AGP Executive Report
Last update: 5 hours agoSuriname Oil & Gas Logistics: SBM Offshore and Technip Energies will test a “first-of-a-kind” wind-assisted kite traction towing solution for TotalEnergies’ GranMorgu project offshore Suriname, aiming to cut towing duration and fuel use for the GranMorgu FPSO and validate kite wing launch/recovery for lower-carbon offshore logistics. Regional Energy Finance & Risk: TotalEnergies reported sharply higher Q2 cash flow and adjusted earnings, while major insurers are shifting underwriting away from Middle East war-risk exposure toward other oil basins—an environment that could affect future project costs and financing. Caribbean Wages vs Oil Boom: A regional wage review highlights that Guyana and Suriname—despite oil-driven growth—still sit among the lowest statutory minimum wages in the Caribbean (Suriname $1.40/hour; Guyana $1.66/hour). CARICOM-Germany Development Talks: CARICOM and Germany held their first strategic dialogue on development cooperation in Georgetown, with Suriname’s Ambassador Miriam Mac Intosh co-chairing, focused on making partnerships more resilient and robust. Maritime Safety in the Region: Search-and-rescue efforts continue after fishing vessel incidents in the wider Suriname/French Guiana/Brazil area, including a sinking case and appeals for intensified regional response. Governance & Trade/Travel: Suriname-linked regional travel policy updates continue to ripple through CARICOM as Spain clarifies Schengen visa rules for non-included countries.
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