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Strategic investments in infrastructure, training key to competitiveness of Guyana’s economy – Routledge 

OilNOW -
To bolster the competitiveness of Guyana's burgeoning economy, strategic investments in infrastructure and targeted training initiatives are pivotal determinants. This is according to ExxonMobil Guyana President, Alistair Routledge. Exxon is the operator of Guyana’s Stabroek Block.  In his presentation at...
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Rystad Energy cautiously revises Venezuela’s crude output growth amid sanction concerns

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Rystad Energy has adjusted its expectations for Venezuela's short-term crude output growth, expressing reservations about the nation's production trajectory given the current global oil market dynamics. Despite earlier predictions of a 200,000 barrels per day (b/d) expansion following the...
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After multiple delays, CGX prepares for Q2 start-up of cargo operations at Berbice port

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CGX is preparing to finally initiate cargo operations at the Berbice Deep Water Port (BDWP), with a targeted start in the second quarter of 2024, the company said in recent financial statements.  This follows multiple delays of work on the...
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Analyst sees new Canadian pipeline stirring up competition with Guyana barrels on U.S. West Coast

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As the Canadian Trans Mountain pipeline expansion project nears completion, likely in Q2 2024, an analyst from S&P Global Commodity Insights forecasts a shift in the dynamics of crude oil imports into the U.S. West Coast. This suggests a...
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SBM Offshore Guyana in search of more trainee technicians 

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SBM Offshore Guyana is paving the way for aspiring technicians by launching its Trainee Technician Programme for 2024. The initiative aims to cultivate a new generation of skilled professionals adept in safety protocols and technical competencies crucial for maintenance...
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July 28 set for Venezuela’s elections but Opposition ban still in place 

Shikema Dey -
 Elections are scheduled to be held in Venezuela on July 28, 2024 - the day that would have been Hugo Chavez's 70th birthday - to choose a president for a six-year term beginning on 10 January 2025. While this...
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Guyana is one of four incremental oil producers in the world – S&P 

Shikema Dey -
Factors affecting the global oil market have been plenty but prices have remained fairly balanced, said Carlos Pascual, Senior Vice President for Global Energy and International Affairs at S&P Global Commodity Insights. That is because of “strong oil balances”...
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TotalEnergies, QatarEnergy move to acquire stakes in South Africa’s 3B/4B

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TotalEnergies and QatarEnergy have inked an agreement to acquire participating interests in Block 3B/4B, offshore South Africa. This move sees the partners taking over stakes from Africa Oil South Africa, Azinam (a subsidiary of Eco Atlantic Oil and Gas),...
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Guyana is in Exxon’s top three deepwater developments around the world – Upstream President 

Shikema Dey -
ExxonMobil has placed Guyana in the ranks of its top three deepwater developments around the world, according to the President of its Upstream Company, Liam Mallon.  But in a few years, with the way producing is heading, its rank can...
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Petrobras achieves second-highest net income in history

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Petrobras, the Brazilian state-owned oil giant, has reported a net income of BRL 124.6 billion in 2023, marking its second-highest financial performance in history. Accompanying this figure are what Petrobras termed record-breaking results in  earnings before interest, taxes, depreciation, and...
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Letter-to-the-Editor: I commend the Labour Ministry’s independent assessment of FPSOs

Dear Editor, I am pleased to acknowledge the strides made by local authorities in taking the lead in managing Guyana’s...

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