AGP Executive Report

Corentyne Bridge Diplomatic Clash: Suriname President Jennifer Geerlings-Simons says Guyana was told as early as February that Paramaribo would “go it alone” on financing the Corentyne River Bridge, while Guyana’s President Irfaan Ali and Foreign Minister Hugh Todd insist there was no official notice through bilateral mechanisms and that the project remains a joint undertaking. Offshore Oil Push: Staatsolie says two new bids have been submitted for Suriname’s open-door offshore blocks, including acreage in the Demerara sector, with a 90-day competing proposal window running to 4 October 2026. New Hydrocarbon Discovery: Petronas reports fresh finds in Suriname’s Block 52, with discoveries from Caiman-1 and SAC-1 and a positive appraisal at Roystonea-2, lifting estimated recoverable resources to over 1 billion barrels of oil equivalent. Mining Update: Miata Metals reports new gold intersections at its Sela Creek project in Suriname, including 17.19m at 3.14 g/t Au and 21.64m at 1.70 g/t Au at Puma East. Offshore Services Tendering: SBM Offshore has started sourcing a flotel services supplier for TotalEnergies’ GranMorgu deepwater project offshore Suriname, targeting first oil in mid-2028. CARICOM Humanitarian Mediation: CARICOM’s humanitarian aid for Cuba has finally cleared sanctions-related banking hurdles, and Caribbean leaders are offering to mediate between Washington and Havana.

Deepwater Oil Bids: Staatsolie says it received two new bids for offshore blocks in Suriname’s open-door offering, covering acreage in the Guyana-Suriname basin (Demerara sector), with a 90-day competing bid window running to 4 Oct 2026. New Oil Discovery: Petronas reports fresh hydrocarbon finds in Block 52 off Suriname’s Atlantic coast (wells Caiman-1 and SAC-1, plus a positive appraisal at Roystonea-2), lifting estimated recoverable resources to over 1 billion barrels of oil equivalent. Offshore Services Tender: SBM Offshore has started sourcing a flotel supplier for TotalEnergies’ GranMorgu FPSO hook-up and commissioning offshore Suriname (Block 58), with responses due 7 July. Mining Update: Miata Metals announces additional diamond drill results from its Sela Creek Gold Project in Suriname, including a new gold discovery at Puma East. CARICOM Humanitarian Logistics: CARICOM’s humanitarian aid for Cuba has finally cleared for delivery after repeated sanctions-related banking hurdles, with leaders also offering to mediate between Washington and Havana. Corentyne Bridge Row: Suriname and Guyana continue trading claims over who was told what and when about financing the Corentyne River bridge, with Guyana insisting no official shift away from a joint approach was communicated.

Oil & Gas Finance Watch: APA Corporation shared supplemental Q2 2026 details, including estimated realized prices, dry hole costs of $41m, and a production update showing curtailments tied to weak Waha hub gas prices—plus a share repurchase of 2.8m shares at $35.25. Sustainability Reporting: APA also published its 2026 Sustainability Progress Report covering 2025 performance, with updates on emissions, water stewardship, employee engagement and community investment. Suriname–Guyana Bridge Standoff: Suriname says Guyana was advised as early as February and that CARICOM’s move to fund the Corentyne River bridge independently is already known; Guyana’s foreign minister Hugh Todd rejects this, saying there was no official notification through bilateral mechanisms and that May 15 talks were about disaster relief, not bridge financing. Offshore Energy Build-Out: SBM Offshore is seeking a flotel services supplier for TotalEnergies’ GranMorgu FPSO hook-up and commissioning offshore Suriname, with responses due July 7. New Exploration Upside: Petronas announced two new discoveries and a positive appraisal in Block 52 off Suriname, lifting estimated recoverable resources to over 1 billion barrels of oil equivalent and reinforcing the deepwater development push. Mining Development: Miata Metals reported additional high-grade gold intersections at its Sela Creek project in Suriname, including 17.19m at 3.14 g/t Au and 21.64m at 1.70 g/t Au.

Corentyne Bridge Diplomacy Clash: Suriname’s President Jennifer Geerlings-Simons says Guyana was told as early as February that Paramaribo would finance the Corentyne River bridge alone, but Guyana’s Foreign Affairs Minister Hugh Todd rejects this, saying Ali was never notified through official channels and that May 15 talks were only about disaster relief. Offshore Oil Push: Petronas reports major new Block 52 results off Suriname, with discoveries from Caiman-1 and SAC-1 plus a positive Roystonea-2 appraisal, lifting recoverable resources to over 1 billion barrels of oil equivalent and strengthening the case for more deepwater developments. Mining Update: Miata Metals announces additional high-grade gold intersections at its Sela Creek project in Suriname, including 17.19 m at 3.14 g/t Au and 21.64 m at 1.70 g/t Au at Puma East, pointing to a new discovery area. Project Logistics for TotalEnergies: SBM Offshore starts sourcing a flotel supplier for hook-up and offshore commissioning support for TotalEnergies’ GranMorgu FPSO project in Block 58, with responses due July 7. Regional Industry Context: CARICOM procurement leaders wrap up a Caribbean CIPS event series focused on strengthening supply chain resilience across Suriname, Guyana, and Trinidad and Tobago.

Suriname Energy Watch: Petronas says it has struck new oil and gas in offshore Block 52, with two exploration wells (Caiman-1 and SAC-1) plus a positive appraisal at Roystonea-2, lifting combined recoverable resources to over 1 billion barrels of oil equivalent and reinforcing Suriname’s push toward a deepwater hub. Offshore Build-Out: Tenaris has opened a new service center in Paramaribo to supply and manage casing and tubing for TotalEnergies’ GranMorgu project, supporting offshore logistics and inspection ahead of first oil targeted for mid-2028. Local Industry & Skills: SBM Offshore has begun sourcing a flotel services supplier for GranMorgu hook-up and commissioning, with responses due July 7—an early signal of the support-services demand that comes with major offshore projects. Cross-Border Infrastructure Row: The Corentyne River bridge dispute between Suriname and Guyana escalated again, with Guyana’s foreign minister denying it was ever officially told Suriname would finance the bridge alone, while Suriname maintains the plan was communicated earlier—keeping uncertainty high for regional transport and construction planning. Mining & Exploration: Miata Metals reported new high-grade gold intersections from its Puma East drilling at the Sela Creek Gold Project in Suriname, pointing to multiple mineralized centers and strengthening the case for the wider gold system.

Offshore Energy Build-Out: Petronas reported two new hydrocarbon discoveries plus a successful appraisal in Suriname’s Block 52, lifting cumulative successful finds to eight and recoverable resources above 1 billion barrels of oil equivalent—another signal that Suriname’s deepwater push is gaining momentum. Local Supply Chain for GranMorgu: Tenaris has started operations at a new Paramaribo service center built to support TotalEnergies’ GranMorgu FPSO project, supplying casing and tubing and adding logistics and inspection capacity for offshore installation. Tendering for Offshore Support: SBM Offshore has begun sourcing a flotel services supplier for GranMorgu hook-up and commissioning, with responses due July 7 and requirements including continuous gangway connection and DP3 capability. Corentyne Bridge Standoff: Guyana rejected Suriname’s claim that President Ali was informed of unilateral solo financing for the Corentyne River Bridge, with Foreign Minister Hugh Todd saying no official notification was made and that May 15 talks were only about flood relief. Regional Procurement Focus: CIPS wrapped up a Caribbean event series bringing Suriname, Guyana and Trinidad and Tobago together on supply chain resilience and procurement leadership.

Offshore Oil & Gas Build-Out: Tenaris has started operations at a new Paramaribo service center to support TotalEnergies’ GranMorgu floating offshore project in Block 58, supplying casing and tubing and adding logistics, inspection and digital order tracking. Energy Exploration: Petronas reported two new hydrocarbon discoveries plus a successful appraisal in Suriname’s offshore Block 52, lifting its successful finds to eight and pointing to Suriname’s growing deepwater role. Offshore Logistics Tendering: SBM Offshore has begun sourcing a flotel services supplier for TotalEnergies’ GranMorgu hook-up and commissioning, with responses due July 7 and requirements including continuous gangway connection and DP3 capability. Cross-Border Infrastructure Clash: Guyana rejected Suriname’s claim that President Ali was told Suriname would finance the Corentyne River Bridge alone, with Foreign Minister Hugh Todd saying the May 15 meeting was only about disaster relief and that Guyana was never notified via official channels. Regional Climate Risk: CariCOF warns El Niño strengthening and warmer seas could intensify heat, prolong drought in parts of the Caribbean, and raise heatwave and heavy-rain flood risks.

Corentyne Bridge Diplomatic Clash: Guyana’s Foreign Minister Hugh Todd rejected Suriname’s claim that President Irfaan Ali was told in May that Paramaribo would finance the 3.1-km Corentyne River Bridge alone, saying the May 15 meeting was only about disaster relief and that Guyana was never notified via official channels; Regional Integration Watch: CARICOM leaders opened their 51st summit in St. Lucia with a push for deeper regional integration; Energy Sector Momentum in Suriname: Petronas reported two new hydrocarbon discoveries plus a successful appraisal in offshore Block 52, lifting cumulative finds to eight and recoverable resources above 1 billion boe, while Tenaris started operations at a new Paramaribo service center to support TotalEnergies’ GranMorgu offshore project; Procurement & Supply Chains: CIPS wrapped up a Caribbean event series with Suriname, Guyana and Trinidad and Tobago focused on strengthening procurement leadership and supply chain resilience.

Corentyne Bridge Diplomatic Clash: Guyana says it was never told Suriname would finance the Corentyne River Bridge alone, rejecting Paramaribo’s claim that President Irfaan Ali was informed as far back as May; Guyana insists the project must stay a joint, bilateral undertaking. Energy Sector Build-Out: Petronas reports two new hydrocarbon discoveries plus an appraisal success in offshore Block 52, bringing recoverable resources to over 1 billion barrels of oil equivalent, while Tenaris has started operations at a new Paramaribo service center to support TotalEnergies’ GranMorgu offshore project. Regional Procurement Push: CIPS wrapped up a Caribbean event series with Suriname, Guyana and Trinidad and Tobago focused on strengthening supply chain resilience and procurement leadership. Climate Risk Watch: CariCOF warns El Niño strengthening could mean hotter, drier conditions and higher chances of damaging rainfall during the wet season. CARICOM Integration Agenda: CARICOM leaders open their summit aiming to keep integration moving “for the people,” with renewed focus on regional unity.

Corentyne Bridge Diplomatic Clash: Suriname says it told Guyana by May 15 that it would fund the Corentyne River Bridge alone, while Guyana’s President Irfaan Ali insists he received no formal correspondence and calls the project a joint venture. Energy Sector Momentum: Petronas reported two new hydrocarbon discoveries plus an appraisal in offshore Block 52, lifting cumulative Suriname successes to eight and recoverable resources above 1 billion barrels of oil equivalent. Offshore Supply Chain Build-out: Tenaris has started operations at a new Paramaribo service center to support TotalEnergies’ GranMorgu offshore project, including casing and tubing services and logistics for offshore installation. GranMorgu Logistics Gets Moving: Saipem began preliminary offshore work for GranMorgu after a vessel arrived at Jules Sedney Harbor, with a major port logistics hub set to handle incoming pipes and equipment. Regional Procurement Focus: CIPS wrapped up a Caribbean event series in Suriname, Guyana and Trinidad and Tobago aimed at strengthening procurement leadership and supply chain resilience. Climate Risk Watch: CariCOF warns El Niño strengthening and warming seas could intensify heat, prolong drought in parts of the region, and raise flood risks from heavy rainfall.

Offshore Oil & Gas Momentum: Petronas reported two new hydrocarbon discoveries plus a successful appraisal in Suriname’s Block 52, lifting cumulative successful wells to eight and recoverable resources to over 1 billion barrels of oil equivalent—Caiman-1 (oil) and SAC-1 (gas) with Roystonea-2 confirming reservoir extent. Local Energy Supply Chain: Tenaris has started operations at a new Paramaribo service center built to support TotalEnergies’ GranMorgu offshore project, offering casing/tubing supply, inspection and logistics under its Rig Direct model. Project Logistics for GranMorgu: Saipem began Suriname operations for GranMorgu, using Jules Sedney Harbor as a logistics hub and the DORDT marine base for subsea support ahead of offshore SURF work. Corentyne Bridge Dispute: Suriname says it will finance and build the Corentyne River Bridge alone, while Guyana’s President Irfaan Ali says he received no formal notice and insists the project remains bilateral. Regional Procurement Focus: CIPS wrapped up a Caribbean event series with Suriname, Guyana and Trinidad & Tobago, pushing supply-chain resilience and stronger procurement leadership. Climate Risk Watch: CariCOF warns El Niño strengthening and warmer Caribbean waters could intensify heat, prolong drought in parts of the region, and raise heatwave and flooding risks.

Corentyne Bridge Standoff: Suriname says it will fund and build the Corentyne River Bridge alone, but Guyana’s President Irfaan Ali insists Paramaribo has sent no formal government-to-government notice and says the project remains a joint undertaking. Offshore Oil & Gas Push: Petronas reports two new hydrocarbon discoveries plus a successful appraisal in Suriname’s Block 52, lifting cumulative successful wells to eight and recoverable resources above 1 billion barrels of oil equivalent. GranMorgu Industrial Build-Out: Tenaris has started operations at a new Paramaribo service center to supply and service casing and tubing for TotalEnergies’ GranMorgu offshore project, while Saipem begins GranMorgu SURF installation work after the Normand Navigator vessel arrived at Jules Sedney Harbor. Regional Procurement Focus: CIPS wrapped up a Caribbean event series with Suriname, Guyana and Trinidad & Tobago leaders, targeting stronger procurement leadership and more resilient supply chains. Climate Risk Watch: CariCOF warns El Niño strengthening and warmer seas could intensify heat, prolong drought in parts of the Caribbean, and raise risks of flooding during the wet season.

Corentyne Bridge Rift: Guyana’s President Irfaan Ali says Suriname has given no formal government-to-government notice that it will scrap the joint Corentyne River Bridge plan and instead fund the project 100% itself, after Suriname’s Public Works minister said the “Surinamese bridge” approach would reset timelines and likely require a new tender. Offshore Oil & Gas Push: Petronas reports two new hydrocarbon discoveries plus an appraisal well in Suriname’s Block 52, lifting cumulative successful finds to eight and recoverable resources above 1 billion barrels of oil equivalent, as the company weighs next steps toward development. GranMorgu Build-Out: Tenaris has started operations at a new Paramaribo service center to supply casing, tubing and related services for TotalEnergies’ GranMorgu offshore project, while Saipem begins GranMorgu installation work using the Normand Navigator and a dedicated logistics hub at Jules Sedney Harbour. Regional Procurement Focus: CIPS wrapped up a Caribbean event series with Suriname, Guyana and Trinidad & Tobago leaders, spotlighting supply chain resilience and the growing role of procurement executives in senior management. Climate Risk Watch: CariCOF warns El Niño strengthening and warmer Caribbean seas could intensify heat, prolong drought in parts of the region, and raise heatwave and heavy-rain flood risks.

Offshore Oil & Gas Momentum (Suriname): Petronas reported two new hydrocarbon discoveries plus a successful appraisal in Block 52, bringing cumulative finds to eight and recoverable resources above 1 billion barrels of oil equivalent—another push for Suriname’s deepwater “Golden Lane” development case. Project Build-Out (GranMorgu): Tenaris has started operations at a new Paramaribo service center to support TotalEnergies’ GranMorgu offshore project, supplying casing and tubing and adding logistics and inspection capacity for offshore installation. Construction Kickoff (GranMorgu): Saipem began GranMorgu operations after the Normand Navigator arrived in Paramaribo, setting up preliminary work and SURF installation logistics ahead of first oil targeted for mid-2028. Regional Infrastructure Shock (Corentyne Bridge): Suriname says it will scrap the joint Corentyne River Bridge venture with Guyana and finance the project itself, while Guyana’s President says the move is “news to me,” raising questions over tenders, timelines, and tolling models. Procurement & Supply Chain Leadership (CARICOM): CIPS wrapped up a Caribbean procurement event series with Suriname, Guyana, and Trinidad & Tobago focused on strengthening procurement leadership and supply chain resilience amid market pressure. Climate Risk Watch: CariCOF warns El Niño strengthening and warmer Caribbean seas could intensify heat and drought, while also increasing risks of extreme rainfall and flooding during the wet season.

Offshore Oil & Gas—Petronas Block 52: Petronas Suriname reported two new hydrocarbon discoveries and a successful appraisal well in offshore Block 52, bringing its Suriname tally to eight successful wells and recoverable resources above 1 billion barrels of oil equivalent. Industrial Services—Tenaris for GranMorgu: Tenaris started operations at a new Paramaribo service center built to support TotalEnergies’ GranMorgu deepwater project, supplying casing and tubing with logistics, inspection lines, and digital order tracking. Project Execution—Saipem mobilizes for GranMorgu: Saipem began GranMorgu offshore work after the Normand Navigator arrived in Paramaribo, with a SURF installation campaign and a major port logistics hub supporting first oil targeted for mid-2028. Infrastructure & Trade—Corentyne bridge dispute: Suriname says it will finance and build the Corentyne River Bridge alone, while Guyana’s President says he has received no formal notice and insists the project remains joint. Regional Energy—Caribbean Energy Week 2027 launch: Guyana announced the in-country launch of Caribbean Energy Week 2027 for July 20 in Georgetown, spotlighting upstream expansion, LNG, infrastructure build-out, and regional energy integration.

Offshore Oil & Gas: Petronas reports two new discoveries plus a successful appraisal in Suriname’s Block 52, bringing its total successful wells in the country to eight and recoverable resources to over 1 billion barrels of oil equivalent; Caiman-1 struck multiple oil-bearing sandstone intervals, SAC-1 delivered strong gas results, and Roystonea-2 confirmed the lateral extent of oil reservoirs—strengthening the case for multiple developments in the Suriname-Guyana deepwater corridor. Project Execution & Local Supply Chain: Tenaris has started operations at a new Paramaribo service center built to support TotalEnergies’ GranMorgu offshore project, offering casing/tubing supply and inspection services with logistics yard capacity and digital pipe tracking. Offshore Construction Kickoff: Saipem has begun GranMorgu operations after the Normand Navigator arrived in Paramaribo, setting up preliminary SURF installation work and using a major port logistics hub for incoming equipment. Cross-Border Infrastructure: Suriname has scrapped the joint Corentyne River bridge plan with Guyana, saying it will finance and manage the build itself and potentially use tolls—prompting Guyana President Irfaan Ali to say the move was “news to me.” Energy Transition Tech at PBM: Johan Adolf Pengel International Airport has rolled out CUPPS passenger processing technology, aiming to streamline airline interoperability and support future passenger growth.