AGP Executive Report
Last update: 5 hours agoOffshore Oil & Services: Italian contractor Saipem has started operations in Suriname for the offshore GranMorgu project after the arrival of the multipurpose vessel Normand Navigator, with the SURF package covering engineering through commissioning support; GranMorgu sits in Block 58 (150 km offshore), operated by TotalEnergies with APA and Staatsolie as partners, and is targeted to start up in 2028. Suriname Oil Outlook: A market-focused report links Middle East tensions and higher Brent prices to renewed optimism for Suriname’s emerging offshore boom, spotlighting GranMorgu’s expected $26B revenue over its life. Regional Energy Logistics: Curaçao is moving to build a wider maritime cluster around 2BAYS, positioning the island as a logistics and offshore services hub for Suriname and Guyana as demand grows for repair, bunkering, technical support, and supply-chain work. Profit Signals for Suriname Exposure: APA Corporation beat second-quarter profit estimates as higher crude prices lifted realized pricing; APA’s portfolio includes offshore Suriname exposure, though quarterly output fell on lower volumes. Illegal Mining Routes: Investigators say illegal Brazilian gold increasingly uses aircraft and routes through Venezuela, Guyana, and Suriname to launder origin before re-export. Maritime Decarbonization Readiness: An IDB-commissioned study finds Caribbean ports—including Suriname—are not yet offering operational shore-side power or comprehensive green fuel bunkering, with the Bahamas and Barbados furthest along on policy and regulation. Caribbean Governance & Participation: UWI Mona’s Dr Lisa Ann Vasciannie warns low voter turnout is weakening Caribbean influence on major international issues, arguing diplomacy depends on democratic participation at home.
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