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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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Brazil’s Petrobras says O&G output for October topped 2.7 million boed

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Petrobras said on Thursday that its total oil and natural gas output in October was 2.77 million barrels of oil equivalent per day (boed), of which 2.67 billion boed was produced in Brazil and 104,000 boed abroad. The average oil...
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Total Chief would review Iran gas deal if new sanctions arose

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French oil and gas major Total would have to review its Iran gas project if the U.S. decided to impose unilateral sanctions on Tehran, given the company’s assets in the U.S. market, its chief executive told CNN. The oil major...
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Tariff threat puts new oil projects at risk – Wood Mackenzie analyst 

Dozens of new upstream oil and gas projects could be delayed if Trump-era tariffs are reintroduced, according to energy...

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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