AGP Executive Report

Oil & Markets: APA Corporation beat Wall Street on second-quarter profit as Brent rose amid Middle East tensions, with Brent averaging $89.62/bbl and APA’s realized price up to $98.24; output fell nearly 12% to 410,000 boepd, but the company lifted its full-year U.S. oil forecast and expanded cost savings. Suriname Humanitarian Aid: Suriname sent a plane carrying seven tons of food and hygiene items to Venezuela to support people affected by the June 24 double earthquakes. Offshore Oil Buildout: Saipem has started operations in Suriname for the GranMorgu offshore project (Block 58), using the Normand Navigator and setting up a logistics hub at Jules Sedney Harbour; first production is still targeted for 2028. Regional Energy Logistics: Curaçao is positioning itself as a logistics hub for Suriname and Guyana’s offshore oil growth, pitching deep-water port services, bunkering and ship repair to capture new regional demand. Maritime Energy Transition: An IDB-commissioned study says no Caribbean port is yet fully ready for shore-side power or green fuel bunkering, but it flags the Bahamas as closest on policy and conventional bunkering—covering Suriname among the assessed countries. Governance & Trade: Guyana’s customs plan rollout is set for 2027, with more staff, scanners and monitoring aimed at drugs, counterfeiting and illegal gold mining.

Suriname Oil Outlook: Middle East tensions are lifting Brent prices, and that tailwind is feeding optimism for Suriname’s emerging offshore boom, with the GranMorgu project in Block 58 seen as a major value driver as markets price in higher crude. Offshore Execution: Italian contractor Saipem has started operations in Suriname for the GranMorgu offshore project, using the Normand Navigator and securing a logistics hub at Jules Sedney Harbour—an early step toward first start-up targeted for 2028. Regional Energy Logistics: Curaçao is moving to position itself as a logistics hub for Suriname and Guyana’s offshore oil growth, pitching port, repair, bunkering and offshore services to capture new regional demand. Corporate Earnings Watch: APA Corporation reported second-quarter results that beat Wall Street expectations, helped by higher crude prices even as output fell—important for Suriname-linked offshore exposure. Humanitarian Link: Suriname sent seven tons of food and hygiene supplies to Venezuela after the double earthquakes, showing continued cross-border support. Maritime Transition Readiness: An IDB-commissioned study flags gaps across Caribbean ports—including Suriname—in shore-side power and green fuel bunkering, with planning and investment still needed.

Offshore Oil & Jobs: Saipem has started operations in Suriname for the GranMorgu offshore project (Block 58), after the arrival of the Normand Navigator, with a logistics hub secured at Jules Sedney Harbour; the deepwater development is run by TotalEnergies (40%) with APA (40%) and Staatsolie (20%), and is expected to start up in 2028. Oil Market Tailwinds: With Middle East tensions pushing crude prices higher, Suriname’s emerging oil boom is getting a boost; GranMorgu is projected to drive about $26B in lifetime revenue, and analysts are watching whether higher prices translate into stronger project momentum. Maritime Security & Trade: A strike off Oman has disabled a Liberian-flagged bulk carrier and left a crew member missing, adding to attacks that have choked Strait of Hormuz traffic—an issue that can ripple into shipping costs and regional trade flows. Caribbean Energy Transition: An IDB-commissioned study says the Bahamas is among the most ready for maritime decarbonization, but shore-side power and green fuel bunkering are still not operational across key ports, including those in Suriname and Guyana. Governance & Business Networks: OECS and Dominica have taken over CARICOM’s Geneva chairmanship, keeping regional diplomatic coordination active for trade and policy alignment. Regional Business Leadership: CariCham elected Kiran Maharaj as chair and named Suriname’s Gino Naarden as vice-chair, aiming to turn regional trade relationships into concrete business opportunities. Corporate Finance (Suriname-linked): La Mancha Resource Fund plans to buy into Miata Metals via a private placement, deepening exposure to the Guiana Shield gold belt that includes Suriname’s Sela Creek.

Suriname Oil Outlook: Suriname’s GranMorgu project in Block 58 is back in focus as Middle East tensions push Brent above $95–$100, boosting optimism for the country’s next oil wave; the deepwater TotalEnergies–APA development is projected to generate about $26B over its life, with analysts watching whether crude prices can stay elevated. Maritime Security & Trade: Attacks near the Strait of Hormuz are disrupting shipping, with a Liberian-flagged bulk carrier reporting a strike that disabled the vessel and left a crew member missing—another reminder of how regional risk can quickly hit freight costs and availability. Caribbean Port Decarbonisation: An IDB-commissioned study says no Caribbean port is yet offering full shore-side power or comprehensive green fuel bunkering, but it flags Nassau (with Suriname included in the assessment) as a medium-term opportunity needing investment and planning. CARICOM Diplomacy: Dominica and the OECS have taken over the CARICOM Group chairmanship in Geneva from Haiti, keeping Suriname among the member missions coordinating positions at the UN and WTO. Business & Finance: La Mancha Resource Fund plans to buy into Suriname-linked Miata Metals via a financing that values its Sela Creek and Nassau gold exposure in the Guiana Shield, while Suriname’s oil sector growth narrative continues to draw investor attention.

Middle East Shipping Risk: A Liberian-flagged bulk carrier, the Minoan Pioneer, was disabled after an apparent projectile hit off Oman near the Strait of Hormuz, leaving a crew member missing and triggering a blackout and fire—another sign shipping traffic is being squeezed by regional attacks. Caribbean Port Decarbonisation: An IDB-commissioned study says the Bahamas is among the most prepared Caribbean states for maritime energy transition, but shore-side power and green fuel bunkering still need infrastructure—assessing readiness across ports including Suriname. CARICOM Diplomacy: Dominica and the OECS took over chairmanship of the CARICOM Group in Geneva from Haiti, keeping member missions aligned on positions at the UN and WTO. Suriname Oil Outlook: With Middle East tensions lifting global crude prices, Suriname’s emerging offshore push—centered on the GranMorgu project in Block 58—faces a more supportive price backdrop for future returns. Mining & Finance (Suriname-linked): Canadian explorer Miata Metals is raising funds and bringing in a major investor tied to Suriname gold projects, while Greenheart Gold reported early drill results at Igab. Business Community: CariCham elected a new chair and vice-chairs, including a Suriname Chamber of Commerce advisor, aiming to turn regional trade links into concrete business opportunities.

Suriname Oil Watch: Suriname’s oil outlook is improving as Middle East tensions push global prices higher, with the GranMorgu deepwater project in Block 58 projected to generate about $26B over its life—supporting optimism after earlier delays tied to drilling and seismic challenges. Regional Business Links: CARICHAM (Caribbean Chambers of Commerce) elected a new leadership team, including Suriname Chamber of Commerce advisor Gino Naarden as Vice-Chair, aiming to turn trade facilitation and advocacy into concrete business opportunities across the region. Mining & Finance (Suriname): Miata Metals is in the spotlight for Suriname-linked gold exposure, with La Mancha Resource Fund planning to buy a 19.9% stake via a private placement—potentially boosting capital for the Sela Creek project in Suriname. Conservation Jobs (Suriname): World Ranger Day coverage highlights Amazon Sustainable Landscapes training that included 169 rangers from Suriname and neighbors, focusing on leadership, conflict resolution and institutional management to build safer, more professional conservation careers. CARICOM Diplomacy: OECS and Dominica assumed the rotating chairmanship of the CARICOM Group in Geneva, with Suriname among the missions coordinating positions at the WTO and UN agencies.

Suriname Oil Outlook: Suriname’s emerging offshore boom is getting a boost as Middle East tensions push Brent above $95–$100, with the GranMorgu project in Block 58 (TotalEnergies and APA) seen as a potential $26B revenue driver over its life. Regional Energy Context: The same market pressure is being linked to wider “oil shock” effects across the Caribbean, where fuel and freight costs can quickly feed into food prices for import-dependent economies. Business & Finance Links: In Suriname’s wider investment orbit, La Mancha Resource Fund plans to buy into Miata Metals via a private placement, with Miata’s Sela Creek and Nassau gold interests in Suriname’s Guiana Shield highlighted. Trade & Diplomacy: OECS and Dominica have taken over CARICOM’s Geneva chairmanship, with Suriname among the missions coordinating positions at the WTO and UN agencies. Maritime & Services: Curaçao is moving to expand a maritime-industrial cluster around 2BAYS, aiming to grow port, offshore services, logistics and bunkering—an approach that could resonate across the Guyana–Suriname offshore corridor.

Suriname Oil Outlook: Middle East tensions are pushing Brent above $95–$100, and analysts say Suriname’s emerging offshore boom could benefit, with the GranMorgu project in Block 58 (TotalEnergies/APA) seen as a major revenue driver after its $26B lifespan estimate. Border & Environment Pressure: France is escalating concerns over illegal gold mining along the Suriname–French Guiana border, citing extreme mercury and arsenic contamination and urging joint action after Paramaribo did not ratify a 2021 border accord. Mining Finance: Canadian explorer Miata Metals is raising about C$23.28m for its Sela Creek project in Suriname, with La Mancha Resource Fund planning to buy a 19.9% stake—an investor signal for the Guiana Shield gold belt. Regional Business Links: CARICHAM elected a new leadership team, including Suriname Chamber of Commerce advisor Gino Naarden as Vice-Chair, aiming to turn trade facilitation and advocacy into concrete business opportunities. Digital Infrastructure: Blue NAP Americas and Cloud Carib are building a sovereign cloud foundation for Caribbean governments and regulated firms, with Suriname flagged among target markets for expansion.

Suriname Oil Outlook: Middle East tensions are pushing Brent above $95–$100, and Suriname’s emerging offshore boom is positioned to benefit, with the GranMorgu project in Block 58 projected to generate about $26B over its life as TotalEnergies and APA move forward after delays tied to drilling and seismic data. Border Mining Pressure: France is escalating calls for joint action over illegal gold mining along Suriname’s border with French Guiana, warning of extreme mercury and arsenic contamination and urging Paramaribo to tackle the crisis that’s spilling into local communities. CARICOM Diplomacy: Suriname is included in the CARICOM Group in Geneva, where OECS and Dominica have taken over the rotating chairmanship—important for regional trade and policy coordination. Regional Business Links: CariCham elected a new leadership team, with Suriname Chamber of Commerce advisor Gino Naarden named vice-chair, as the network pushes trade facilitation and disaster-risk reduction. Investment & Mining Finance: Miata Metals’ Suriname-linked Sela Creek project is drawing fresh capital, with La Mancha Resource Fund planning to buy a 19.9% stake as part of a broader financing push. Digital Infrastructure for Business: Blue NAP Americas and Cloud Carib are building a sovereign cloud foundation for Caribbean governments and regulated firms, aiming to improve resilience and business continuity.

Suriname Oil Outlook: Middle East tensions are pushing Brent above $95–$100, and Suriname’s deepwater GranMorgu project in Block 58—backed by TotalEnergies and APA—has been framed as a major upside, with the $26B development expected to translate into long-run revenue gains for the country’s emerging offshore boom. Caribbean Diplomacy: OECS and Dominica have taken over the CARICOM Group in Geneva chairmanship, keeping Suriname among the missions coordinating foreign policy positions at the UN and WTO. Digital Infrastructure: Blue NAP Americas and Cloud Carib are building a sovereign cloud foundation for Caribbean governments and regulated firms, pairing Curaçao data-centre capacity with cybersecurity and disaster recovery services. Mining & Health Risks: France is pressing for joint action over illegal gold mining along Suriname’s border with French Guiana, citing extreme mercury and arsenic contamination levels and warning of a growing public-health and environmental crisis. Business Finance (Suriname-linked): La Mancha Resource Fund plans to buy into Canadian explorer Miata Metals, tied to Suriname’s Sela Creek gold project, signaling continued investor interest in the Guiana Shield.

Digital Infrastructure & Cybersecurity: Blue NAP Americas and Cloud Carib are partnering to deliver sovereign cloud infrastructure for Caribbean governments and regulated institutions, combining Curaçao Tier IV data centre capacity with sovereign cloud, cybersecurity, disaster recovery and managed services. Mining & Public Health Risk: France is pressing for joint action with Suriname over illegal gold mining along the Marowijne border with French Guiana, citing extreme mercury and arsenic contamination and warning of escalating harm to Indigenous communities. Capital Markets & Debt Costs: Sri Lanka’s improved IIF debt transparency ratings are highlighted as a “transparency dividend” that can lower borrowing costs by reducing uncertainty for investors. Business Networking: CARICHAM (Caribbean Chambers of Commerce) elected Kiran Maharaj as new Chair, with Suriname’s Gino Naarden as Vice-Chair, aiming to turn regional trade facilitation into concrete business opportunities. Suriname Energy & Finance: Miata Metals upsized financing for its Sela Creek gold project in Suriname, with La Mancha Resource Fund planning to acquire a 19.9% stake. UNESCO & Heritage Pressure: UNESCO added new sites and placed several on its World Heritage in Danger list, including Historic Inner City of Paramaribo in Suriname, citing construction impacts. Maritime Drug Trafficking: A U.S. DEA assessment says strikes on drug-trafficking boats haven’t reduced cocaine supply to the U.S., with traffickers shifting routes toward aircraft and areas near coastlines, including routes involving Guyana and Suriname.

Suriname Mining & Environment: France is pushing for joint action over illegal gold mining along Suriname’s border with French Guiana, citing extreme mercury and arsenic contamination and warning the crisis is escalating. Mining Finance (Suriname-linked): Miata Metals is raising about C$23.3m for its Sela Creek gold project in Suriname, with La Mancha Resource Fund set to buy a 19.9% stake as a cornerstone investor. Corporate & Marine Services (US expansion incl. Suriname): CSA Ocean Sciences has officially joined APEM Group, expanding APEM’s US footprint and adding marine consultancy capacity with opportunities across Brazil, Cyprus, Trinidad, Suriname and Australia. Heritage & Tourism (regional): UNESCO added 25 new World Heritage sites, while also placing several conflict-hit properties on its “in danger” list—news that can affect regional tourism and conservation funding. Business Networks: CARICHAM elected a new chair and vice-chairs, aiming to turn regional trade relationships into concrete business opportunities. Sports (Suriname club): SV Robinhood’s CFU Club Shield run continues as they face Mount Pleasant for a final spot, keeping Suriname’s football brand in the regional spotlight.

Mining & Environment: France is pressing Suriname over illegal gold mining along the Marowijne border with French Guiana, calling it a “ticking time bomb” after reports of extreme mercury and arsenic contamination affecting Indigenous communities. Exploration Finance: Miata Metals (Sela Creek, Suriname) has upsized its financing, with La Mancha Resource Fund planning to buy a 19.9% stake via a private placement tied to the company’s gold projects in the Guiana Shield. Business Networks: CARICHAM elected Kiran Maharaj as new Chair, with Suriname Chamber advisor Gino Naarden named Vice-Chair, aiming to push trade facilitation and member value across the region. Marine Services Expansion: CSA Ocean Sciences officially joined APEM Group, expanding APEM’s US presence and adding marine operations capabilities with opportunities flagged for Suriname and other markets. Oil & Gas Context (Regional): Bloomberg warns Guyana’s oil management risks an “oil curse,” while ExxonMobil’s Stabroek exploration drilling schedule continues, underscoring ongoing investment momentum in the wider Guiana basin. Heritage & Risk: UNESCO added new World Heritage sites and expanded its “in danger” list, including Historic Inner City of Paramaribo in Suriname, as construction and threats raise preservation concerns. Drug Trafficking Pressure (Regional): A US DEA assessment says military strikes on suspected trafficking boats haven’t reduced cocaine supply to the US, with traffickers shifting routes toward aircraft and areas like Guyana and Suriname.

Caribbean Trade & Advocacy: CariCham (Caribbean Chambers of Commerce network) elected Kiran Maharaj as new Chair, with Suriname Chamber advisor Gino Naarden and Martinique’s Vanessa Victorin as Vice-Chairs, aiming to push trade facilitation, advocacy, member value and disaster-risk reduction. US Market Expansion: CSA Ocean Sciences officially joins APEM Group, adding a US hub and expanding marine environmental consultancy services, with new opportunities flagged for Brazil, Cyprus, Trinidad, Suriname and Australia. Suriname Border & Environment: France warns illegal gold mining along Suriname’s border with French Guiana is a “ticking time bomb,” citing extreme mercury and arsenic contamination and urging joint action after Suriname did not ratify a 2021 border accord. Mining & Capital Markets: La Mancha Resource Fund plans to buy a 19.9% stake in Miata Metals via private placement; Miata’s Suriname-linked Sela Creek and Nassau gold projects sit in the Guiana Shield. UNESCO Heritage Pressure: UNESCO added 25 new World Heritage sites, while also placing six sites on the “in danger” list—this week including Suriname’s Historic Inner City of Paramaribo amid construction-related changes. Drug Trafficking Pressure on the Region: A US DEA assessment says military strikes on suspected trafficking boats haven’t reduced cocaine supply to the US, and traffickers are shifting routes toward aircraft and areas including Guyana and Suriname. Offshore Energy Contracts: Saipem won about €911m in Eni-related contracts for Ivory Coast offshore work and an Italy biorefinery unit, underscoring continued investment in energy infrastructure.

Mining & Environment: France is pushing for joint action with Suriname after AFP reported illegal gold mining along the Marowijne border with French Guiana, with mercury and arsenic levels far above WHO limits and Indigenous communities saying they’re exposed daily through water and food. World Heritage & Risk: UNESCO added 25 new World Heritage sites worldwide, while also placing six on its “in Danger” list; notably, Suriname’s Historic Inner City of Paramaribo was among the sites flagged as threats grow from conflict, climate pressures and construction impacts. Drug Trade & Security: A new DEA assessment says U.S. military strikes on suspected drug boats have not reduced cocaine supply or price, and traffickers are shifting tactics—more aircraft and routes via Guyana and Suriname. Gold Exploration (Suriname): Greenheart Gold reported initial drill and trenching results from its Igab project in Suriname, including intersections at Koela, Lemon Tree and areas below historical artisanal workings. Corporate Finance (Global with Suriname links): La Mancha Resource Fund plans to buy a 19.9% stake in Miata Metals via private placement; Miata’s Sela Creek and Nassau gold projects are in Suriname’s Guiana Shield. Travel/Identity (Suriname angle): A Sri Lanka case said a murdered Chinese national used a Suriname passport, with investigators also probing links to cybercrime and large sums of money.

UNESCO World Heritage: UNESCO inscribed 25 new World Heritage sites, including emergency additions in conflict-hit Iran, Lebanon and Palestine, while also placing six sites on the “in Danger” list—among them the Historic Inner City of Paramaribo in Suriname—highlighting how conflict and climate pressures are now directly reshaping heritage protection. Suriname & border environment: France is pushing for joint action over illegal gold mining along Suriname’s border with French Guiana, citing extreme mercury and arsenic contamination and warning the situation is escalating into a public health and governance crisis. Drug trafficking & Suriname link: A new U.S. DEA assessment says Operation Southern Spear’s maritime strikes have not reduced cocaine supply or price in the U.S.; traffickers are adapting by shifting routes and using aircraft to reach destinations including Guyana and Suriname. Women & growth: A regional policy dialogue backed by the IDB put women’s economic participation, access to finance and formalization on the agenda, with Suriname-relevant regional lessons on productivity and inclusion. Business & energy: SBM Offshore says it is strengthening Malaysia’s role in global offshore energy projects, reflecting continued investment in execution capacity.