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Afreximbank and Suriname to launch US$5B local content facility

OilNOW -
PARAMARIBO, Suriname — African Export-Import Bank (Afreximbank) will partner with the Government of Suriname to establish a US$5 billion local content facility aimed at strengthening the country’s oil and gas sector and wider economy.  The announcement was made Tuesday during...
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SEOGS 2025 opens with focus on sustainability, local content and energy growth

OilNOW -
PARAMARIBO, Suriname –The Suriname Energy, Oil & Gas Summit (SEOGS) 2025 officially opened Tuesday morning with a ribbon-cutting ceremony and remarks from President Chandrikapersad Santokhi. In his address, Santokhi reaffirmed Suriname’s commitment to transparency and inclusive growth in the...
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Lanternfish-1 and Blacktip-1 among top global high-impact wells for 2025, says S&P Global

Shikema Dey -
PARAMARIBO, SURINAME – Two Guyana prospects – Lanternfish-1 and Blacktip-1 – have been ranked among the world’s most significant high-impact wells targeted for drilling in 2025, according to S&P Global Commodity Insights.  These wells were featured on S&P’s global map...
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Almost 50% of Suriname’s offshore acreage under contract – Staatsolie

Shikema Dey -
PARIMARIBO, SURINAME - Almost 50% of Suriname’s offshore acreage is now under contract, according to its state oil company, Staatsolie.  Managing Director, Annand Jagesar, provided the update during his welcome address as the 5th Suriname Energy Oil and Gas Summit...
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PETRONAS secures deepwater Block 66 in Suriname with new contract

Shikema Dey -
PARAMARIBO, SURINAME - Staatsolie has signed a production sharing contract (PSC) with PETRONAS Suriname E&P B.V. (PSEPBV) and Paradise Oil Company N.V. (POC) for Block 66.  The agreement was signed on June 17, 2025, on the sidelines of the ongoing...
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ExxonMobil drilling Hamlet-1 well in gas-rich southeastern Stabroek Block

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ExxonMobil has started drilling the Hamlet-1 exploration well in the southeastern section of Guyana’s Stabroek Block. This area near the Suriname border has yielded more natural gas than oil in previous discoveries. The Guyanese government is prioritizing the development of...
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Explorers reassess Suriname’s Demerara Shelf amid Macaw-1 drilling

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As TotalEnergies continues drilling the Macaw-1 well in Suriname’s Block 64, attention is shifting to the Demerara Shelf and what the activity there might mean for future exploration. According to Henk Kombrink, Editor-in-Chief of GEO ExPro, oil companies are now...
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South America must redesign petroleum regimes to balance transition and investment – Energy Advisor 

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Parimarbo, Suriname - Jay Park, Managing Partner of Park Energy Advisory Ltd., has called for urgent reforms to petroleum fiscal regimes across South America to meet the competing demands of the energy transition, affordability, and energy security. Speaking at the...
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Battery system arrives in Guyana for delayed Gas-to-Energy project

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LNDCH4, the U.S. joint venture building an integrated natural gas processing facility at Wales, announced on Friday the arrival of a 30-megawatt backup battery energy storage system (BESS), a critical safeguard designed to ensure uninterrupted power delivery from the...
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SEOGS 2025: A new dawn for Suriname’s energy future

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The Suriname Energy, Oil & Gas Summit and Exhibition (SEOGS) 2025 returns this week with its largest and most comprehensive edition yet, bringing together regional and international energy leaders, policymakers and technical experts for four days of strategic dialogue...
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Afreximbank and Suriname to launch US$5B local content facility

PARAMARIBO, Suriname — African Export-Import Bank (Afreximbank) will partner with the Government of Suriname to establish a US$5 billion...

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