financetom
Business
financetom
/
Business
/
Suriname's Staatsolie to launch offer for offshore oil areas in November
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Suriname's Staatsolie to launch offer for offshore oil areas in November
Aug 26, 2025 11:53 AM

PARAMARIBO, Aug 26 (Reuters) - Suriname state oil firm

Staatsolie will launch in November an "open-door offering" for

offshore areas to be explored and evaluated, the company said on

Tuesday, as the small South American nation seeks partners and

financing for what it hopes could be an oil and gas boom.

Following a positive investment decision last year for the

flagship $12 billion Gran Morgu project between TotalEnergies

, APA Corp ( APA ) and Staatsolie, and several reserve

findings by Malaysia's Petronas at Block 52, the country expects

to inaugurate offshore oil and gas output by 2028.

As opposed to neighbor Guyana, where all production is

controlled by an Exxon Mobil-led consortium, Suriname wants to

secure a diverse energy sector by promoting partnerships between

Staatsolie and companies from the U.S., Europe and Asia.

Companies currently exploring have been awarded areas following

bidding rounds.

Staatsolie and Petronas in June signed a production-sharing

contract for Block 66 in the western part of the Suriname-Guyana

Basin, expanding the total number of areas where Petronas is

participating to six.

In this upcoming round for offshore acreage, companies will be

able to opt for technical evaluation agreements or

production-sharing contracts, Staatsolie said in a release.

Full details for the offering will be published on November

24, Staatsolie added.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Air Products Slashes 2025 EPS Outlook, Incurs Big Exit Charges
Air Products Slashes 2025 EPS Outlook, Incurs Big Exit Charges
May 25, 2025
Air Products & Chemicals Inc. shares slipped in early Thursday trading after the company reported weaker-than-expected second-quarter 2025 results. The company reported sales of $2.916 billion, a slight decline of 0.5% year over year. It missed the consensus of $2.93 billion. Quarterly sales were flat, as gains from energy costs and pricing were offset by lower volumes and currency impacts....
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
Builders FirstSource Q1 Adjusted Earnings, Net Sales Fall; 2025 Net Sales Outlook Updated
Builders FirstSource Q1 Adjusted Earnings, Net Sales Fall; 2025 Net Sales Outlook Updated
May 25, 2025
08:43 AM EDT, 05/01/2025 (MT Newswires) -- Builders FirstSource ( BLDR ) reported Q1 adjusted earnings Thursday of $1.51 per diluted share, down from $2.65 a year earlier. Analysts polled by FactSet expected $1.37. Net sales for the quarter ended March 31 were $3.66 billion, down from $3.89 billion a year earlier. Analysts surveyed by FactSet expected $3.66 billion. The...
Pinnacle West Capital Swings to Q1 Net Loss, Operating Revenue Rises; 2025 EPS Outlook Maintained
Pinnacle West Capital Swings to Q1 Net Loss, Operating Revenue Rises; 2025 EPS Outlook Maintained
May 25, 2025
08:56 AM EDT, 05/01/2025 (MT Newswires) -- Pinnacle West Capital ( PNW ) reported a Q1 net loss Thursday of $0.04 per diluted share, compared with earnings per share of $0.15 a year earlier. Two analysts polled by FactSet expected a loss of $0.01. Operating revenue for the quarter ended March 31 was $1.03 billion, up from $951.7 million a...
Copyright 2023-2026 - www.financetom.com All Rights Reserved