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Gas to Energy control center to monitor power outages in real-time

OilNOW -
The Gas to Energy project in Guyana will feature a state-of-the-art control center in Eccles, East Bank Demerara, to improve nationwide power reliability. This center will employ real-time monitoring to identify and address power outages promptly. Vice President Bharrat Jagdeo...
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SLB OneSubsea and TotalEnergies partner on major offshore Angola project

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SLB has secured a contract from TotalEnergies for its OneSubsea™ joint venture to deliver a 13-well Subsea Production System for the Kaminho project, offshore Angola. The project will be developed in two phases for the Cameia and Golfinho discoveries,...
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Oil contract terms key to Exxon’s multi-billion U.S. dollar investments in Guyana 

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The fiscal regime of the Stabroek Block Production Sharing Agreement (PSA) continues to be a key factor behind ExxonMobil's decision to continue investing billions of U.S. dollars into Guyana. So says Vice President and Business Services Manager at ExxonMobil Guyana...
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Kaieteur Block failed to meet ‘investment hurdle’ – Exxon Official

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ExxonMobil's Vice President in Guyana, Philip Rietema, said that the company's decision to withdraw from the Kaieteur Block last year was driven by the project's failure to meet ‘investment hurdles’ given the complex realities of oil and gas exploration.  “We...
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DOF Group announces acquisition of Maersk Supply Service in US$1.11 billion deal

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Norwegian offshore supply vessel company DOF Group has confirmed its agreement to acquire Denmark-based Maersk Supply Service (MSS) in a significant US$1.11 billion cash and stock transaction, announced on Tuesday. The merger will consolidate under the DOF Group banner, creating...
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Guyana’s biggest FPSO by target production to set sail in H1 2025

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Guyana is set to welcome a trailblazing new floating production, storage and offloading (FPSO) vessel next year. The ONE GUYANA vessel, being constructed by SBM Offshore, is targeting the highest initial oil production observed in the industry for an...
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Stabroek Block operator ExxonMobil tops June 2024 charts for global market cap.

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Texas-based oil major ExxonMobil, operator of Guyana’s Stabroek Block ranks number one on global charts for June 2024, based on market capitalization among the top oil companies in the United States. Market capitalization, sometimes referred to as market cap,...
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Horizon56’s digital solutions transform offshore operations in Guyana

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Horizon56 has showcased the transformative impact of its RigFlow™ and RigBridge™ solutions on offshore operations in Guyana’s Stabroek Block. ExxonMobil is the operator of the asset alongside Hess and CNOOC.  Horizon said its digital tools have significantly enhanced efficiency, safety,...
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Touchstone secures onshore bid round exploration licences

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Touchstone Exploration Inc. announced that its Trinidadian subsidiary, Primera Oil and Gas Limited (POGL), has entered into Exploration and Production (Public Petroleum Rights) Licences for the Cipero and Charuma blocks. These licenses became effective on July 1, 2024. The Cipero...
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Guyana quickly moving up the ranks of World Bank’s high income economies

OilNOW -
Guyana is quickly moving up the rankings of the World Bank’s high-income economies. After joining the high-income group last year, the country jumped four places to 63rd based on 2023 growth. The ranking is based on the Bank’s calculation of...
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Upcoming Business Talk to address invoicing in Guyana’s oil & gas sector

The Centre for Local Business Development, in partnership with the Greater Guyana Initiative, will host an in-person session titled...

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