AGP Executive Report

Offshore Oil & Gas: TotalEnergies, Staatsolie and APA say the $12B GranMorgu/Block 58 project off Suriname remains on track for first output in mid-2028, with senior TotalEnergies leadership touring the Kuldipsingh Port Facility where major components are being staged for seabed installation. Mining & Metals: Miata Metals reports 94.6% average gold recovery from initial metallurgical tests on Jons Trend at the Sela Creek Gold Project in Suriname, and says its on-site sample prep lab is now operating to cut assay and shipping costs. Gold Project Ownership: Founders Metals completes its move to 100% ownership of the Antino Gold Project in southeastern Suriname and closes a strategic investment by Gold Fields, lifting Gold Fields’ stake to about 19.9%. Regional Infrastructure Finance: CARIF 2026 wrapped with a push to turn Caribbean infrastructure priorities into bankable projects, with Suriname’s VP Gregory Rusland outlining the country’s next investment cycle. Security & Trade Risks: Operation ATLAS NEXUS—covering Dominica and Suriname-linked participation—reported 156.9 tonnes seized and 490+ arrests across drug, human trafficking, document fraud, firearms and environmental crime.

Offshore Oil & Gas: Staatsolie head Annand Jagesar says TotalEnergies and partners in the $12bn GranMorgu project are on track for first output mid-2028, with about half the planned investment already spent and key wellhead components/materials due to be installed soon for Block 58. Mining & Metals: Miata Metals reports 94.6% average gold recovery from initial metallurgical tests on four Jons Trend composite samples at its Sela Creek Gold Project in Suriname, and says its on-site sample prep lab is now operating. Oil Sector Cooperation: Suriname and Venezuela signed a 2026–2027 hydrocarbon roadmap in Paramaribo, covering oil and gas exploration/production cooperation, technical assistance and training as Suriname gears up for large-scale offshore output. Agriculture & Trade Links: Curaçao and Suriname discussed deeper cooperation in agriculture, education, justice and maritime navigation, with oil-and-gas expertise also on the agenda. Regional Industry Supply: Barbados is looking to import silica sand and stone due to local shortages, with Suriname’s state-owned Grassalco emerging as a potential supplier.

Offshore Oil & Gas: Staatsolie says TotalEnergies’ GranMorgu project (Block 58) is on track for first output in mid-2028, with about 50% of planned investment already spent and Malaysia-made wellhead components and flow-control materials due to be installed soon. Energy Cooperation: Suriname and Venezuela signed a 2026–2027 hydrocarbon roadmap in Paramaribo, covering oil and gas exploration/production plus technical assistance and training as Suriname gears up for large-scale offshore development. Mining & Investment: Founders Metals completed its acquisition of the remaining 30% of the Antino Gold Project in southeastern Suriname, now holding 100% royalty-free interest, while Gold Fields increased its stake to about 19.9% via a C$76.96m strategic investment. Regional Industry Links: Barbados is looking to Suriname’s N.V. Grassalco for silica sand and stone to ease local building-material shortages and speed infrastructure projects. Agriculture & Trade Diplomacy: Curaçao and Suriname discussed deeper cooperation in agriculture, education, justice and maritime navigation, with oil-and-gas expertise also on the agenda.

Offshore Oil Watch: Staatsolie says TotalEnergies’ $12B GranMorgu project in Suriname (Block 58) is on track for first output in mid-2028, with about 50% of planned investment already spent and Malaysia-made wellhead components expected to be installed soon. Regional Energy Ties: Suriname and Venezuela signed a 2026–2027 hydrocarbon roadmap in Paramaribo, covering exploration/production cooperation, technical assistance and training as Suriname prepares for large-scale offshore output. Upstream Investment Interest: Indonesia’s Pertamina is exploring upstream equity stakes in Guyana and Suriname to diversify supply and strengthen energy security. Mining & Finance (Suriname): Founders Metals completed its move to 100% ownership of the Antino Gold Project in southeastern Suriname and closed a strategic C$76.9M investment by Gold Fields, lifting Gold Fields’ stake to about 19.9%. Construction Inputs: Barbados is looking to import silica sand and stone as local supplies tighten, with Suriname’s state-owned Grassalco emerging as a key supplier. Governance & Oversight: Guyana’s debt jumped by nearly US$1B in the first half of 2026, underscoring the wider fiscal pressure facing the region’s energy and infrastructure buildout.

Offshore Oil Progress: Staatsolie says TotalEnergies and partners on the $12B GranMorgu project are on track for first output in mid-2028, with about 50% of planned investment already spent and Malaysia-made wellhead components and flow-control materials due to be installed soon for Block 58. Regional Energy Cooperation: Suriname and Venezuela signed a 2026–2027 hydrocarbon roadmap in Paramaribo, including exploration/production cooperation plus technical assistance and training as Suriname prepares for large-scale offshore production. Upstream Interest Beyond the Region: Indonesia’s Pertamina is exploring upstream equity stakes in Guyana and Suriname to diversify supply and strengthen energy security. Mining & Materials Link: Barbados is looking to Suriname’s N.V. Grassalco for silica sand and stone to ease local shortages affecting infrastructure delivery. Suriname’s Mining Pipeline: Founders Metals completed its move to 100% ownership of the Antino Gold Project in southeastern Suriname and closed a strategic investment by Gold Fields.

Suriname–Venezuela Energy Push: Venezuela’s acting president Delcy Rodríguez and Suriname’s President Jennifer Geerlings-Simons signed a 2026–2027 hydrocarbon roadmap in Paramaribo, covering oil and gas exploration/production cooperation plus technical training, as Suriname prepares for larger offshore output. Regional Oil & Gas Capacity: The deal also signals deeper skills transfer for Suriname’s emerging sector, with Venezuela offering decades of upstream experience while both countries align on hydrocarbons, gas, and broader energy cooperation. Agriculture & Food Links: The same visit produced agreements and letters of intent spanning fishing and aquaculture, agrifood production, and inputs like urea—aimed at boosting food security and productive sovereignty. Construction Materials Supply: Barbados is looking to Suriname’s state-owned N.V. Grassalco for silica sand and stone as local supplies dwindle, tying raw-material access directly to faster infrastructure delivery. Mining/Metals Investment in Suriname: Founders Metals completed its move to 100% ownership of the Antino Gold Project in southeastern Suriname and closed a C$76.96m strategic investment by Gold Fields, lifting Gold Fields’ stake to about 19.9%. Upstream Market Outlook: Rystad Energy’s CEO says upstream is in a “buyer’s market,” with global investment plateauing and hotspots including Brazil, Guyana, and Suriname.

Suriname–Venezuela Energy & Agri Deals: Venezuela’s Acting President Delcy Rodríguez met Suriname’s President Jennifer Geerlings-Simons in Paramaribo and signed accords spanning hydrocarbons, gas, energy, fishing/aquaculture, transport, tourism, agriculture, education and health—plus cooperation aimed at food security and training for Suriname’s oil and gas professionals. Mining & Construction Inputs: Barbados is looking to Suriname’s state-owned N.V. Grassalco for silica sand and stone as local supplies dwindle, to speed up infrastructure projects. Oil & Gas Industry Moves: Indonesia’s Pertamina is exploring upstream equity opportunities in Guyana and Suriname to diversify supply and improve energy security. Mining Investment in Suriname: Founders Metals completed its move to 100% ownership of the Antino Gold Project in southeastern Suriname and closed a strategic C$77m investment by Gold Fields. Regional Cooperation: Curaçao and Suriname discussed deeper ties in justice, agriculture, education and maritime navigation, with oil and gas expertise also on the agenda.

Venezuela–Suriname Energy Deal: Acting President Delcy Rodríguez signed a 2026–2027 hydrocarbon roadmap in Paramaribo, covering oil and gas exploration/production cooperation plus technical training, as Suriname readies large-scale offshore output. Regional Energy Workforce Push: The visit also produced multiple cooperation accords, including plans to train Suriname’s oil and gas professionals and reopen air routes, alongside access for 200 Venezuelan fishermen in the Atlantic corridor. Mining & Construction Inputs: Barbados is turning to Suriname’s state miner Grassalco for silica sand and stone as local supplies tighten, aiming to keep infrastructure projects moving. Upstream Investment Interest: Indonesia’s Pertamina is exploring upstream equity stakes in Guyana and Suriname to diversify supply and strengthen energy security. Suriname Project Ownership: Founders Metals completed full ownership of the Antino Gold Project in southeastern Suriname and closed a strategic investment by Gold Fields, lifting Gold Fields’ stake to about 19.9%. Oil Market Outlook: Rystad Energy says upstream investment is near a plateau, with Brazil, Guyana and Suriname flagged as hotspots.

Oil & Gas Governance: Indonesia says Pertamina is exploring upstream equity stakes in Guyana and Suriname to diversify supply and improve energy security, as offshore output in the region draws more global attention. Venezuela–Suriname Energy Deal: Venezuela’s Delcy Rodríguez signed a 2026–2027 hydrocarbon roadmap in Paramaribo, including exploration and production cooperation plus training for Suriname’s emerging offshore industry, alongside plans to reopen air routes and expand Atlantic fishing access. Regional Cooperation Push: Curaçao and Suriname discussed deeper ties in agriculture, education, justice and maritime navigation, with Suriname’s oil-and-gas growth also on the agenda. Mining & Capital Markets: Founders Metals completed its move to 100% ownership of the Antino Gold Project in southeastern Suriname and closed a C$77m strategic investment by Gold Fields, lifting Gold Fields’ stake to about 19.9%. Construction Inputs: Barbados is looking to Suriname’s N.V. Grassalco for silica sand and stone as local supplies tighten, aiming to speed up infrastructure projects. Corporate Returns (Suriname-linked): APA declared a cash dividend and expanded buybacks, while its latest results highlighted steadier Permian output with fewer rigs and higher full-year guidance.

Oil & Gas Governance: Indonesia’s Energy Minister Bahlil Lahadalia says the new Special Oil and Gas Business Entity (BUK Migas) will report directly to President Prabowo, with licensing rules being finalized to avoid delays in boosting production. Suriname–Venezuela Energy Pact: Venezuelan Acting President Delcy Rodríguez and Suriname President Jennifer Geerlings-Simons signed a 2026–2027 hydrocarbon roadmap plus broader cooperation deals, including training for Suriname’s oil and gas workforce and technical support for exploration and production as Paramaribo prepares for large-scale offshore output. Regional Energy Investment Interest: Indonesia’s Pertamina is exploring minority equity stakes in upstream projects in Guyana and Suriname to diversify supply and strengthen energy security. Agriculture & Fisheries Cooperation: The same Suriname–Venezuela visit produced agreements spanning agriculture, fisheries and food security, including measures aimed at boosting productive sovereignty and harmonizing rules for sustainable seafood development. Construction Materials Supply: Barbados is looking to Suriname—via state firm N.V. Grassalco—for silica sand and stone to support faster infrastructure delivery as local supplies dwindle. Diplomatic/Maritime Cooperation: Curaçao and Suriname discussed deeper ties in agriculture, education, justice and maritime navigation, with Suriname’s emerging oil and gas sector also on the agenda.

Oil & Gas Finance: APA Corporation declared a regular cash dividend of 25 cents per share and added 40 million shares to its repurchase authorization; the firm also has offshore Suriname exploration and production interests. Amazon Energy Outlook: Rystad Energy says upstream is in a “buyer’s market” and global investment is plateauing, with Brazil, Guyana and Suriname flagged as hotspots. Suriname–Venezuela Energy & Skills: Delcy Rodríguez and Suriname President Jennifer Geerlings-Simons signed multiple cooperation agreements in Paramaribo, including hydrocarbons training for Suriname’s oil and gas workforce, plus deals spanning fishing, agriculture, transport, tourism, education and food security. Regional Resource Links: Barbados is looking to Suriname for silica sand and stone to support faster infrastructure delivery as local supplies tighten, with N.V. Grassalco named as a leading supplier. Power & Industry Pressure (Guyana): Opposition in Guyana criticized GPL’s management amid daily blackouts, warning the outages are hitting small businesses and manufacturers. Renewables/Infrastructure (Suriname): Suriname tendered solar-storage minigrids, pointing to continued grid and energy-access upgrades.

Venezuela–Suriname Energy & Trade Push: Acting President Delcy Rodríguez and Suriname President Jennifer Geerlings-Simons signed a wide set of cooperation agreements in Paramaribo, spanning hydrocarbons, fishing and aquaculture, agriculture, transport (air and maritime), tourism, education, and food security—with a key focus on training Suriname’s oil and gas workforce and reopening air routes plus access for 200 Venezuelan fishermen in the Atlantic corridor. Construction Materials Supply: Barbados is looking to Suriname to secure silica sand and stone/aggregate as local supplies dwindle, with state-owned N.V. Grassalco emerging as a leading supplier after talks in Paramaribo. Regional Power & Reliability Watch: Guyana’s opposition criticized GPL over persistent blackouts, highlighting the knock-on impact on businesses and manufacturers. Upstream Investment Outlook: Rystad Energy’s CEO said global upstream investment is at a plateau and may decline after 2030, while pointing to Brazil, Guyana, and Suriname as hotspots. Mining Sector Signals: Sranan Gold announced a change of auditor, with Crowe Mackay replacing DMCL, as the company continues exploration in Suriname. Solar Minigrids Tender: Suriname is tendering solar-storage minigrids, reinforcing the push for more reliable power.

Upstream Energy Outlook: Rystad Energy’s founder Jarand Rystad says global upstream investment is effectively on a plateau, with efficiency gains keeping production steady even as spending peaks fade—he flags Brazil, Guyana and Suriname as key hotspots. Regional Oil & Gas Links: Indonesia’s Pertamina is exploring upstream equity stakes in Guyana and Suriname to diversify supply and reduce reliance on Middle East imports. Suriname–Venezuela Industrial Cooperation: Venezuela’s Delcy Rodríguez signed a package of agreements with Suriname covering hydrocarbons, fishing, agriculture, transport, tourism, education and training—highlighting workforce training for Suriname’s oil and gas sector and plans to reopen air routes plus allow 200 Venezuelan fishermen in the Atlantic corridor. Construction Materials Trade: Barbados is looking to Suriname for silica sand and stone as local supplies tighten, with Suriname’s state-owned Grassalco emerging as a potential supplier. Mining & Finance: Sranan Gold Corp. announced a change of auditor, appointing Crowe Mackay LLP effective Sept. 4, 2026, as it continues exploration in Suriname.

Energy & Oil Investments: Indonesia’s Pertamina is exploring upstream oil and gas investment opportunities in Guyana and Suriname, including possible minority equity stakes, aiming to diversify supply and reduce reliance on Middle East imports. Energy Cooperation (Venezuela–Suriname): Venezuela’s Delcy Rodríguez and Suriname’s Jennifer Geerlings-Simons signed a package of agreements covering hydrocarbons, fishing, agriculture, transport, tourism, education and more, with a focus on training Suriname’s oil and gas workforce and boosting regional connectivity. Construction Materials Supply: Barbados is looking to Suriname—via state miner N.V. Grassalco—for silica sand and stone/aggregate as local supplies tighten, to support faster infrastructure delivery. Power & Grid Reliability (Regional): Opposition in Guyana renewed criticism of GPL amid daily blackouts, arguing billions allocated to the energy sector have not translated into reliable power for businesses and households. Renewables & Rural Electrification: Suriname’s EBS is tendering solar-storage minigrids and water infrastructure for indigenous communities under the Bio-Sweet program, with applications due Oct. 30. Mining & Exploration: Sranan Gold announced an auditor change, while Shearwater and SLB launched a 3D seismic survey in Brazil’s Equatorial Margin near the Morpho discovery—an area tied to the same exploration belt as Guyana and Suriname.

Suriname–Venezuela Energy & Trade Push: Venezuelan Acting President Delcy Rodríguez and Surinamese President Jennifer Geerlings-Simons signed a wide set of cooperation agreements in Paramaribo covering hydrocarbons, fishing, agriculture, transport, tourism, education and health, including training for Suriname’s oil and gas workforce and steps to reopen air routes plus access for 200 Venezuelan fishermen in the Atlantic corridor. Construction Materials Supply: Barbados is looking to Suriname—via state-owned N.V. Grassalco—for silica sand and stone as local supplies dwindle, aiming to speed up infrastructure investment. Rural Power & Water Projects: Suriname’s EBS is tendering solar-storage minigrids and water infrastructure for indigenous communities under the Bio-Sweet programme, with two procurement lots and deadlines set for late October. Mining & Gold Sector Update: Sranan Gold announced a change of auditor, appointing Crowe Mackay LLP effective September 4, 2026, as it continues exploration in Suriname. Regional Energy Outlook: A former IMF adviser warns Caribbean distributed solar-and-wind models may raise consumer costs, urging hydroelectric and centralized storage approaches instead.

Venezuela–Suriname Deal Push: Acting Venezuelan President Delcy Rodríguez signed a package of cooperation agreements with Surinamese President Jennifer Geerlings-Simons in Paramaribo, covering hydrocarbons, fishing and aquaculture, agriculture and food security, transport (air and maritime), tourism, education and health—plus plans for a high-level joint commission and training for Suriname’s oil and gas workforce. Energy Investment Watch: Indonesia’s Pertamina is exploring upstream oil and gas opportunities in Guyana and Suriname to diversify supply and strengthen energy security as offshore output in the region grows. Rural Power & Water Tenders: Suriname’s EBS is inviting bids for solar-plus-battery minigrids and water infrastructure in indigenous communities under the Bio-Sweet programme, with two tender lots and deadlines set for late October. Mining & Finance Update: Sranan Gold announced a change of auditor, appointing Crowe Mackay to replace DMCL. Construction Materials Link: Barbados is looking to Suriname for silica sand and aggregate as local supplies tighten, with talks focused on turning agreements into workable commercial arrangements. Gold Exploration Results: Founders Metals reported high-grade gold intercepts at its Antino project in southeastern Suriname, including 27.0m grading 20.38 g/t Au.