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Facility with 25-tonne overhead cranes capable of docking three ships simultaneously for East Bank corridor

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Diamond Property Management, Inc. (DPM)/ Diamond Shorebase Inc (DSB) has eyed the construction of a new dock facility at Friendship, on Guyana’s East Bank corridor, in response to the increasing demand for port infrastructure as the country’s oil sector...
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Environment body grants Ramps Logistics EIA exemption for US$5M apartment complex for oil sector

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Ramps Logistics Guyana is pursuing the development of a US$5 million luxury apartment in the South American country in response to the housing demand brought on by the budding oil sector. The country’s Environmental Protection Agency (EPA) has said no Environmental...
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EOI out for MODEC mooring services 

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Builder of Guyana’s fifth production vessel – Mitsui Ocean Development & Engineering Company Inc. (MODEC) – is seeking Guyanese firms that can provide offshore installation of mooring equipment.  MODEC in a public Expression of Interest (EOI) said it is looking...
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Exxon will not neglect its responsibilities in the event of an oil spill– Routledge

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Top officials at ExxonMobil Guyana are reiterating that stringent measures remain in place to prevent an oil spill at its Stabroek Block operations. Company officials say in the unlikely event there is an incident, a robust set of tools,...
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Halliburton strengthens technological prowess with acquisition of Resoptima AS

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In a strategic move to strengthen its position in the technology-driven reservoir management sector, Halliburton has announced the acquisition of Resoptima AS, a renowned Norwegian company. Resoptima specialises in data-driven reservoir management, providing innovative solutions to enhance oil and...
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Saudi Arabia’s Prince Abdulaziz suggests potential extension of new production cut, pledges commitment to market stability

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Saudi Arabia has unveiled an aggressive oil strategy by announcing an additional one million barrels per day (b/d) cut in its crude production. Energy Minister Prince Abdulaziz bin Salman made the announcement on June 4 as part of a...
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Saudi Development fund supporting Guyana’s infrastructure boom

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The Guyana government said it is set to receive significant financial support from the Saudi Fund for Development, with the signing of two major loan agreements totaling US$150 million. President Dr. Mohamed Irfaan Ali hosted a breakfast meeting at...
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Major international consortium cops ultra-deepwater Agua Marinha block in Brazil’s Campos Basin

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A consortium led by Petrobras has successfully signed the production sharing contract (PSC) for the Agua Marinha exploration block in the ultra-deepwater Campos basin, located offshore Brazil. This block was awarded during Brazil's first cycle of open acreage under...
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Suriname having hard time getting oil dollars; Guyana remains attractive – Jagdeo

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Vice President of Guyana, Dr. Bharrat Jagdeo, on Thursday discussed the challenge the country faces in attracting oil investments, as it contends with 85 other nations vying for similar opportunities via bid rounds. He made the comments in response...
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Frontera 76% deep in CGX’s business

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CGX Energy Inc., a Canadian firm in search of oil since the 1990s, is doing everything possible to maintain its presence in Guyana, the hottest exploration destination in the world. After its subsidiary, CGX Resources Inc. relinquished the Demerara...
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Noble launches pre-qualification for offshore scaffolding services in Guyana

Noble Finance Company, an affiliate of Noble Corporation, has issued a Request for Information (RFI) to pre-qualify companies capable...

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