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Energy Chamber launches inaugural oil and gas seminar for high school students

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The Guyana Oil and Gas Energy Chamber (GOGEC) launched its inaugural oil and gas seminar for high school students on Friday in Georgetown. As part of a collaborative effort, GOGEC said it is partnering with the Guyana Telephone and...
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IDB says withdrawal rules for Guyana’s wealth fund too complex, departs from good practices

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Guyana’s development partner, the Inter-American Development Bank (IDB), suggested in a report that the government reform the withdrawal rules in Guyana’s Natural Resource Fund (NRF) to make them simpler and less rigid. The advice is found in the report -...
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10 billion barrels in Guyana, 8,000 well locations in Permian making Exxon an attractive investment bet

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U.S. investment and research firm Zacks said in a recent analysis that Exxon Mobil Corporation has seen upward earnings estimate revisions for 2021 and 2022 in the past several days and so far for the year, the stock has...
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Brazil investing $68 billion over next 5 years in major oil production ramp up

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(S&P Global Platts) Petrobras will boost investment spending over the next five years amid a recovery in global demand, with development of the massive Buzios Field in the country's subsalt frontier expected to push crude oil output to 2.6...
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Oil slides below $80 as new COVID-19 variant spooks investors

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(Reuters) - Oil prices recorded their steepest daily fall since July on Friday as a new COVID-19 variant spooked investors and added to concerns that a supply surplus could swell in the first quarter. Oil fell with global equities markets...
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Addition of 220,000 bpd next year puts Guyana on OPEC’s radar for global oil supply growth

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The latest monthly report of the Organization of Petroleum Exporting Countries (OPEC) states that Russia and the USA are expected to be the main drivers of next year’s oil supply growth, contributing increments of 1.0 mb/d and 0.9 mb/d,...
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Government partners with UK company to offer scholarships to Guyanese for oil and gas

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The Government of Guyana announced on Wednesday that it has partnered with United Kingdom-based 3T EnerMech to offer scholarships to Guyanese for technical careers in the oil and gas industry. The training is being done under the Guyana Online Academy...
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Twenty-five more Guyanese hired by country’s largest shore base facility

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The Guyana Shore Base Inc. (GYSBI) recently increased its local workforce by 25 following three cross-country events held in October targeting new recruits. Providing a progress update on its career fairs, the company said that the 25 locals were hired...
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Norway group says Yellowtail subsea contract among biggest this century

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Subsea giant TechnipFMC landed a major subsea equipment deal this month for ExxonMobil’s next phase of the Stabroek development offshore Guyana. According to Norway-based energy research and business intelligence company, Rystad Energy, it is among the top 10 contracts...
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Sanctioning activity remains high in Guyana, major contracts coming – Rystad Energy

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After the pandemic decimated the oil and gas industry in 2020, this year is being seen as one of rebound with oil prices rallying and investments picking up across various projects globally, chief among them being South America’s hottest...
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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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