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Exxon, Total, Shell among investors tapped by Qatar for world’s largest LNG project

OilNOW -
Sources in the global oil industry have disclosed that ExxonMobil, Total Energies SE, and Royal Dutch Shell are among the top investors eyed to come aboard Qatar’s mega liquefied natural gas (LNG) expansion project. Qatar Energy’s North Field expansion project is expected...
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T&T looking to unlock over 23tcf of gas, 455M barrels of oil with aggressive 2022 bid rounds

OilNOW -
According to the Prime Minister of Trinidad and Tobago, Dr. Keith Rowley, the latest gas reserve audit for the country established that at year-end 2020, technically recoverable resources amounted to 23.2 trillion cubic feet (tcf) and prospective resources at...
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Guyana says Venezuela trying to delay World Court ruling in border case

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Venezuela has submitted to the International Court of Justice (ICJ) a Preliminary Objection to the admissibility of the ongoing border controversy case with Guyana, resulting in a suspension of the hearing, Guyana’s Ministry of Foreign Affairs said on Wednesday. Now,...
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Venezuela set to resume oil shipments to Europe as US relaxes sanctions

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With most of Europe facing an economic crisis following Russia’s invasion of Ukraine, the United States has stepped in to relax some of its sanctions on Venezuela so that oil shipments can be resumed to keep several states from...
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Guyana to lead Latin America, Caribbean with highest 2022 growth rate – World Bank Report

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While the war in Ukraine is having substantial effects on the Latin America and Caribbean Region via higher commodity prices and weaker global growth, Guyana on account of its oil industry is projected to lead the pack this year...
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Guyana’s first Tesla goes 233 miles on US$12.50 of charge – owner

Shikema Dey -
With the direction the world is heading, investing in an electric vehicle (EV) is becoming the more cost-effective and environmentally-friendly choice. And if the skyrocketing fuel prices do not offer enough motivation to switch from motorcars that run on gasoline or diesel, the benefits...
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IDB expands funding for capacity building efforts in Guyana as oil operations surge

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The accelerated pace of oil and gas operations in Guyana is demanding more from supporting institutions. The economic context is changing so quickly that the Inter-American Development Bank (IDB) has had cause to restructure and expand a multi-million-dollar loan...
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Guyana to the world: “we’ll do it our way”

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When it comes to the issue of climate change, the President of Guyana, Dr. Mohamed Irfaan Ali has reiterated that the nation will not be blamed or subjected to underdevelopment due to the inaction and planet degradation caused by...
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Guyana low-cost, high-quality oil resources remain vital to Hess portfolio

OilNOW -
The oil and gas resources discovered offshore Guyana since 2015 continue to play a key role in Hess Corporation’s portfolio and investor spending. The company has a 30% interest in the ExxonMobil-operated Stabroek Block offshore Guyana where nearly 11 billion...
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IMF gives Guyana thumbs up for restraint in spending oil revenues

OilNOW -
The International Monetary Fund (IMF) has not only lauded authorities in Guyana for the critical amendments it made to the Natural Resource Fund (NRF) law, but it has also praised the administration for not spending a cent until that...
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Exxon gives back portion of Stabroek Block to Guyana government

ExxonMobil and its partners in Guyana have relinquished 2,534 square kilometers of the Stabroek offshore oil block to the...

OilNOW is a Resource Center founded and owned by Guyanese. OilNOW is an apolitical, non-partisan, privately owned agency that strives to ensure the highest degree of accuracy and balance.

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