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Schlumberger rakes in higher profits in first quarter due to increased drilling activity

OilNOW -
Oilfield services company, Schlumberger recorded a 14 percent hike in profits for the first quarter of 2022, raking in some $5.96 billion in revenues. “Our first-quarter results set us firmly on the path to deliver full-year revenue growth in the...
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US envoy offers American solutions to Guyanese businesses looking to adopt renewable tech

OilNOW -
Companies looking to transition from carbon-free energy sources may find help with technologies from the United States, Ambassador Sarah-Ann Lynch said on Thursday. She was at the time addressing an energy roundtable discussion held by the American Chamber of...
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Shell farms into two Barbados oil blocks

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A subsidiary of Shell farmed into two exploration licenses offshore Barbados in March, BHP Billiton said in an operational update. BHP signed a farm-out agreement for Shell to acquire 40% equity in each of the two offshore licenses – Bimshire...
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US$300M Vreed-en-Hoop shore base to be operational by 4th quarter of 2023 – Boyer

Kemol King -
Vreed-en-Hoop Shore Base Inc. (VEHSI), a US$300M project led by Guyanese businessmen, will be operational by the fourth quarter of 2023, said joint venture partner and owner of National Hardware Guyana Limited, Nicholas Deygoo-Boyer. VEHSI is a partnership between the 100% Guyanese-owned NRG...
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Guyana’s largest shore base gets ISO 9001 certification

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The Guyana Shore Base (GYSBI) is now officially ISO 9001:2015 certified. GYSBI said achieving the feat shows that its processes are “efficient and effective” and are consistent with the requirements of the ISO 9001:2015 standard. ISO 9001:2015 certification can apply to any organisation,...
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Guyana looking to play “passive investor role” in possible National Oil Company – Vice President

OilNOW -
Vice President of Guyana, Dr. Bharrat Jagdeo has announced that by September, a final determination will be made on whether the government will be establishing a National Oil Company (NOC) to develop oil and gas resources or opt to...
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Ali says Guyana changing drastically, investors must act now

OilNOW -
International investors should waste no time establishing a footing in the fastest-growing economy in the world: Guyana. This was the assertion of President Dr. Mohamed Irfaan Ali on Wednesday at the launch of the International Building Expo, Pegasus Hotel. The expo is...
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Guyana aims for 39MW of accumulated solar capacity in the next 3 years

OilNOW -
Guyana’s government remains steadfast in its plan to achieve a diverse energy mix with several solar farms and solar mini grids on the cards for construction. Head of the country' energy agency, Dr. Mahendra Sharma told OilNOW that three years...
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Exxon seeks consultant for onshore pipeline survey

OilNOW -
Ahead of construction of a pipeline as part of the landmark gas-to-energy project in Guyana, ExxonMobil is looking for a consultant to conduct a survey. In a public request for information (RFI), the company’s local affiliate, Esso Exploration and...
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Ali says Guyana changing drastically, investors must act now

OilNOW -
International investors should waste no time establishing a footing in the fastest-growing economy in the world: Guyana. This was the assertion of President Dr. Mohamed Irfaan Ali on Wednesday at the launch of the International Building Expo, Pegasus Hotel. The expo is...
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Moonilal appoints new boards for Trinidad’s state energy companies

Trinidad and Tobago's Energy Minister Roodal Moonilal on Monday issued letters of appointment to the new boards of directors...

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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