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Trump administration reduces royalty rates in first U.S. oil, gas lease sale

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(Reuters) The Trump administration on Thursday announced its first offshore oil and gas lease sale, offering 76 million acres (30 million hectares) in the Gulf of Mexico and reduced royalty rates for shallow-water leases to encourage drilling at a...
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Halliburton looking to open office in Guyana

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Guyana's Minister of Natural Resources, Raphael Trotman, and a team of technical officers of the Petroleum Department of the Ministry of Natural Resources met with Mr. Jeffrey Miller, President and CEO of Halliburton, and his team at the Ministry’s...
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Trotman says Guyana is “right on target” with preparation for first oil

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“We are not in a sprint, we are in a marathon” were the words echoed by Guyana’s Minister of Natural Resources, Raphael Trotman, at the opening of ExxonMobil’s Centre for Local Business Development on Thursday. The US supermajor’s Country...
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ExxonMobil opens ‘100% Guyanese outfitted’ business development centre

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US supermajor ExxonMobil officially declared open its Centre for Local Business Development in Georgetown, Guyana, on Thursday. This new facility will assist small and medium-sized Guyanese businesses with building their capacity and improving their competitiveness in the oil and...
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TechnipFMC says it has aggressive local content policy, “big plans for Guyana”

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TechnipFMC, a leading provider of oil and gas projects, technologies, systems and services, says it has an aggressive local content policy and “big plans for Guyana” as it moves forward with development work offshore the South American country. The...
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Premier makes significant oil discovery offshore Mexico

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Premier Oil, together with its joint venture partners Talos Energy (Operator) and Sierra Oil & Gas, announced Wednesday that the Zama-1 exploration well in Block 7, offshore Mexico, has made a world class oil discovery. The Zama-1 well is...
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Smart investment of oil revenues could create significant jobs – US Deputy of Mission

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Significant jobs and prosperity await Guyana, but only if revenues from oil production, set to begin in 2020, is invested wisely. Deputy Chief of Mission of the US Embassy in Guyana, Terry Steers-Gonzalez, says the time for policy makers...
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Electricity investment overtakes oil and gas for the first time ever

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(CNBC) Fossils fuels are no longer the largest recipient of investment in the energy sector, the latest report from the International Energy Agency said Tuesday. Investment in the electricity sector received the largest level of investment for the first time...
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ExxonMobil wants Guyana to provide onshore services

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Country Manager says it doesn't matter whether shore base is in Georgetown or Berbice Country Manager of ExxonMobil Guyana, Rod Henson, said it does not matter whether an onshore logistics base to support the Liza development project is located at...
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Oil booms are followed by hangovers: Guyana must prepare – GOGA CEO

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Oil booms result in bursts of economic growth, but this is often followed by a downturn that severely affects countries unprepared to mitigate the effects of falling prices. The head of the Guyana Oil and Gas Association (GOGA) says...
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Middle East tensions could lift Guyana’s oil revenues, but capacity risks remain – Orinoco Research

Rising geopolitical instability in the Middle East could increase oil revenues for Guyana while also exposing capacity constraints across...

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