) to […]
NRGBriefs: Argentine Pipeline Tender, Lebanon Summit
(Energy Analytics Institute, 30.Nov.2021) — Energy briefs including Argentina revealing plans for a tender for the start of the process for the construction of the first stage of the Néstor Kirchner Gas Pipeline and the Transport.Ar National Production Gas Pipeline System; the EU welcoming the “largely calm and peaceful atmosphere” […]
APA Corp. Reports Success At Sapakara South In Suriname
(APA, 16.Nov.2021) — APA Corporation (Nasdaq: APA) announced results from flow testing at the Sapakara South appraisal well and drilling results from the Bonboni exploration well, both operations recently completed on Block 58 offshore Suriname. APA Suriname holds a 50% working interest in the block, with TotalEnergies (TTE), the operator, […]
TGS, BGP, CGG Commence Acquisition of Suriname 3D Phase 1
(TGS, 11.Nov.2021) — Further to the announcement on October 20, 2021 of a signed agreement with Staatsolie for multi-client programs offshore Suriname, TGS, acting as the marketing and licensing lead in a consortium with CGG and BGP, announced that acquisition for Phase 1 of the Suriname 3D project has commenced. […]
NRGBriefs: Colombia Eyes Net-zero Deforestation By 2030
(Energy Analytics Institute, 22.Oct.2021) — Energy briefs including Corporación Nacional del Cobre de Chile (Codelco) announcing final results of a previously announced offer to purchase for cash outstanding notes due in 2023, 2024, and 2025; Colombia aiming to achieve net-zero deforestation by 2030 and carbon neutrality by 2050; Frontera Energy […]
Frontera To Host Webcast On Guyana-Suriname Basin
(Frontera, 20.Oct.2021) — Frontera Energy Corporation (TSX: FEC), the majority shareholder of CGX Energy Inc. (TSXV: OYL) and joint venture partner in the Petroleum Prospecting Licenses for the Corentyne and Demerara blocks offshore Guyana will deliver an informational virtual presentation on the Guyana-Suriname basin, the offshore Corentyne block and the […]
TGS, BGP, CGG Ink Deal With Staatsolie
(TGS, 19.Oct.2021) — TGS, a global provider of energy data and intelligence, in a consortium with CGG and BGP, today announced the signature of a multi-client agreement with Staatsolie, the state-owned company leading the development of the energy industry in the Republic of Suriname. The agreement allows the consortium to […]
Staatsolie Inks Offshore PSC With Chevron
(Staatsolie, 13.Oct.2021) — By signing the Production Sharing Contract (PSC), Staatsolie grants Chevron rights for exploration, development and production in the offshore area, while Staatsolie retains the right to a forty percent participation. For the first time in Staatsolie’s history the company will participate as a partner in offshore activities […]
NRGBriefs: Suriname’s Oil Finds
(Energy Analytics Institute, 8.Oct.2021) — Energy briefs including Blue Sky Uranium Corp.’s plans to implement a warrant exercise incentive program; Occidental revealing the date for its 3Q:21 conf. call; and more. LATIN AMERICA AND CARIBBEAN Argentina — SSR Mining Inc. (NASDAQ: SSRM) (TSX: SSRM) (ASX: SSR) will release its 3Q:21 […]
NRGBriefs: ANH Eyes 17th Bid Round
(Energy Analytics Institute, 6.Oct.2021) — Energy briefs including Brazil’s ANP holding its 17th bid round; Ecuador’s oil production holding steady; Panama’s Generadora Gatún natural gas power plant expecting to start providing electricity in 2024; and more. LATIN AMERICA AND CARIBBEAN Brazil — Brazil’s ANP will hold its 17th Round of […]
Emerging Oil Markets on the Path to Net Zero
(News America, 5.Oct.2021) — This year, the world has become increasingly aware of a global energy shortage as well as the irreversible damages of climate change. Throughout Europe, gas prices have tripled due to a fall in inventory meeting a fast-recovering global economy. Reduced wind power, which accounts for roughly […]
NRGBriefs: Colombia Eyes Hydrogen
(Energy Analytics Institute, 29.Sep.2021) — Energy briefs including revelation of Colombia’s hydrogen roadmap, Xodus conducting a study of Suriname’s gas resources and TotalEnergies CEO Patrick Pouyanné presenting the co.’s strategy outlook presentation. LATIN AMERICA AND THE CARIBBEAN Colombia — Colombia’s oil and mines minister Diego Mesa revealed 29 Sep. 2021 […]
Orea Updates On Gold Project Acquisition In Suriname
(Orea, 29.Sep.2021) — Orea Mining Corp. (TSX: OREA) (OTCQX: OREAF) (FSE: 3CG) provided an update on the acquisition of a new gold project located in Suriname, South America. As announced on 6 July 2021, Orea signed of a Binding Term Sheet (BTS) to acquire up to a 75% interest in […]
APA’s Keskesi South-1 Appraisal Well Disappoints
(APA Corp., 29.Sep.2021) — APA Corporation (Nasdaq: APA) announced results from appraisal drilling at Keskesi South-1 on Block 58 offshore Suriname. APA Suriname holds a 50% working interest in the block, with TotalEnergies, the operator, holding a 50% working interest. Keskesi South-1, drilled approximately 6.2 kilometers from the discovery well […]
AAPG’s Caribbean Symposium Event
(AAPG, 31.Aug.2021) — AAPG’s Latin America and Caribbean Region invites you to the 2021 “Caribbean Technical Symposium and E&P Summit: Recent Activity and Exploration Opportunities” to be held virtually on 14-15 September 2021. The 2-day virtual event combines two of the AAPG LACR’s most successful formats, a technical symposium including […]
Suriname Webinar On O&G Local Content
(Energy Analytics Institute, 24.Aug.2021) — Staatsolie in cooperation with ExxonMobil will be hosting a webinar on ‘Local Content in the O&G industry’. As a supplier who can potentially provide support to oil and gas operations, you are cordially invited to participate in this webinar. Date: Wednesday 1 September 2021 Time: […]
LatAm Briefs: Guyana-Suriname Basin Reserves
(Energy Analytics Institute, 21.Aug.2021) — Energy briefs from the Latin America and Caribbean region including: Argentina pondering its allocation of energy subsidies, Ecopetrol closing on an earlier announced $3.7bn ISA deal, reserves in the Guyana-Suriname Basin continuing to rise, and trafficking of coltan rising between Colombia and Venezuela, and much […]
Guyana, Suriname Eye Jointly Developments
(DPI, 19.Aug.2021) — Recognising the vast potential of Guyana and Suriname’s oil and gas sectors, their Excellencies Dr. Mohamed Irfaan Ali and Chandrikapersad Santokhi have indicated that the two countries will jointly strategise the development of this critical and lucrative sector. During engagements with the Private Sector Commission (PSC) and […]
Emerging Oil Nations Reject Climate Curbs On Exploration
(Reuters, 19.Aug.2021) — The world’s newest oil-producing nations grabbed the spotlight at this week’s Offshore Technology Conference with ambitious plans to tap oil and gas discoveries in a race against a global energy transition to lower-carbon fuels. At the conference highlighting renewable and cleaner-burning fuels and investors moving bets away […]
Guyana, Suriname Reveal Joint Gas Development Strategy
(S&P Global, 19.Aug.2021) — The presidents of Guyana and Suriname said Aug. 19 their countries will craft a joint strategy to develop their natural gas reserves to fuel their economic development, as well as to supply Brazil, their large southern neighbor. “Through the gas strategy, we will be working on […]
Guyana, Suriname Eye Further Drilling
(Reuters, 18.Aug.2021) — Guyana and Suriname expect continued exploratory drilling over the next two years by oil majors in their joint offshore basin after a string of recent discoveries, government officials and corporate executives said at a conference on Wednesday. The neighboring South American countries, along with Brazil, attracted the […]
Guyana-Suriname Basin OTC2021 Technical Panel Summary
(Energy Analytics Institute, 16.Aug.2021) — Executives with ExxonMobil provided technical details of the company’s initial, current and planned activities in Guyana. What follows are excerpts from their presentations during the Offshore Technology Conference 2021 (16-19 August) in Houston, Texas. ExxonMobil, Audrey Varga — Outline of Guyana-Suriname exploration history: Standard Oil, […]
APA Reports 2Q:21 Net Income of $388mn
(APA, 5.May.2021) — APA Corporation (Nasdaq: APA) announced its financial and operational results for the first-quarter 2021. APA reported net income attributable to common stock of $388mn, or $1.02 per diluted share. When adjusted for items that impact the comparability of results, APA’s first-quarter earnings were $346mn, or $0.91 per […]
TotalEnergies Reveals Another Well In Suriname’s Block 58
(TotalEnergies, 29.Jul.2021) — TotalEnergies and Apache Corporation encountered oil in the Sapakara South-1 well on Block 58 off the coast of Suriname. This announcement follows previous discoveries at Maka Central, Sapakara West, Kwaskwasi and Keskesi. Located 4 kilometers south-east of the Sapakara West-1 discovery, Sapakara South-1 was drilled in a […]
WoodMac On Guyana And Suriname Exploration
(WoodMac, 29.Jul.2021) — Wood Mackenzie’s Latin America upstream senior analyst Luiz Hayum commented on the latest exploration results offshore Guyana and Suriname: “In a year thin of deepwater discoveries, Guyana and Suriname continue to deliver great exploration results, with the Whiptail discovery and the successful Sapakara appraisal. “The two successful […]
Eco Atlantic Confident In Guyana Despite Jabillo-1 Setback
(ProActive, 5.Jul.2021) — Eco Atlantic Oil & Gas Ltd (LON:ECO, TSE:EOG) chief executive Gil Holzman remains confident in the Canje block, offshore Guyana, where Exxon is now lining up its next drill plans. It comes as Exxon’s Jabillo-1 well exploration well was safely drilled down to its target depth of […]
Eco Atlantic Says Jabillo-1 Well Shows Non-commercial
(Eco Atlantic, 5.Jul.2021) — Eco (Atlantic) Oil & Gas Ltd. (AIM:ECO)(TSX‐V:EOG) has received a detailed update from JHI Associates Inc. The Jabillo-1 well in the Canje Block, offshore Guyana, reached its planned target depth and was evaluated but did not show evidence of commercial hydrocarbons. Jabillo-1 will now be plugged […]
TotalEnergies In Two New Exploration Licenses In Suriname
(TotalEnergies, 25.Jun.2021) — TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) and its partner Qatar Petroleum have been awarded Block 6 and Block 8 in the Suriname SHO Bid Round 2020/2021. TotalEnergies shall operate these blocks, situated in shallow water with depths between 30 meters and 50 meters, and adjacent to the TotalEnergies operated […]
Suriname’s Oil Boom Keeps Getting Hotter
(Oilprice.com, 23.Jun.2021) — The Guyana-Suriname Basin, which the U.S. Geological Service estimates hold crude oil resources of up to 33 billion barrels, is in the midst of a massive drilling boom that has seen a swathe of major oil discoveries over the last six years. While most of those finds […]
TotalEnergies, QP Win Exploration Blocks Off Suriname
(Argus, 20.Jun.2021) — A consortium of TotalEnergies and Qatar’s state-owned QP have won two offshore exploration blocks in Suriname following the South American state’s latest bid round launched in November. TotalEnergies, formerly Total, will leads the consortium with a 40pc stake, alongside QP with 20pc. Suriname’s state-owned Staatsolie will hold […]
Qatar Petroleum Enters Suriname’s Block 6 And Block 8
(Qatar Petroleum, 19.Jun.2021) – A consortium including Qatar Petroleum has been awarded two offshore blocks in Suriname, under Production Sharing Contracts as part of the recent Suriname offshore bid round. The winning bids in the competitive round were announced by Suriname’s state oil company, Staatsolie. A consortium comprising of Qatar […]
IOCs Take Three Suriname Shallow Offshore Blocks
(Staatsolie, 18.Jun.2021) — Staatsolie Maatschappij Suriname N.V. (Staatsolie) announces that after evaluation of all received bids in the SHO Bid Round 2020/2021, the following companies have submitted the most favorable bids for the relevant Blocks: Chevron Exploration Suriname Limited for Block 5, and the consortium consisting of TotalEnergies and Qatar […]
Guyana-Suriname Basin: Rising From Obscurity To Become A Super Potential
(Endeavor Management, 11.Jun.2021) — The challenge now facing operators in this promising region is to transition from an exploration/appraisal mode to best practices for development and production. Recent discoveries in the Guyana-Suriname basin attest to estimates of 10+ Bbbl of oil resources and more than 30 Tcf of gas. Like […]
![LatAm Briefs: Westmount Drilling Update [PDF Download], Peru Election Results](https://energy-analytics-institute.org/wp-content/uploads/2021/06/000_9BC4DK.jpg)
LatAm Briefs: Westmount Drilling Update [PDF Download], Peru Election Results
(Energy Analytics Institute, 7.Jun.2021) — Energy briefs from the Latin America and Caribbean region including: Westmount Energy Ltd. updating on its activities in Guyana-Suriname and Peru elections results showing Keiko Fujimori leading over Pedro Castillo. Westmount Updates On Activities In Guyana-Suriname [PDF Download] Westmount Energy provided details related to its […]
SEOGS2021 Highlights: Day 3
(Energy Analytics Institute, 3.Jun.2021) — Select highlights from 3 June 2021 from the Suriname Energy, Oil and Gas Summit or SEOGS2021, and speakers from Staatsolie Upstream Director Rehka Bissumbhar to National Energy President Dr. Vernon Paltoo follow. Select highlights from the Suriname Energy, Oil and Gas Summit or SEOGS2021, which […]
SEOGS2021 Highlights: Day 2
(Energy Analytics Institute, 2.Jun.2021) — Select highlights from 2 June 2021 from the Suriname Energy, Oil and Gas Summit or SEOGS2021, and speakers with companies from Modec International Inc. and Xodus Global Advisory to University of Houston visiting professor Susan Sakmar follow. Select highlights from the Suriname Energy, Oil and […]
The SEOGS2021: Day 1 Brief
(Energy Advance, 1.Jun.2021) — The first day at SEOGS 2021 saw an incredible 454 unique viewers tuning in from over 170 different companies to hear from the President, government of Suriname and the NOC and event host Staatsolie. Major IOC’s, NOC’s and independents spoke about their current and future plans […]
The SEOGS2021: Day 2 Brief
(Energy Advance, 2.Jun.2021) — Day 2 at SEOGS saw the total audience grown to 624 participants with over 509 engaged users. We welcomed the theme of sustainable development of natural resources for the benefit of all and covered topics of oil and gas best practice, HSSE, FPSO’s, drilling and deepwater technology, […]
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 […]
LatAm Briefs: Ofac Venezuela, SEOGS2021 Kicks Off, Net Zero Summit
(Energy Analytics Institute, 1.Jun.2021) — Energy briefs from the Latin America and Caribbean region including: Ofac extending Chevron’s operating license in Venezuela; Microsoft founder, Bill Gates, participating in the Innovating To Net Zero Summit; and the kick off of the Suriname Energy, Oil and Gas Summit (SEOGS2021). Ofac Extends Chevron’s […]
Suriname And The SEOGS2021 Set To Start
(Energy Advance, 1.Jun.2021) — Staatsolie’s inaugural address will Suriname Energy, Oil & Gas Summit, running from 1-3 June 2021. With H.E. Chandrikapersad Santokhi, President, Government of the Republic of Suriname giving a keynote address this morning the Suriname Energy, Oil & Gas Summit, 1-3 June 2021, hosted by Staatsolie Maatschappij […]
![Suriname Local Content Workshops [Free Registration]](https://energy-analytics-institute.org/wp-content/uploads/2021/05/Main-Banner-Local-Content.png)
Suriname Local Content Workshops [Free Registration]
(Energy Analytics Institute, 31.May.2021) — Three local content workshops will be running during the last day of the Suriname Energy, Oil and Gas Summit (SEOGS) to be held virtually between 1-3 June 2021. The workshops will consist of panels of local, regional and global experts who will all discuss areas […]
Suriname Shallow Offshore (SHO) Bid Round 2020/2021 Closes
(Staatsolie, 2.May.2021) — The Suriname Shallow Offshore (SHO) Bid Round 2020/2021 which was launched on 16 November 2020 has been closed for bid submissions as per 30 April 2021, in accordance with the timeline provided in the Instruction to Bidders. Staatsolie Maatschappij Suriname N.V. has received a total of ten (10) […]
Staatsolie Offers Forum Recordings On Local Content Service
(Staatsolie, 1.May.2021) — The recordings and presentation from the Local Content Service Forum held on 4 March 2021 are now available. You can find it here. The FAQ will be available soon. If you are not registered with the Suriname Supplier Portal, we invite you to register. If you are a […]
Suriname Energy Summit: 1-3 June 2021
(Energy Advance, 12.Apr.2021) — The Suriname Energy, Oil & Gas Summit (SEOGS) will be hosted virtually from 1-3 June 2021. The inaugural SEOGS hosted by Staatsolie is the official event for Suriname’s nascent hydrocarbons sector and looks to bring together all the major public and private sector stakeholders across the entire oil and gas value […]
Cayman Islands Elections: Report
(Energy Analytics Institute, 31.Mar.2021) — “Determining the appropriate policy reforms to sustainably improve the socio-economic trajectory of the best-run country in the Caribbean, must feel like figuring out what gift to buy for someone who already has everything,” announced Caribbean economist Marla Dukharan in her Caribbean Monthly Economic Report released […]
Guyana Basins Summit (GBS) Energy Highlights
(Energy Analytics Institute, 22.Mar.2021) — Commentaries, quotes, data and other highlights from the Guyana Basins Summit (GBS) held virtually from 17-19 March 2021 and from speakers from Guyana’s President Mohamed Irfaan Ali to Guyana’s Natural Resources Minister Vickram Bharrat and others speaking about lessons learnt in other countries such as […]