(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 […]
Tag: Apache
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 […]
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 […]
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 […]
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 […]
Total To Continue Suriname Exploration
(Argus, 10.Mar.2021) — Total and Apache Corp. will continue their oil exploration program offshore of Suriname after ceasing drilling in one key test well upon facing “substantial pressure increases,” but […]
Apache Updates On Suriname Drilling Program
(Energy Analytics Institute, 26.Feb.2021) — Apache Corporation provided an update in its annual 10-K report (thru year-end 2020) on its operations in Suriname in South America where it is active […]
Apache Eyes Suriname FID In 2021, First Oil By 2025
(Energy Analytics Institute, 24.Feb.2021) — Apache Corporation announced it is targeting a final investment decision (FID) by year-end and first oil flows by 2025 from its project offshore Suriname on […]
Suriname Latest Big Oil Find As Industry Cuts Costs
(The New York Times, 20.Jan.2021) — The small South American country has become a hot prospect for oil companies looking to produce fossil fuels while spending less. The Atlantic waters […]
Total Announces Fourth Find In Suriname’s Block 58
(Total, 14.Jan.2021) — Total and Apache Corporation have made a new significant oil and gas discovery at the Keskesi East-1 well, in Block 58 off the coast of Suriname. This […]
Bright Future For Suriname And Guyana
(Petroleum Economist, 2.Dec.2020) — Crumbling oil prices and volatile energy demand have tipped Latin America into a sharp recession, exacerbated by one of the world’s worst Covid-19 mortality rates. But […]
Apache On Kwaskwasi-1 In Block 58 Offshore Suriname
(Apache, 14.Sep.2020) — Apache Corporation and Total S.A. provided an update to the technical evaluation of the Kwaskwasi-1 discovery well offshore Suriname. As previously announced, Kwaskwasi-1 discovered hydrocarbons in multiple […]
Big Oil Sees Major Potential In Suriname
(Oilprice.com, 7.Sep.2020) — Suriname is one of Latin America’s poorest countries. Up until July 2020, the former Dutch colony was mired in a political crisis that emerged from the hotly […]
Stena Inks Deal For Tullow Suriname Well
(Energy Analytics Institute, 1.Sep.2020) — Stena Drilling inked a new contract with Tullow Suriname BV for the Stena Forth drillship to drill one well offshore Suriname in Block-47. Block 47 […]
Guyana And Suriname To Benefit From Joining Forces
(Energy Analytics Institute, 24.Aug.2020) — Neighboring Guyana and Suriname in South America have been well off investor’s radars until recently. The countries are now regular headlines due to offshore crude […]
Suriname Election Soothes Investor Nerves
(Petroleum Economist, 11.Aug.2020) — The small Latin American nation of Suriname is poised for profound change. Revenues from major offshore oil discoveries announced this year could transform the country’s long-term […]
Suriname Elects Santokhi As President, Brunswijk As VP
(Energy Analytics Institute, 14.Jul.2020) — Suriname elected Progressive Reform Party (VHP) front man Chan Santokhi as the country’s president and Ronnie Brunswijk, leader of the General Liberation and Development Party […]
Suriname Elects New President Santokhi
(The New York Times, 13.Jul.2020) — Desi Bouterse has cast a long shadow over Suriname since its independence. Once a dictator, he returned as a populist, but fell in the […]
Suriname Closes Oil Drilling Deal For Later This Year
(Stabroek News, 10.Jul.2020) — Having gone almost entirely unnoticed in the global oil & gas industry for decades, both Guyana and neighbouring Suriname are now claiming their respective shares of […]
The Oil Nation Aiming To Emulate Guyana’s Success
(Oilprice.com, 20.Jun.2020) — Paths to economic development might vary, ranging all the way from ruthless dictatorships hewing their way with an iron fist to established democracies laboring towards the well-being […]
Suriname Beckons Oil Drillers Ahead Of Poll Result
(Argus, 3.Jun.2020) — Suriname is edging closer to a change of government that could pave the way for expanded offshore oil exploration. The South American country is hoping to emulate […]
The Only Hotspot Where Big Oil Will Still Spend
(Oilprice.com, 7.May.2020) — Oil majors may be slashing spending and deferring development plans across the globe, but they remain committed to developing the newest offshore oil finds in the heart […]
Industry Slashes Spending As Price Rout Deepens
(WoodMac, 19.Mar.2020) — Survival mode has returned to the oil and gas sector as the oil price rout deepens. Corporate financials are in better shape than during the 2014/2015 crash, […]
How Important Is The Suriname Oil Discovery?
(Oilprice.com, 18.Jan.2020) — The discovery of the Maka field in offshore Suriname will become one of the main upstream stories of 2020, bringing Suriname onto the international oil map, potentially […]
Apache And Total Report Significant Oil Discovery Offshore Suriname
(Apache, 7.Jan.2020) — Apache Corporation and Total S.A. announced a significant oil discovery at the Maka Central-1 well drilled offshore Suriname on Block 58. The well was drilled using the […]
Total And Apache Make Discovery In Block 58
(Total, 7.Jan.2020) — Total and Apache have made a material oil discovery with the Maka Central-1 well on Block 58 offshore Suriname, on trend with the prolific discoveries in the […]
Apache Stock Jumps On Suriname JV
(Zacks, 24.Dec.2019) — Shares of Apache Corporation rallied more than 17% in yesterday’s trading, hitting an all-time high among the S&P 500 components, after the energy explorer teamed up with […]
Total Enters Suriname With 50% Stake In Block 58
(Total, 23.Dec.2019) — Total has signed an agreement with Apache Corporation to acquire a 50% working interest and operatorship in the highly prospective Block 58 offshore Suriname, further expanding Total’s […]
Suriname’s 14 Active PSCs With IOCs And NOCs
(Energy Analytics Institute, 3.Oct.2019) — Suriname has 14 active production-sharing contracts (PSCs) with companies from Apache and Total to Petronas and ExxonMobil. The PSCs grant contractors the authority to operate […]
Noble Mobilizes Tom Croft Drillship In Suriname
(Energy Analytics Institute, Ian Silverman, 30.Sep.2019) — Noble Corporation announced it has mobilized its Noble Tom Croft drillship in Suriname. Noble said the drillship started a contract in late September […]