Moody’s upgrades Suriname’s credit rating amid offshore oil boom expectations

(oilnow.gy) Moody’s Ratings has upgraded Suriname’s long-term local and foreign-currency issuer ratings from Caa3 to Caa1. The outlook is now positive, reflecting the anticipated economic benefits from a significant offshore oil project. This change is driven by TotalEnergies’ recent decision to proceed with the GranMorgu oil project in Block 58, which holds 750 million barrels of recoverable reserves. The... Continue Reading →

October 27, 2024 0

Petronas expected to FID Block 52 gas development – Staatsolie Head

(oilnow.gy) Suriname’s second final investment decision (FID) is expected from Petronas for a potential Block 52 development, Managing Director of Staatsolie, Annand Jagesar has said. Petronas Suriname E&P is the operator of Block 52 with a 50% participating interest. ExxonMobil Exploration and Production Suriname B.V. holds the other 50%. Three significant discoveries were made at... Continue Reading →

October 16, 2024 0

TotalEnergies to sign $10 bln deal on Suriname’s first offshore project, sources say

(Reuters) French oil major TotalEnergies will sign a final investment decision (FID) on Tuesday for a more than $10 billion offshore oil and gas development in Suriname, the country's first, said four sources with knowledge of the project. Located in Block 58 about 140 km off the coast of the South American country, the Gran Morgu... Continue Reading →

September 30, 2024 0

Blog at WordPress.com.

Up ↑

Category: FID

Moody’s upgrades Suriname’s credit rating amid offshore oil boom expectations

Petronas expected to FID Block 52 gas development – Staatsolie Head

TotalEnergies to sign $10 bln deal on Suriname’s first offshore project, sources say

Archives

Contact Us