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Guyana remains top priority in Exxon’s portfolio, company says in new update

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ExxonMobil said in an update on Wednesday that it plans to prioritize its investment in Guyana as well as Brazil, and the Permian Basin in the United States. The company’s corporate plans through 2027 will support its strategy of...
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Exxon says Liza Destiny FPSO production volumes in full compliance with regulations

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The Liza Destiny floating production storage and offloading (FPSO) vessel has been operating offshore Guyana since December 2019, producing oil at the ExxonMobil-operated Stabroek Block. A company spokesperson said on Wednesday that production rates on the FPSO has always...
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Oil edges up as investors adjust positions

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(Reuters) - Oil prices rose on Thursday, more than recouping the previous day's losses, as investors adjusted positions ahead of an OPEC+ decision over supply policy, but gains were capped amid fears the Omicron coronavirus variant will hurt fuel...
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International firms bidding to conduct environmental baseline studies in Guyana

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The Government of Guyana through the Ministry of Natural Resources has received bids from several international firms to conduct the Strategic Environmental and Social Assessment (SESA) baseline studies, the Department of Public Information (DPI) said on Wednesday. According to last...
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‘Critics who say we will get nothing from oil sector reckless, uninformed’ – Bharrat

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Since the emergence of oil and gas activities in Guyana, over GY$400 billion (US$2 billion) have been plugged into the economy and more than GY106 billion (US$534 million) have been received in oil revenue from exports and royalties. Additionally,...
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Guyana, Brazil boosting Atlantic tanker market outlook

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Hugo De Stoop, CEO of Euronav says the oil tanker market is likely to continue to improve despite renewed concerns over coronavirus threats, but a further recovery in freight rates is needed before the sector returns to good health. In...
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Omicron pushes oil prices to three-month lows

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(S&P Global Platts) NYMEX January WTI settled at $66.18/b, down $3.77, and ICE January Brent finished $2.87 lower at $70.57/b. Oil prices, which had stabilized Nov. 29 following a steep selloff in the prior session, slid overnight following comments from...
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New hinterland hydropower plant will add 700kW to Guyana’s grid

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As part of a loan taken from the Islamic Development Bank (IsDB), the reconstructed and improved Moco Moco Hydropower Plant set to be built in the hinterland region of Upper Essequibo - Upper Takatu (Region Nine) in Guyana will...
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Exxon preparing final development plan for Vietnam’s biggest gas project

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(S&P Global Platts) International oil major ExxonMobil is working on a final development plan for the Ca Voi Xanh gas project in central Vietnam, amid moves by the government to refocus on domestic upstream development while dialing back on...
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Saipem seals $750 million gas field deal with Saudi Aramco

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Saipem has signed a new contract with Saudi Aramco on the Jafurah Development Program in Saudi Arabia. The project involves the construction of a hydrocarbon collection system and the transport of gas and condensate to the new Jafurah plant,...
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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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