EnergyReader · 2026-08-02 15:13

Suriname's Block 52 Sweet Crude Advances While Traders Watch Hormuz

By EnergyReader Newsroom · August 2, 2026

Petronas holds an 80% working interest in Suriname's Block 52, with state company Staatsolie controlling the remaining 20% after exercising its contractual right to acquire a stake, Oilprice.com reported Saturday (2026-08-01). The partnership took shape after ExxonMobil, originally a 50% partner when Petronas made the Sloanea-1 discovery in 2020, assigned its full share to Petronas, after which Staatsolie signed a production-sharing contract to back in.

This piece has moved into our archive. We keep the full historical record — pricing, storage, weather, positioning — for our own research, and license access to it separately. Contact us about archive access →

What to watch Track the live series behind this story — history, latest readings and our coverage.

Strait of Hormuz oil/LNG transit flows →

Connected coverage Stories linked to Strait of Hormuz through the market graph: same hub, spread, route or driver.

Energy leaders at Gastech warn Hormuz deal will not quickly restore global LNG supply 13h ago · Strait of Hormuz same market China Resumes Oil Buying as Brent Climbs to $105 on Renewed Hormuz Attacks 28m ago · Brent via Strait of Hormuz Disruption Risk JKM Spikes 10.8% as Grid Connection Backlogs Delay Gas Turbine Deployments 21h ago · JKM via Strait of Hormuz Disruption Risk Oil Holds Above $100 as AI Capex Drives Core Inflation, Not Pump Prices 34m ago · Brent via Strait of Hormuz Disruption Risk Quaise Energy Closes $180 Million Series B With Nabors and JERA Backing 16m ago · JERA same desk Bond Yields at 19-Year Highs Fail to Shift WTI From $102 38m ago · WTI same desk

Get this in your inbox

Daily briefings for commodity traders

Related Markets

Crude Oil Strait of Hormuz Petronas ExxonMobil