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Hess sees ‘excellent potential’ at Suriname’s Block 42

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Hess corporation sees great potential in the offshore Suriname basin where preparations are underway to ramp up the search for hydrocarbons in the Dutch-speaking South American country. Speaking on the company’s Q3 earnings call on October 30, CEO John Hess...
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Kosmos Energy makes discovery in Equatorial Guinea

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Kosmos Energy has made an oil discovery offshore Equatorial Guinea the country’s Ministry of Mines and Hydrocarbons announced on Sunday. The S-5 well was drilled at a total depth of 4,400 meters and encountered 39 meters of net oil play...
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Saudi Aramco IPO: World’s most profitable company to go public

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(BBC) Saudi Aramco has confirmed it is planning to list on the Riyadh stock exchange, in what could be the world's biggest initial public offering (IPO). The state-owned oil giant will determine the IPO launch price after registering interest from...
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TT helicopter operator expanding operations to Guyana with S-76 aircraft

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National Helicopter Services Ltd. (NHSL), a leading Sikorsky S-76® helicopter operator, is expanding operations with its first two S-76D™ aircraft in Guyana, a continuation of the significant growth of Sikorsky and Lockheed Martin in Latin America. NHSL has operated Sikorsky...
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Bloomberg: Meet the economy that the IMF sees growing 86% in 2020

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(Bloomberg) South America may be battered by weak growth, unrest and austerity but one of its smallest countries is about to experience the fastest economic growth on the planet. Guyana, a country of 780,000 that neighbors Brazil and Venezuela in...
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Oil companies in Guyana benefiting from positive value-creation cycle

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Exploration and Production (E&P) companies operating offshore Guyana are benefiting from a positive value creation cycle that started in 2015 while an estimated 800 offshore investments made during an upturn in 2010 to 2014 will struggle to generate any...
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Bloomberg: Giant Brazil offshore oil find might be expensive for Exxon

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Exxon Mobil Corp. could take a pass on what it considers the world’s top deep-water oil discovery when Brazil puts the giant Buzios field up for auction next week, Bloomberg said in a report on Thursday. The Irving, Texas-based oil titan...
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Exxon records $3.2B earnings in Q3 as Guyana value position further improves

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Exxon Mobil Corporation on Friday announced estimated third quarter 2019 earnings of 3.2 billion US dollars as the company continues to make progress on its long-term growth strategy and further improved the value of its position in Guyana with...
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Noble Don Taylor to begin 1-year contract at Stabroek Block

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The drillship Noble Don Taylor will soon begin a one-year contract for drill campaigns at the Stabroek Block offshore Guyana, operated by US oil major ExxonMobil with co-venturers Hess and China’s CNOOC. In announcing its Q3 results on Thursday, Noble said...
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Apache records $170M loss in Q3 as Suriname oil search ramps up

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US-based Apache Corporation has reported a quarterly loss of $170 million or $0.45 per diluted common share for the third quarter of 2019. “During the third quarter, adjusted production exceeded guidance while capital expenditures remained on pace with our full-year...
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TEDxTurkeyen conference to spark bold civic dialogue this August

A “space for fresh ideas, civic reflection, and visionary thinking”, TEDxTurkeyen is set to debut on August 29 at...

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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