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Exxon business centre reaches out to Linden

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ExxonMobil’s Centre for Local Business Development (CLBD) in collaboration with the Linden Chamber of Commerce met last Wednesday with local businesses from Linden as part of a series of country wide meetings with the business community in Guyana, South...
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Total will lose entire investment if it pulls out of South Pars -Iran oil minister

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(Reuters) - France’s Total will lose all of its investment if it pulls out of a deal with Iran to develop South Pars, the world’s largest gas field, the Iranian oil minister said on Tuesday. “If Total, without the enforcement...
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Venezuela leans on foreign partners for oil to feed its refineries

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Venezuela’s state-run PDVSA is siphoning oil from its cash-paying joint ventures with foreign firms to feed its domestic refineries, two sources close to the matter told Reuters, at a time when late debt payments have triggered defaults. According to a...
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Guyana reshaping security reform for O&G related crimes – security minister

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The Guyana Government is refocusing its €4M British Security Reform Project along with its US$15M Citizens Security Project for a more tailor-made approach to tackle potential criminal realities associated with a booming oil economy. Minister of Public Security, Vice President, Khemraj Ramjattan,...
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Guyanese crew members get thumbs-up for safety onboard Chouest vessels

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Several Guyanese crew members working onboard the Edison Chouest MV Cat Island, Fast Titan and Hannah Chouest vessels have been recognized for their safety performance. The El Dorado Offshore employees were recognized by ExxonMobil through the company’s Catch of the...
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Funds with $630B react to Norway oil ‘revolution’

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(Bloomberg) Asset management in the Nordic region is dominated by Norway’s $1 trillion sovereign wealth fund, which last week said it wants to exit all its oil and gas stocks. Bloomberg spoke with institutional investing heads who help manage a...
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TechnipFMC says surface activity outside North America resilient

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UK-based TechnipFMC says its surface activity outside of North America has been resilient, and the pricing environment has stabilized. In the company’s 3Q 2017 earnings conference call, CEO Douglas Pferdehirt, said, “The Middle East, North Africa and the North Sea...
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AT&T and Shell Sign Global Networking Agreement

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AT&T and Shell have signed an agreement for the provision of managed communications and network integration services for Shell globally. The agreement aligns with Shell's efforts to transform its complex IT operations by adopting more market standard services and fosters...
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Anadarko Petroleum sees 11% rise in 2018 sales volumes

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Anadarko Petroleum Corp. (NYSE: APC) has forecast an 11% rise in sales volumes for 2018, as shale producers boost oil output aggressively, taking advantage of recovering oil prices. The Woodlands, Texas-based oil and gas producer said it expects to sell...
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If oil triggers loss of agriculture Guyana could face social, economic upheaval

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As Guyana gears up to be a significant oil producer in the Caribbean and Latin American region, warnings about the potential neglect of other sectors, such as agriculture, and the resulting impact this could have on the country of...
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Fiscal terms in Guyana, Namibia, Angola ‘striking the right balance’ – WoodMac

Global provider of data and analytics, Wood Mackenzie, said host governments, such as those in Guyana, Namibia, and Angola,...

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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