There is no excerpt because this is a protected post.
Tag: APA Corporation
![Suriname 1Q:25 NRG Prospector [PDF Download]](https://energy-analytics-institute.org/wp-content/uploads/2025/02/Suriname-NRG_Energy-Analytics-Institute_GEP.jpeg)
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 […]
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 […]
APA Corporation Eyes Private Notes Offering for Senior Notes Due in 2035 and 2055
(Editors at Energy Analytics Institute, 7.Jan.2025) — APA Corporation announced plans to offer a series of senior notes due 2035 and a series of senior notes due 2055 in a private offering that is exempt from the registration requirements of the Securities Act of 1933, as amended. Net proceeds from […]
Protected: Staatsolie Eyes Raising $2.6bn to Enter GranMorgu Project
There is no excerpt because this is a protected post.
Staatsolie Provides Highlights of Key 2024 Activities
PARAMARIBO, SURINAME (Staatsolie, 30.Dec.2024) — With the approval of the development plan and the announcement of the final investment decision (FID) for a production field in Block 58, 2024 marked a historic milestone for Staatsolie Maatschappij Suriname N.V. and Suriname. The production and financial results of the past year confirm […]
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 […]
APA Eyes Impressive Production Ramp-up Offshore Suriname
(Energy Analytics Institute, 6.Nov.2024) — APA Corporation has entered the development phase of its large-scale GranMorgu oil project offshore Suriname in Block 58 where the company says there are additional exploration opportunities. “We also achieved an important milestone in Suriname with the announcement of GranMorgu, the first offshore development in […]
APA Corp. Reveals 3Q:24, Comments on Suriname, Permian
(APA, 6.Nov.2024) — APA Corporation announced its financial and operational results for the third quarter of 2024. Key Takeaways APA reported a loss attributable to common stock of $223mn or $0.60 per diluted share, which was primarily driven by non-cash impairments of assets in the U.K. and assets held for […]
APA Corp. Provides 3Q:24 Supplemental Info.
(APA Corp., 9.Oct.2024) — APA Corporation provided supplemental information regarding certain third-quarter 2024 (3Q:24) financial and operational results. This information is intended only to provide additional information regarding current estimates management believes will affect results for the 3Q:24. It is provided to assist investors, analysts and others in formulating their […]
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” […]
APA Takes $10.5bn FID for First Oil Development Offshore Suriname
(APA, 1.Oct.2024) — APA Corporation’s subsidiary has reached a positive final investment decision (FID) for the first oil development in Block 58, located offshore Suriname. The project has been named GranMorgu, which is derived from a local language and means both “new dawn” and “goliath grouper.” Highlights: GranMorgu will include […]
APA on $950mn Asset Sale of Non-core Permian Assets
(APA, 10.Sep.2024) — APA Corporation entered into an agreement for the sale of non-core producing properties in the Permian Basin to an undisclosed buyer for $950mn, prior to customary closing adjustments. The properties are located in the Central Basin Platform, Texas and New Mexico Shelf, and Northwest Shelf and currently represent […]
APA Corp. Updates on Permian Drilling, Suriname
(APA Corp., 31.Jul.2024) — APA Corporation announced its financial and operational results for the second quarter of 2024.APA reported net income attributable to common stock of $541mn, or $1.46 per diluted share. When adjusted for items that impact the comparability of results, APA’s second-quarter earnings were $434mn, or $1.17 per diluted share. Net […]
SBM Reserves Fast4Ward® Hull for Block 58 Development
(SBM, 6.Jun.2024) — SBM Offshore announced that, in partnership with Technip Energies, and in line with the Front End Engineering and Design (FEED) studies for a Floating Production, Storage and Offloading vessel (FPSO) for the development project located in the Block 58 in Suriname with TotalEnergies EP Suriname B.V., an […]
TotalEnergies, APA Corp. and Staatsolie Progress towards FID on Block 58
(TotalEnergies, 5.Jun.2024) — On the occasion of the 2024 Suriname Energy Oil and Gas Summit, Javier Rielo, Senior Vice President Americas, Exploration & Production for TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE), and Annand Jagesar, CEO of Staatsolie Maatschappij Suriname N.V, the Suriname National Oil Company, announced several significant steps towards the Final […]
APA Reveals over $700mn in Asset Sales from Two Transactions
(APA Corp., 20.May.2024) — APA Corporation (Nasdaq: APA) announced the sale of non-core producing properties by Apache Corporation and certain of its subsidiaries in two separate transactions with aggregate proceeds of more than $700mn, prior to customary closing adjustments. Combined, the properties represent estimated net production in the first-quarter 2024 […]
Petronas Discovery in Suriname Approaches 400 MMbbls
(Petronas, 16.May.2024) — Addressing the recent deepwater discovery by Petronas in Suriname, Mark Oberstoetter, Head of Americas (non-L48) Upstream, said “We understand Roystonea and Fusaea’s recoverable resources are approaching 400 million barrels. This could be enough to support an FPSO with an oil processing capacity of up to 100,000 b/d […]
APA Corp. Announces 1Q:24 Financial and Operational Results
(APA Corp., 1.May.2024) — APA Corporation (Nasdaq: APA) announced its financial and operational results for the first quarter of 2024. Key Takeaways Reported production of 389,000 barrels of oil equivalent (BOE) per day; adjusted production, which excludes Egypt noncontrolling interest and tax barrels, was 320,000 BOE per day; Generated net […]
APA Corp. Updates on Executive Leadership Changes
(APA Corp., 9.Apr.2024) — APA Corporation (Nasdaq: APA) announced updates to its executive leadership team to coincide with a restructuring of its development function and the integration of the recently closed acquisition of Callon Petroleum. The changes are effective immediately. “Building on the momentum of our recently closed acquisition, we […]
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 […]
APA Reveals 4Q:23 Results, Updates on Suriname FID [PDF Downloads]
(APA Corporation, 21.Feb.2024) — APA Corporation (Nasdaq: APA) announced its financial and operational results for the fourth-quarter and full-year 2023. During the fourth-quarter 2023, APA reported net income attributable to common stock of $1.8bn, or $5.78 per share on a fully diluted basis. When adjusted for certain items that impact […]
Apache Corp Expands Award-Winning Tree Grant Programme to Scotland
(APA Corporation, 1.Nov.2023) — Apache Corporation, a subsidiary of APA Corporation (Nasdaq: APA), today announced the launch of the Apache Tree Grant Programme in Scotland for the 2023-2024 planting season. Initially launched in the United States, the Apache Tree Grant Programme is an award-winning initiative focused on large-scale conservation, protection […]
APA Corp. Reports 3Q:23 Financial, Operational Results [PDF Download]
(APA Corporation, 1.Nov.2023) — APA Corporation (Nasdaq: APA) announced its financial and operational results for the third quarter of 2023. APA reported net income attributable to common stock of $459mn, or $1.49 per diluted share. When adjusted for items that impact the comparability of results, APA’s third-quarter earnings were $410mn, […]
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 […]
APA Corporation Reduces Methane Emissions
(APA, 3.Oct.2023) — APA Corporation (Nasdaq: APA) announced the achievement of an environmental, social and governance (ESG) goal to convert more than 2,000 pneumatic devices to instrument air or through-valve retrofit in its U.S. operations. The goal was reached three months ahead of schedule, and results in an estimated annualized […]
EAI’s NRGBriefs: Sep. 2023
(Energy Analytics Institute, 30.Sep.2023) — Energy briefs as well as others related to finance and projects during Sep. 2023 including Petrobras saying that in regards the process of divestment of the LUBNOR refinery that it continues to strictly comply w/ the purchase and sale agreement; SilverCrest Metals Inc. filing an […]
APA Corporation and TotalEnergies Launch Block 58 Development Studies
(APA Corporation, 13.Sep.2023) — APA Corporation (Nasdaq: APA) and TotalEnergies have announced the launching of development studies for a large oil project in Block 58, offshore Suriname. TotalEnergies is the operator of Block 58, with a 50% interest, alongside APA (50%). Successful appraisal of the two main oil discoveries, with […]
TotalEnergies Eyes Studies for 200,000 b/d Project in Suriname’s Block 58
(TotalEnergies, 13.Sep.2023) — On the occasion of the meeting held in Paramaribo between Patrick Pouyanné, Chairman and CEO of TotalEnergies, His Excellency Chandrikapersad Santokhi, President of the Republic of Suriname, and Annand Jagesar, CEO of Staatsolie, TotalEnergies has announced the launching of the development studies for a large oil project […]
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. on Second Successful Flow Test at Sapakara South Off Suriname
(APA, 8.Feb.2023) — APA Corporation (Nasdaq: APA) announced the successful drilling and flow testing of the Sapakara South-2 (SPS-2) appraisal well, the second appraisal well to test the previously announced discovery. The well is located approximately 4.6 kilometers (3 miles) south of the Sapakara South-1 (SPS-1) appraisal well. SPS-2 encountered […]
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 […]
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 […]
APA Corp. Reduces Routine Flaring in Egypt by 40%
(APA Corp., 14.Nov.2022) — APA Corporation (Nasdaq: APA) today announced the achievement of a compensation-linked environmental, social and governance (ESG) goal to reduce upstream routine flaring across Egypt operations by 40%. The goal was reached ahead of schedule and is the result of numerous emissions reduction projects executed in Egypt […]
APA Corp. Engages GHD for Third-party Emissions Verification
(APA, 22.Sep.2022) — APA Corporation (Nasdaq: APA) announced engagement of GHD, a privately-owned global professional services company specializing in the implementation and verification of sustainability projects. This engagement underpins APA’s commitment to protecting the environment, which includes an all employee compensation-linked goal announced earlier this year to eliminate at least […]
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: 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 […]
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 […]
NRGBriefs: Petrobras EBITDA; LatAm Disintegration; Suriname’s Blk 58
(Energy Analytics Institute, 6.May.2022) — Energy briefs including Brazil’s state oil giant Petróleo 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 Américas (NYSE: ENIA) filing its 2021 annual report on Form 20-F w/ the […]
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 Asdrúbal 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 […]
Maersk Awarded One-well Extension in Suriname for Maersk Valiant
(Maersk, 14.Jan.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 […]
NRGBriefs: Ecuador’s Oil Production Around 91 Mb/d
(Energy Analytics Institute, 27.Dec.2021) — Energy briefs including Ecuador’s crude oil production reaching around 91,480 b/d this week; APA Corp. revealing ratification of a modernized PSC in Egypt; and more. LATIN AMERICA AND THE CARIBBEAN Ecuador — Ecuador’s oil production was just 91,480 b/d on 27 Dec. 2021, according to […]
APA Corp. Ratifies Modernized PSC in Egypt
(APA, 27.Dec.2021) — APA Corporation (Nasdaq: APA) announced the signing, by authority of Egyptian President H.E. Abdel Fattah El Sisi, of the previously announced agreement to modernize and consolidate the company’s current Production Sharing Contracts (PSCs) with Egypt’s Ministry of Petroleum and Mineral Resources (MOP) and the Egyptian General Petroleum […]
APA Corp. Says Egyptian Parliament Approves Modernized PSC
(APA, 30.Nov.2021) — APA Corporation (Nasdaq: APA) announced the Egyptian Parliament has approved the previously announced agreement to modernize and consolidate its current Production Sharing Contracts (PSCs) with Egypt’s Ministry of Petroleum and Mineral Resources (MOP) and the Egyptian General Petroleum Corporation (EGPC). The PSC now goes to the desk […]
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, […]
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 […]
NRGBriefs: ANP Resolution, Ramirez Extradition Request
(Energy Analytics Institute, 23.Sep.2021) — Energy briefs from the LAC region including: Brazil’s ANP approving a resolution to regulate a reduction in royalties, a court in Rome rejects Nicolas Maduro’s request to extradite former PDVSA head Rafael Ramirez, and the BODs of APA Corp. declaring a regular cash dividend. LATIN […]
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 […]
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 […]
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 […]
APA Names New Senior Exploration VP
(APA Corp., 12.Apr.2021) — APA Corporation today announced Tracey K. Henderson has been appointed Senior Vice President, Exploration. Henderson joins APA from Kosmos Energy, where she served as Chief Exploration Officer. While at Kosmos, she contributed to the discovery of the Jubilee Field offshore Ghana, one of the largest oil […]
Apache And APA Finalize New Holding Structure
(Apache, 1.Mar.2021) — Apache Corporation and APA Corporation announced completion of the previously announced holding company structure, making APA the parent holding company of Apache. APA replaces Apache as the public company trading on the Nasdaq stock market under the ticker symbol “APA.” Each share of Apache common stock outstanding […]
Apache Creates Holding Company Structure
(Apache, 4.Jan.2021) — Apache Corporation announced that its Board of Directors authorized the company to create a holding company structure. Upon its formation, APA Corporation, the new holding company, will replace Apache Corporation as the public company trading on the Nasdaq stock exchange. Existing shares of Apache will be automatically […]