Suriname's state energy company Staatsolie and an affiliate of Malaysia's oil firm Petronas on Tuesday signed a production-sharing contract for exploring and developing an offshore oil and gas block, ...

Petronas will begin drilling on Sunday, the first of three wells in an exploration campaign aimed at finding additional oil ...

U.S. oil producer Hess Corp has decided to withdraw from Suriname's offshore Block 59, the South American nation's state oil ...

Hess relinquished the block to state-owned Staatsolie, following the withdrawal and transfer of participation stakes by ...

Annand Jagesar, managing director at Suriname state-owned oil company and market regulator Staatsolie, confirmed the Macaw-1 ...

U.S. oil producer Hess Corp has announced its decision to exit Suriname’s offshore Block?59, returning operations to the ...

Hess decided to discontinue Block 59 exploration after failing to bring in new partners following Equinor and ExxonMobil's ...

Hess fulfilled its minimum work obligations and has decided not to move forward to the next phase of the exploration period.

Suriname's Staatsolie is seeking to secure $1.5bn (Sr$53.47bn) in bank financing for the Gran Morgu energy project in 2025, reported Reuters, citing sources. This initiative marks Suriname's first ...

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 ...

B y Ank Kuipers. PARAMARIBO, June 29 (Reuters) - Suriname's state oil firm Staatsolie is getting ready to offer 60% of the country's offshore blocks for auction over the next 12 months, starting ...

Staatsolie would have to raise another $2 billion to secure its 20% stake. However, the company's participation in Block 58 could earn it about $700 million a year at peak production, Wood ...