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
24 July 2025
The reaction to proposed sanctions on Russian oil buyers has been muted, suggesting trader fatigue with Trump’s frequent bold and erratic threats
24 July 2025
Trump energy policies and changing consumer trends to upend oil supply and demand
24 July 2025
Despite significant crude projections over the next five years, Latin America’s largest economy could be forced to start importing unless action is taken
23 July 2025
The country’s energy minister explains in an exclusive interview how the country is taking a pragmatic and far-sighted approach to energy security and why he has great confidence in its oil sector