AGP Executive Report
Last update: 5 hours agoOffshore Oil Momentum in Suriname: Saipem has started operations for TotalEnergies’ GranMorgu SURF campaign offshore Suriname, with the Normand Navigator moored at Jules Sedney Harbour in Paramaribo; first oil remains targeted for 2028, as the project (Block 58) moves from engineering into installation logistics. More Gas Signals for Block 52: President Jennifer Simons says Petronas has made another gas discovery at offshore Block 52, bringing eight discoveries to over 1 billion barrels of oil equivalent and setting up a potential Final Investment Decision later this year. Next Drilling Push: TotalEnergies expects a multi-well exploration campaign in Suriname next year, including four new exploration wells in Block 58, with Staatsolie saying there’s still room to find additional oil and that new finds could be developed or tied back to GranMorgu. Airport Modernisation for Industry: Johan Adolf Pengel International Airport (PBM) has rolled out CUPPS passenger processing technology to improve airline interoperability and passenger flow as Suriname prepares for growth. Regional Energy Cooperation: CARICOM and Canada renewed their strategic partnership with a results-focused action plan spanning competitive economies, climate action, and regional security—relevant for investment confidence across the region. Energy Transition Pressure: A new study challenges assumptions about who bears carbon pricing costs, finding household spending patterns can matter more than income alone.
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