What is the future of oil & gas in Suriname?
The future of oil and gas in Suriname looks promising. With significant investments from major international oil companies like TotalEnergies, the country is on the brink of an economic transformation. The GranMorgu project alone is expected to produce up to 220,000 barrels per day from around 30 wells, significantly boosting Suriname’s economy.
Will Suriname get 750 million barrels of gas in 2028?
With a $10.5 billion investment, this project aims to extract 750 million barrels starting in 2028, ushering in a new era for Suriname’s energy sector. Meanwhile, Petronas is advancing its gas development efforts in the country.
Will Suriname become a major oil producer?
Amsterdam, February 18 th, 2025 – In a groundbreaking move, SBM Offshore and TotalEnergies have announced a joint venture to develop offshore oil production in Suriname. This collaboration marks a significant milestone for the South American nation, poised to become a major player in the global oil and gas industry.
How many oil wells will Shell drill in Suriname in 2025?
Shell plans to drill four offshore wells in 2025 in Block 65, while Petronas explores new gas resources in Block 52, highlighting Suriname's energy potential. Shell is ramping up its oil exploration activities offshore Suriname.
Who owns Suriname's offshore oil project?
TotalEnergies operates the project with a 50% stake, while APA Corporation holds the remaining interest. Suriname’s state oil company, Staatsolie, has an option to acquire up to a 20% stake in the offshore block.
How much money does Suriname spend on oil & gas?
Investment in Suriname’s oil and gas sector has been steadily gaining traction, with upstream spending increasing from $348 million in 2020 to $514 million last year, says Rystad Energy.
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| Saipem
Milan (Italy), November 14, 2024 – Saipem has been awarded an EPCI contract by TotalEnergies EP Suriname B.V., a subsidiary of TotalEnergies, for the subsea development of the GranMorgu project, located in the Block 58 oil and gas field, 150 km off the coast of Suriname. The contract is worth 1.9 billion USD. The full project, expected to last 5 years with a First Oil in 2028, …
Get Price →chile Archives
Independent power producer (IPP) Innergex Renewable Energy''s 30MW/120MWh Hale Kuawehi battery energy storage system (BESS) project has reached commercial operations. Metlen secures 2.5GWh BESS EPC contracts in Chile ... Electrical Energy Storage 2025. May 7 - May 9, 2025. Munich, Germany . Intersolar Europe 2025. May 7 - May 9, 2025. Munich ...
Get Price →Staatsolie
Two exploration wells are planned to be drilled in 2025 to facilitate these studies. On 13 September, Staatsolie and PetroChina Investment Suriname B.V. (PetroChina), a subsidiary of China National Petroleum Corporation, …
Get Price →TotalEnergies Secures SBM Offshore FPSO Hull for $9-Billion Suriname ...
TotalEnergies is the operator and holds a 50% interest in Block 58 with APA Corp. holding the remaining 50% stake. Suriname''s national energy company Staatsolie has the option to enter the development project with up to 20% interest upon final investment decision (FID).
Get Price →Suriname: TotalEnergies announces Final Investment …
Paramaribo, October 1, 2024 – Patrick Pouyanné, Chairman and CEO of TotalEnergies, met today in Paramaribo with His Excellency Chandrikapersad Santokhi, President of the Republic of Suriname, and Annand Jagesar, CEO of Staatsolie Maatschappij Suriname N.V., Suriname''s National Oil Company, to announce the Final Investment Decision (FID) for the "GranMorgu" …
Get Price →NOC raising funds to cover its share of costs for …
Located within Block 58, around 150 kilometers off Suriname''s coast, the GranMorgu project is currently anticipated to achieve first oil in 2028 by developing the Sapakara and Krabdagu oil discoveries with recoverable reserves estimated at over 750 million barrels in water depths between 100 and 1,000 meters.. After TechnipFMC got a $1 billion contract for …
Get Price →204MW BESS project planned in Romania with …
Minister of Energy Sebastian Burduja signing 24 financing contracts for self-consumption solar and storage projects, worth nearly €14 million. Image: Ministry of Energy. A 204MW battery energy storage system (BESS) project in …
Get Price →A New Era for Suriname''s Offshore Oil Production: SBM …
Amsterdam, February 18 th, 2025 – In a groundbreaking move, SBM Offshore and TotalEnergies have announced a joint venture to develop offshore oil production in Suriname. This …
Get Price →Suriname accelerates offshore oil exploration with strategic ...
Suriname plans to drill at least 10 offshore wells by 2026, with investments estimated at $9.5 billion, aiming to exploit significant oil reserves and attract foreign capital. …
Get Price →Italy to hold first energy storage capacity auctions in H1 2025
The energy minister of Italy has signed a decree paving the way for an energy storage capacity auction to kick off in the first half of 2025. ... The lithium-ion BESS auction could be held as early as the first half of 2025, the Ministry of Environment and Energy Security said. ... European Investment Bank has committed €108 million to ...
Get Price →TotalEnergies Invests USD 10.5 Billion in Suriname''s First …
TotalEnergies and APA Corporation are launching a USD 10.5 billion project in Suriname, targeting the development of offshore reserves in Block 58, with production starting in 2028 and promising economic prospects for the country. ... Energy Storage; Saudi Arabia awards BYD and Alfanar a 10,000 MWh contract. Tuesday 14 January 2025 ...
Get Price →Fabrication topsides GranMorgu FPSO for Chinese shipyards
The FPSO will play a central role in TotalEnergies'' $10.5 billion GranMorgu project offshore Suriname. Previously known as the Sapakara South-Krabdagu project, GranMorgu represents the first major development in Suriname''s Block 58, an area regarded as one of the most promising oil and gas regions globally.
Get Price →Suriname 1Q:25 NRG Prospector [PDF Download]
A major milestone in positioning Suriname as a regional oil and gas hub is the launch of its first offshore oil project by French energy giant TotalEnergies and its American partner APA Corporation. The project, concentrated in Block 58, includes plans for a state-of-the-art floating, production, storage, and offloading (FPSO) unit capable of ...
Get Price →SLB expands its presence in Suriname with new office opening
Supporting Suriname''s energy roadmap, enhancing customer performance and strengthening workforce development. PARAMARIBO, Suriname February 26, 2025 — Global technology company SLB today opened its new office in Paramaribo, Suriname in the presence of senior representatives from Staatsolie Maatschappij Suriname, including Director Downstream …
Get Price →Suriname Overview: Energy Future Looks Bright
A move into the renewables space and towards cleaner energy sources will afford Suriname to reduce its carbon footprint amid a rise in fossil fuel production offshore; thus, it will …
Get Price →Staatsolie must raise $1.5 billion for major …
Suriname''s Staatsolie needs to secure an unprecedented $1.5 billion in bank financing this year to ensure it can participate in the country''s Gran Morgu energy project, the head of the state-owned company told Reuters. The …
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Get Price →Guyana-Suriname Basin, Brazil among busiest regions this …
Top 40 Latest Headlines. Blocks in the Foz do Amazonas Basin enter the ANP''s Permanent Offer Cycle for the first time April 14, 2025; Italy''s Eni signs MoU with Argentina''s YPF on LNG project April 14, 2025; Brava Energia update of Atlanta Field production April 14, 2025; BW Energy Takes FID for Golfinho Boost Project off Brazil April 14, 2025; Argentina seals $20 …
Get Price →Southeast Asia''s biggest BESS officially opened in Singapore
Singapore has surpassed its 2025 energy storage deployment target three years early, with the official opening of the biggest battery storage project in Southeast Asia. The opening was hosted by the 200MW/285MWh battery energy storage system (BESS) project''s developer Sembcorp, together with Singapore''s Energy Market Authority (EMA).
Get Price →Suriname Energy Oil and Gas Summit and Exhibition
The 5th edition of the Suriname Energy, Oil & Gas Summit & Exhibition will once again be hosted by Staatsolie on the 17-20 June 2025, Paramaribo, Suriname under the theme, ''A New Dawn'' Post the announcement of the FID by TotalEnergies and APA Corporation in block 58 a $10.5 billion USD development should realize first oil production by 2028.
Get Price →Suriname: TotalEnergies announces an oil project of 200,000 …
Paris, September 13, 2023 – On the occasion of the meeting held in Paramaribo between Patrick Pouyanné, Chairman and CEO of TotalEnergies, His Excellency Chandrikapersad Santokhi, President of the Republic of Suriname, and Annand Jagesar, CEO of Staatsolie, TotalEnergies has announced the launching of the development studies for a large oil project in Block 58, …
Get Price →TotalEnergies awards major contracts to TechnipFMC and …
The project represents the first offshore development of this scale in Suriname. A strategic contract for Saipem. Italian group Saipem has secured a $1.9 billion contract for the subsea development of Block 58, a key component of the GranMorgu project.
Get Price →Rystad Energy: Suriname set for exploration surge
This project, which is expected to come online in 2028, is set to mark Suriname''s first deepwater offshore oil production, utilizing an FPSO vessel with oil production capacity of …
Get Price →Rystad Energy: Suriname set for exploration surge | Offshore
This project, which is expected to come online in 2028, is set to mark Suriname''s first deepwater offshore oil production, utilizing an FPSO vessel with oil production capacity of up to 220,000 barrels per day. The FPSO will also feature 2 million barrels of crude storage and a gas treatment capacity of up to 500 million cubic feet per day.
Get Price →Fabrication topsides GranMorgu FPSO for Chinese shipyards
The two leading Chinese shipyards Bomesc and Cosco have secured contracts from a joint venture between SBM Offshore and Technip Energies to construct topsides …
Get Price →First phase of Suriname photovoltaic project delivered
The microgrid integrates distributed energy sources, energy storage and conversion devices, enabling efficient and flexible electricity management. This is essential for regions of Suriname where infrastructure is limited. This renewable energy project will bolster Surinam''s predominantly oil-based energy production. Economic and future outlook
Get Price →Gresham House Energy Storage Fund revenues up
Gresham House Energy Storage Fund expects revenues of £42 million due to better dispatch rates of batteries in the balancing mechanism (BM). ... GRID''s Shilton Lane project is expected to complete the compliance stage in February 2025. ... Electrical Energy Storage 2025. 7 May 2025. Munich, Germany. Intersolar Europe 2025. 7 May 2025.
Get Price →Energy storage safety and growth outlook in 2025
Global energy storage installations are projected to grow by 76% in 2025 according to BloombergNEF, reaching 69 GW/169 GWh as grid resilience needs and demand balloon. Market dynamics and growth. Global energy storage projections are staggering, with a potential acceleration to 1,500 GW by 2030 following the COP29 Global Energy Storage and ...
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