By Mitchell Ferman Apache Corp., confident in its oil discovery with TotalEnergies SE off Suriname’s coast, is pursuing further discussions for a floating liquefied natural gas site in cooperation with neighboring Guyana, an Apache executive told analysts and investors. Natural gas is a byproduct of oil production that companies handle in a variety of ways. Apache plans in…
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ch.kennedy /eyesonsuriname Amsterdam, 10 Feb 2023– APA Corporation has struck oil offshore Suriname in a deposit that could hold more than 200 million barrels in reserves. APA Corp. partners with TotalEnergies in Suriname, with a 50:50 split of the stakes in the project. So far, the two have drilled two appraisal wells and another two are…
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Finally Hope for Suriname ? Only and Exclusively If Managed Well eyesonsuriname Amsterdam, April 21 2022– For the second time in history the U.S.of A., could perhaps play a role of importance in Suriname. The first time was when bauxite was discovered in the early 1900 hundreds and Suriname played a crucial part, by delivering aluminium…
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Reform without unrest Part V Global Capital GC: What are the key reforms that this government has undertaken and how will they affect creditworthiness? Minister Achaibersing: We are not just fixing the roof. Given what we inherited, we are called upon to build new foundations. Under President Santokhi, our government has taken immediate steps to put…
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Restructuring before oil FID Part IV Amsterdam, February 18th 2022 — GC: Indeed, the projections in the IMF programme do not consider recent major offshore oil discoveries, citing the absence of clear private sector investment plans to extract these resources. How close is a final investment decision (FID) from Total and Apache on their Suriname discoveries?…
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To be or not to Be By Heike Meinhardt Amsterdam, February 18th 2022– Given that the IMF, IDB and World Bank are supposed to help Suriname resolve its debt crisis, pushing over $1 billion in new debt worsens the problem. Upholding policies for big oil profits is reckless for Suriname’s finances and devastating for the climate.…
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The last several years have been a difficult time for Apache Corporation. The company has seen its stock price plummet – like many of its peer companies – as the U.S. industry’s success in creating a new abundance of both oil and natural gas has led to chronic low commodity prices. That in turn has…
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Stock of Apache Corp. surged more than 25 percent Tuesday after the Houston energy firm confirmed it struck oil offshore of the small South American nation of Suriname. Just two weeks after Apache formed a joint venture with the French energy major Total, the two companies said they’ve made a significant oil discovery that could…
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