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Haliburton unveils Obex  EcoLock® Pack to safeguard well casing integrity

OilNOW -
Halliburton has unveiled its latest innovation, the Obex EcoLock® compression-set packer, aimed at addressing the challenge of sustained casing pressure (SCP) in the oil and gas industry.  The company announced on July 2 that the Obex EcoLock packer is specifically...
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Shell selling interest in Indonesia’s Masela Block for $325 million in cash

OilNOW -
Shell Upstream Overseas Services Limited has agreed to sell its participating interest in Indonesia’s Masela Production Sharing Contract to Indonesia’s PT Pertamina Hulu Energi and PETRONAS Masela Sdn. Bhd. The sale concerns SUOS’ participating interest of 35% in the...
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Guyana can shift politics of energy in LATAM, offer U.S. preferred alternative to Venezuela crude – Goldman Sachs snr. executive

OilNOW -
Geopolitical swing states are critical to the world economy and balance of power, but they don’t have the capacity by themselves to drive the global agenda, at least for now, according to a recent article by Jared Cohen, President...
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Over US$10 billion in Stabroek Block investments recovered so far

Kemol King -
ExxonMobil, Hess and CNOOC have managed to recover more than US$10 billion in investments so far, to explore and develop the prolific Stabroek Block.  The Stabroek Block Production Sharing Agreement (PSA) allows the partners to recover investments by taking up...
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Latin America a key driver in global upstream oil and gas investments: Rystad Energy

OilNOW -
Latin America, along with the Middle East and North Sea, is set to be a pivotal region for the next wave of global upstream oil and gas investments, according to Rystad Energy. The study underlines a significant surge in...
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40+ Mount Sinai experts helping Guyana raise healthcare standard under Hess initiative

OilNOW -
Hess Corporation says more than 40 leading healthcare experts from Mount Sinai have been deployed to Guyana. These specialists have been entrusted with the task of building a high-quality primary care system and introducing specialised services in cardiology and...
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Equinor strengthens footing in Brazil with acquisition of Rio Energy

OilNOW -
Equinor has signed an agreement to acquire Rio Energy, a prominent onshore renewables company. The deal was formalised with Denham Capital, which will retain certain assets, while Equinor takes charge of the selected assets and the team. Pål Eitrheim, Equinor’s...
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OMNI Helicopters leverages ODITC facilities for SAR recruitment process

OilNOW -
ODITC, the collaborative venture of 3t EnerMech, Orinduik Development Incorporated, and Windsor Technologies, has opened its state-of-the-art assessment and training facilities to assist OMNI Helicopters with their local Search and Rescue (SAR) recruitment process. The ODITC Centre of Excellence Georgetown...
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Resilient developments in Brazil, Guyana, Norway helping accelerate global investment momentum – SLB

OilNOW -
International and offshore markets continue to showcase robust growth, outpacing North America's more moderated development, according to Olivier Le Peuch, CEO of SLB. He pointed out that these regions now make up nearly 80% of SLB's global portfolio, with...
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Government adamant borrowing is under control as opposition concerns mount  

OilNOW -
By 2028, Guyana projects that a year's oil revenue will be equivalent to almost its total outstanding debt. However, political opponents to the current administration have said the country's debt is mounting and this could impact its future prospects....
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Ali names 25-member cabinet; Vickram Bharrat back at oil ministry

President Irfaan Ali of Guyana unveiled 25 ministerial Cabinet appointees on Saturday evening, as the government embarks on its...

OilNOW is a Resource Center founded and owned by Guyanese. OilNOW is an apolitical, non-partisan, privately owned agency that strives to ensure the highest degree of accuracy and balance.

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