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
24 January 2025
Domestic companies in Nigeria and other African jurisdictions are buying assets from existing majors they view as more likely to deliver production upside under their stewardship
23 January 2025
The end of transit, though widely anticipated, leaves Europe paying a third more for gas than a year ago and greatly exposed to supply shocks
23 January 2025
The country’s government and E&P companies are leaving no stone unturned in their quest to increase domestic crude output as BP–ONGC tie-up leads the way
22 January 2025
The return of Donald Trump gives further evidence of ‘big oil’ as an investable asset, with the only question being whether anyone is really surprised
