Suriname steps out of the shadows
Latin American nation becomes latest upstream hotspot on further exploration success
A second major oil discovery offshore Suriname has reinforced hopes that the country can emulate the upstream successes of neighbouring Guyana, even as economic gloom has descended across much of the global energy sector in recent weeks. Total, together with its US independent partner Apache, announced on 2 April a significant find at their Sapakura prospect, not far from the Guyana maritime border. The discovery was the consortium’s second in block 58 following drilling in early January at the Maka prospect. The results from both, while still preliminary, suggest extensive offshore reserves and could attract a wave of further exploration. “The presence of hydrocarbons in place in stacked ta
Also in this section
21 February 2025
While large-scale planned LNG schemes in sub-Saharan Africa have faced fresh problems, FLNG projects are stepping into that space
20 February 2025
Greater social mobility means increased global demand for refined fuels and petrochemical products, with Asia leading the way in the expansion of refining capacity
19 February 2025
The EU would do well to ease its gas storage requirements to avoid heavy purchase costs this summer, with the targets having created market distortion while giving sellers a significant advantage over buyers
18 February 2025
Deliveries to China decline by around 1m b/d from move to curb crude exports to Shandong port, putting Iran under further economic pressure
