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Halliburton strengthens technological prowess with acquisition of Resoptima AS

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In a strategic move to strengthen its position in the technology-driven reservoir management sector, Halliburton has announced the acquisition of Resoptima AS, a renowned Norwegian company. Resoptima specialises in data-driven reservoir management, providing innovative solutions to enhance oil and...
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Saudi Arabia’s Prince Abdulaziz suggests potential extension of new production cut, pledges commitment to market stability

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Saudi Arabia has unveiled an aggressive oil strategy by announcing an additional one million barrels per day (b/d) cut in its crude production. Energy Minister Prince Abdulaziz bin Salman made the announcement on June 4 as part of a...
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Saudi Development fund supporting Guyana’s infrastructure boom

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The Guyana government said it is set to receive significant financial support from the Saudi Fund for Development, with the signing of two major loan agreements totaling US$150 million. President Dr. Mohamed Irfaan Ali hosted a breakfast meeting at...
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Major international consortium cops ultra-deepwater Agua Marinha block in Brazil’s Campos Basin

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A consortium led by Petrobras has successfully signed the production sharing contract (PSC) for the Agua Marinha exploration block in the ultra-deepwater Campos basin, located offshore Brazil. This block was awarded during Brazil's first cycle of open acreage under...
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Suriname having hard time getting oil dollars; Guyana remains attractive – Jagdeo

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Vice President of Guyana, Dr. Bharrat Jagdeo, on Thursday discussed the challenge the country faces in attracting oil investments, as it contends with 85 other nations vying for similar opportunities via bid rounds. He made the comments in response...
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Frontera 76% deep in CGX’s business

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CGX Energy Inc., a Canadian firm in search of oil since the 1990s, is doing everything possible to maintain its presence in Guyana, the hottest exploration destination in the world. After its subsidiary, CGX Resources Inc. relinquished the Demerara...
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Qatar inks 15-year LNG supply deal with Bangladesh

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QatarEnergy’s liquefied natural gas (LNG) trading arm, QatarEnergy Trading, has entered into a long-term LNG Sale and Purchase Agreement (SPA) with Bangladesh Oil, Gas and Mineral Corporation (Petrobangla) to supply about 1.8 million tons per annum (MTPA) of LNG...
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India, Africa, UAE helping Guyana build capacity to manage oil sector

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Authorities in Africa, India, and the United Arab Emirates (UAE) are stepping up to help Guyana strengthen its oil sector capabilities, said Vice President Dr. Bharrat Jagdeo during a press engagement on Thursday in Georgetown. The chief policymaker for the...
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ExxonMobil and Nucor to Capture and Store 800,000 Metric Tons of CO2 Annually

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ExxonMobil Low Carbon Solutions recently announced a carbon capture and storage agreement with Nucor Corporation, one of North America's largest steel producers. Under this new agreement, ExxonMobil will undertake the capture, transport, and storage of up to 800,000 metric...
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Guyana must use all fora to advance facts on border case – Jagdeo

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The recent meeting of 11 South American Presidents and one Prime Minister in Brazil presented a significant opportunity for Guyana. According to Vice President, Dr. Bharrat Jagdeo, the occasion offered the country the chance to provide a factual perspective...
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U.S. Senator presents bill to strengthen security cooperation with Guyana amid Venezuela threats

United States Senator Michael Bennet (Democrat, Colorado) has proposed new legislation aimed at enhancing security cooperation with Guyana, deterring...

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