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Exploration

Exxon continuing drilling operations at Fangtooth; likely to be 7th Guyana project

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ExxonMobil Guyana is continuing drilling operations at the Fangtooth well site, which yielded a discovery last year, the Maritime Administration Department (MARAD) revealed in a notice. Operations are being undertaken by the Stena Carron rig and are expected to take...
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Trinidad and Tobago gets high overall score for EITI implementation

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The Norway-based Extractive Industries Transparency Initiative (EITI) has graded Trinidad and Tobago 89 points out of 100, a high overall score in implementing the 2019 EITI Standard. This Standard outlines requirements for implementing countries in their mission to disclose...
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TotalEnergies inks deal to buy CEPSA’s upstream assets in the UAE

OilNOW -
TotalEnergies said it signed an agreement to acquire CEPSA’s upstream assets in the United Arab Emirates, with effect from January 1, 2023. The assets to be acquired are: a 20% participating interest in the Satah Al Razboot (SARB), Umm Lulu, Bin...
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Frontera farm-in to Corentyne complete; Demerara, Berbice blocks relinquished

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In narrowing their focus on the northern section of the Corentyne Block, the co-venturers have completed a farm-in agreement that increased Frontera Energy’s stake to 68% and decreased CGX Energy’s stake to 32%. CGX announced the completion last Wednesday. The farm-in...
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24 Guyanese to get fast-tracked introduction to oil sector with GO-NDE’s new “Learn & Earn” training program

OilNOW -
GO NDE Inc. has teamed up with Global Compliance Service Inc. to grant 24 Guyanese nationals an opportunity to fast-track their introduction to the oil and gas industry through its newly developed “Learn & Earn” Training program. GO NDE said...
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Flooding market with foreign currency in response to “artificial shortage” could invite Dutch Disease – VP Jagdeo

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The Georgetown Chamber of Commerce and Industry (GCCI), a key advocate for the business community in Guyana, has complained in recent weeks of foreign currency shortage. This, it said makes conducting trade costlier. But Guyana’s Central Bank as well...
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Exxon’s Kaieteur, Canje blocks will comply with new PSA terms – VP Jagdeo

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As he maintained there will be no renegotiation of the Stabroek Block Production Sharing Agreement (PSA), Guyana’s Vice President, Dr. Bharrat Jagdeo has confirmed that nine other offshore blocks will be subjected to new terms which include a 10%...
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“Great confidence” in Block 58’s Sapakara reservoir as resource estimate jumps to 600+ million – APA Corp.

Shikema Dey -
Despite the uncertainty surrounding a final investment decision (FID) for Suriname’s Block 58, the President and Chief Executive Officer (CEO) of partner APA Corporation, John Christmann expressed confidence in the Sapakara prospect. In fact, Christmann told investors that it would...
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VEHSI owners in talks to expand artificial island for potential new clients

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Director of the Vreed-en-Hoop Shore Base Inc. (VEHSI), Nicholas Deygoo-Boyer said the company is in talks with potential new clients to expand the acreage of the new artificial island in the Demerara River. “ got clients who are interested in...
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Guyana, India MoU to pave way for crude sale agreement, exploration

OilNOW -
Guyana and India are on the brink of inking a trailblazing Memorandum of Understanding (MoU) on the energy sector. The document which is currently being reviewed by India’s Cabinet could allow for the purchase of Stabroek Block crude, capacity...
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Guyana Electric boosts grid reliability with specialized high-voltage training

Guyana Electric has launched specialized training courses in medium and high-voltage cable terminations and joints, aimed at improving installation...

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