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SBM Offshore confirms contract awards for ‘One Guyana’ Yellowtail FPSO

OilNOW -
SBM Offshore confirmed on Tuesday that it has been awarded contracts for the construction of the ‘One Guyana’ floating production, storage and offloading (FPSO) vessel by ExxonMobil affiliate, Esso Exploration and Production Guyana Limited (EEPGL). “Under these contracts, SBM Offshore...
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Public consultations on US$10B Yellowtail Project “above and beyond” legal protocol – EPA

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With the US$10 billion Yellowtail project being the largest single investment in Guyana’s history, the Environmental Protection Agency (EPA) has assured that it has gone above and beyond what the law requires to ensure the public was involved in...
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ExxonMobil’s local content investment now over US$600M since 2015

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The development of ExxonMobil’s projects and continued exploration success in the Stabroek Block is pushing the steady advancement of local capabilities and enhanced economic growth in Guyana. In a press release on Monday, ExxonMobil revealed that since 2015, it has...
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Fair, robust system being developed for selecting EIA consultants – EPA

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The Environmental Protection Agency (EPA) was keen to note on Monday that it is in the process of developing a fair and robust system for compiling a list of approved persons with appropriate qualifications and experience to conduct Environmental...
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Hess commits US$2.3 billion to Yellowtail development

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Days after government and regulatory approvals were granted for the massive Yellowtail project, Hess Corporation announced its final investment decision on the project with a commitment of US$2.3 billion. This represents the company’s net share of development costs, excluding pre-sanction...
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Yellowtail will help secure energy transition, says Exxon in final investment decision

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ExxonMobil affiliate, Esso Exploration and Production Guyana Limited (EEPGL), expects the Yellowtail project to be instrumental in helping secure the energy transition, it said as it announced the final investment decision (FID) on Monday morning. “Yellowtail’s development further demonstrates the...
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IDB helping Guyana strengthen institutions to better leverage oil revenues

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The Inter-American Development Bank (IDB) is helping Guyana strengthen the institutional capacity of its Ministry of Finance which will be in charge of the development and implementation of a Medium-Term Development Strategy. That document, the IDB explained, will essentially...
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Oil has opened floodgates for massive investments across all sectors in Guyana – US Ambassador

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With 10 floating production, storage and offloading vessels (FPSOs) envisioned for the production of Guyana’s multi-billion barrels of oil equivalent resources, companies from across the world are rushing to the South American country to cement their place in every...
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World Bank appoints new Resident Representative for oil hotspots, Guyana and Suriname

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The World Bank recently announced that Ms. Diletta Doretti has been appointed the new Resident Representative for Guyana and Suriname, the two most exciting exploration hotspots in South America. The financial institution said Ms. Doretti will be based in Georgetown,...
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Exxon says removing tax provisions in Stabroek PSA could make projects infeasible

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ExxonMobil affiliate, Esso Exploration and Production Guyana Limited (EEPGL), will be seeking a dismissal of a case brought to Guyana’s High Court which seeks to strike out tax waivers granted to it, its co-venturers and sub-contractors under the Stabroek...
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Jennifer Geerlings-Simons makes history as Suriname’s first female President amid offshore oil plans 

PARAMARIBO-SURINAME: Suriname’s National Assembly convened on Sunday to elect the country’s next president in an important parliamentary session. In...

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