US EditionArbitrators Reported to Have Reached Decision in ExxonMobil, Hess Dispute
7 Articles
7 Articles
Can oil save one of the poorest countries in South America? Or better said... can they save themselves from the curse? Surinam, that forgotten small strip to the north of the continent, which many would not know how to place on the map without opening Google, has just entered the radar of the greats of the world. And not by a political revolution or a civil war. No. What put Suriname in the eye of the international hurricane was an old acquainta…
Hess Withdraws From Suriname Offshore Oil Block, Ending Exploration Effort
By News Americas Business Editor News Americas, PARAMARIBO, Suriname, Weds. July 9, 2025: The American energy company Hess Corporation has quietly ended its pursuit of oil exploration in Block 59, a deepwater offshore area in Suriname, after failing to secure drilling partners and determining the project carried excessive risk. The withdrawal was confirmed by Suriname’s state-owned oil firm, Staatsolie, which said Hess had fulfilled its minimum …
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