Suriname election soothes investor nerves
Calmer political waters should help turn the country into a global exploration hotspot
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 economic prospects. And, following the resolution of an election deadlock, a new coalition government has finally wrenched power from strongman president Desi Bouterse after a decade at the helm. The relative political stability is good news for investors and progress on existing oil ventures. In July, US independent operator Apache made its third oil find of the year in block 58. Incoming president Chandrikapersad Santokhi has promised to honour existing contracts and remains supportive of the oil sector. “We expe
Also in this section
29 January 2026
Caught between LNG risks from across the Atlantic and the wounds from Russian gas dependence, Europe needs more than a simple diversification strategy
28 January 2026
The alliance looks to bolster market management credibility by bringing greater clarity and unity to output cuts and producer capacity later in 2026
23 January 2026
A strategic pivot away from Russian crude in recent weeks tees up the possibility of improved US-India trade relations
23 January 2026
The signing of a deal with a TotalEnergies-led consortium to explore for gas in a block adjoining Israel’s maritime area may breathe new life into the country’s gas ambitions
