Apache makes breakthrough Suriname find
US independent’s share price soars as oil confirmed in frontier province
The small South American country of Guyana has been transformed since the discovery of offshore oil in 2015 into one of the world’s most prolific exploration hotspots—18 new discoveries from just 20 wells drilled—and will soon begin producing first oil from phase one of ExxonMobil’s Liza project. But, while Guyana is set to become one of the leading producers in Latin America over the next decade, exploration in neighbouring Suriname had to date failed to replicate its rival’s upstream successes—returning no commercial finds—despite similar geology and major oil companies snapping up acreage across the maritime border from ExxonMobil’s prolific Guyanese Stabroek block. The fortunes of the n
Also in this section
9 January 2026
OPEC+ remains on track as output falls, with only Gabon failing to hit its output targets in December, although Kazakhstan’s compliance was involuntary
9 January 2026
The Latin American producer’s crude prospects rely on a multi-pronged approach where even the relatively easy wins will take considerable time, effort and cost
9 January 2026
While many forecasters are reasserting the importance of oil and gas, petrostates should be under no illusion things are changing, and faster than they might think
8 January 2026
Indonesia and Malaysia are at the dawn of breathtaking digital capabilities. Their energy infrastructure must keep up with their ambitions
