AGP Executive Report
Last update: 7 hours agoOffshore Oil Execution: TechnipFMC says it has delivered “critical” subsea equipment for TotalEnergies’ GranMorgu deepwater project in Suriname’s Block 58, supporting the next phase of work under its 2024 iEPCI contract. New Offshore Work in Suriname: Italian contractor Saipem has started operations in Suriname for the GranMorgu SURF package, using the Normand Navigator and setting up a logistics hub at Jules Sedney Harbour ahead of expected start-up in 2028. Oil Market Tailwinds: Suriname’s oil outlook is getting a boost from higher global crude prices tied to Middle East tensions, with GranMorgu projected to drive major revenue over its life. Regional Energy Logistics: Curaçao is moving to position itself as a logistics hub for Suriname and Guyana’s offshore oil build-out, leveraging port, bunkering and offshore services to attract new business. Mining Exploration Update: Founders Metals reports high-grade growth at its Antino Gold Project in southeastern Suriname, including 28.0m at 14.27 g/t gold from drill hole FR249. Humanitarian Aid: Suriname sent seven tons of food and hygiene supplies to Venezuela following the June double earthquakes. Maritime Security & Trade: A study commissioned by the IDB says no Caribbean port is yet fully ready for shore-side power and green fuel bunkering, with Suriname included among the assessed countries. Governance/Business Environment: A leaked Guyana proposal and subsequent reporting allege a Dutch salvage firm was invited to recover the MV Barima before an RFP was issued, raising procurement transparency questions that could affect regional maritime contracting. Local Development Planning: Aruba’s San Nicolas forum brings government, investors and residents together around an integrated development plan—relevant to regional investment and urban growth discussions.
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