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Monthly Archives: November 2020

Suriname’s bonds among the world’s worst performers in 2020, nation close to reaching deal...

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(Bloomberg) Suriname is set to reach a deal with creditors as soon as this week after missing a $25 million interest payment on its...

ExxonMobil to prioritize spending on “advantaged assets” in Guyana, USA and Brazil

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Following a review of its future business plans, ExxonMobil announced on Monday that it intends to prioritize near-term capital spending on advantaged assets with...

Eco Atlantic increases acreage in Namibia, remains focused on world class Guyana basin

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Eco (Atlantic) Oil & Gas Ltd. said Monday it has successfully negotiated the reissuance of four licences in the Walvis Basin, offshore Namibia conditional to customary final...

Oil companies drill where data is most promising, but Liza and Tanager show results...

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Back in 2015, ExxonMobil made the decision to begin drilling for oil in Guyana at Liza-1 since this prospect was the biggest and best,...

Saipem pledges support for Women Empowerment Principles

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Italian multinational oilfield services company Saipem has signed the declaration of support for the Women Empowerment Principles (WEP) and the Manifesto for female employment...

Non consensus yet from OPEC+ on 2021 oil policy

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(Reuters) - OPEC and allies led by Russia have yet to find a consensus on oil output policy for 2021, after an initial round...

ExxonMobil looking for suppliers for its fiber optic cable project

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ExxonMobil Guyana is looking for suppliers to provide onshore installation services for its high-speed fibre-optic/wireless transport project. The company said in a public notice it...

For Guyana ‘light is right’ – the crude quality of choice

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The following is an opinion piece by Arthur Deakin, Analyst at Americas Market Intelligence (AMI) where he conducts political, economic, and other risk analysis activities...

Dreams of oil riches and prosperous times could be dashed when expectations are unrealistic

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Transforming billions of barrels of oil resources deep beneath the surface into cash in hand which can be used to directly benefit a country...

Fiscal smoothing for Guyana’s wealth funds

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Resource funds have been funded from a variety of sources. In some cases, large trade surpluses have been added to the foreign-exchange reserves of...