AGP Executive Report
Last update: 20 minutes agoSuriname Oil Outlook: With Middle East tensions lifting Brent, Suriname’s emerging offshore boom is getting a pricing tailwind; the GranMorgu project in Block 58 is pegged at about $26B over its life, while current onshore output sits around 13,000–17,000 bpd. Project Execution: Italian contractor Saipem has started operations in Suriname for the GranMorgu offshore campaign, using the Normand Navigator and setting up a logistics hub at Jules Sedney Harbour ahead of a 2028 start. Regional Energy Trade: Curaçao is moving to position itself as a logistics hub for Suriname and Guyana’s offshore oil growth, pitching port services, bunkering, and ship repair to capture new business. Company Finance Watch: APA Corporation beat Wall Street expectations for Q2 profit as higher crude prices offset lower output; most operations include exposure to Suriname offshore. Mining Update: Founders Metals reported high-grade growth at its Antino Gold Project in southeastern Suriname, including 28.0m at 14.27 g/t Au in drill hole FR249. Governance & Trade: Guyana customs announced a phased “Customs Plan 2030” starting in 2027, adding staff, scanners, and surveillance to fight drugs and illegal gold mining. Maritime Transition: An IDB study says no Caribbean port yet offers full shore-side power or comprehensive green fuel bunkering, with readiness varying by country including Suriname. Sports & Community: Hopeful Hearts Foundation was named Antigua and Barbuda’s National Leader for Good Deeds Day, while regional volleyball medals went to Thailand/Vietnam (women) and Colombia/Pakistan/Sri Lanka (men) supported by FIVB Volleyball Empowerment.
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