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Hess awarded E&P Explorer of the Year for second consecutive year

OilNOW -
Energy company Hess has been named E&P Explorer of the Year for the second year in a row, as revealed in the 15th annual Wood Mackenzie exploration industry survey. Its Exploration Director, Tim Chapman made the announcement on July...
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TOTALTEC now 100% Guyanese, receives Local Content Certificate

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TOTALTEC Inc. has successfully transitioned to becoming a 100% Guyanese-owned company. CEO Lars Mangal recently announced this significant development, detailing the Guyanese founder’s acquisition of the entire share capital of TOTALTEC from its international, angel investors in May. This...
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Tullow, partners successfully start-up Jubilee South East project

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Tullow, alongside its joint venture partners Kosmos Energy, Ghana National Petroleum Corporation, Petro SA and Jubilee Oil Holdings, has announced the successful start-up of the Jubilee South East (JSE) Project, offshore Ghana. The first JSE production well has been brought...
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Mohameds deny allegations in Reuters report

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In the midst of a burgeoning controversy, Guyanese businessmen Nazar Mohamed and his son, Azruddin, partners in a multimillion-dollar venture to build ExxonMobil a shore base in Guyana, have refuted allegations of money laundering, drug trafficking, and gold smuggling....
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CNOOC awards scholarships to four Guyanese students

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CNOOC Petroleum Guyana Limited (CPGL) has awarded scholarships to four students from Guyana to pursue studies in Petroleum Sciences in China for the academic year 2023-2024. These four promising scholars—Nechemiyah Levans, Aria Matthews, Ishika Singh, and Nazeela Williams—are the...
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New Guyanese consortium acquires stake in Newrest Guyana

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Guyanese Achieving Together Enterprises (GATE), a consortium of local catering and food service operators, has purchased a substantial equity stake in Newrest Guyana, the country's premier offshore caterer and food supplier to the oil and gas sector. This acquisition comes...
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Guyana now classified as high-income country by World Bank as oil projects quintuple

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The World Bank has announced the elevation of Guyana's status to a high-income country, a milestone in the South American nation's economic journey. This update comes along with several other countries having their statuses adjusted in the latest annual...
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Tiny Guyana ahead of the pack in region plagued with stranded assets

OilNOW -
Stranded assets, a prevalent concern in regions heavily dependent on fossil fuels, are essentially investments that may never yield returns due to shifts in the market, typically driven by environmental considerations and the burgeoning clean energy revolution. While many...
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Brazil raked in US$12.9 billion in signing bonuses for 15 pre-salt blocks – Report 

OilNOW -
Brazil was able to cop a total of US$12.882 billion in signing bonuses from 15 block awards in its pre-salt area since the state-owned Petrobras made the first discovery back in 2006. This is according to the recent Economic...
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Woodside Energy abandons Trinidad block

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Australian-based Woodside Energy Group has handed back a deepwater block to the government of Trinidad and Tobago, following an appraisal that deemed its development financially unsound, according to a company representative on Wednesday. Reuters broke the story of the...
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As Errea Wittu FPSO takes shape, MODEC deepens roots in Guyana with permanent office 

Merely days after the Errea Wittu FPSO arrived in Singapore for the next stage of construction, builder MODEC marked...

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