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Local Content—the GCCI has the right idea

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By A. Bacchus – OilNOW There’s a national song that I recited weekly in school, with a chorus that has over the years been used as a motto for quite a few movements— “Can we do it? Yes, we can.” ...
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Price signals are screaming market needs more gas

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By Ed Crooks - Vice-Chair, Americas - Wood Mackenzie The price system, in the famous words of the economist and philosopher Friedrich Hayek, is “a mechanism for communicating information… which enables individual producers to watch merely the movement of a...
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GEC-X attracting major support among Guyanese business groups, other partners

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In a show of overwhelming support, the Georgetown Chamber of Commerce and Industry (GCCI), on Thursday signed several Memoranda of Understanding (MoU) with the Guyana Oil and Gas Energy Chamber (GOGEC); Women’s Chamber of Commerce and Industry Guyana (WCCIG);...
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Exxon looking to deliver more oil at Cataback-1, Longtail-2

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ExxonMobil is forging ahead with its multi-well campaign at the prolific Stabroek Block with drilling operations at the Longtail-2 and Cataback-1 prospects. The Stena Carron will be engaged in exploration drilling activities at Longtail-2 located approximately 106.9 nautical miles (198...
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Exxon moving almost all supply work from T&T to Guyana by 2022 – Routledge

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As local capacity in Guyana continues to increase, ExxonMobil says more services are being moved from Trinidad and Tobago to the South American country, where it is the operator of the Stabroek, Kaieteur and Canje Blocks. In a recent interview...
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63 women entrepreneurs to benefit from training through ExxonMobil Foundation, Centre for Local Business Development

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Sixty-three Guyanese women entrepreneurs will soon commence training through the ‘Accelerate-Her’ and the ‘Cherie Blair Foundation for Women – Road to Growth’ programmes, which are geared towards building the capacity and marketability of women-led businesses in Guyana. The Cherie Blair...
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Oil holds above $75, remains on track for weekly gains

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(Reuters) - Brent oil futures dipped on Friday but held above $75 a barrel, remaining on track for weekly gains of more than 3% thanks to the slow recovery in output after two hurricanes in the U.S. Gulf of...
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SBM Offshore wraps up largest project financing in company’s history

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SBM Offshore announce Thursday that it has completed the project financing of FPSO Sepetiba for a total of US$1.6 billion, which is the largest project financing in the Company’s history. The project financing was secured by a consortium of 13...
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Guyana government says it will reveal plan for spending oil money

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Guyana’s Vice President, Dr. Bharrat Jagdeo says a comprehensive programme will be made available to the public showing how oil revenues will be spent, with focus on priority areas such as infrastructure and social upliftment, inclusive of investments in...
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DP World expands investment in Suriname

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In line with the company’s strategic objectives in the oil and gas sector, DP World said it has made the commitment to develop a comprehensive Offshore Support Base in Suriname to provide the required highly specialized, integrated end to...
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Wales Gas-to-Energy project accelerates with 120 day foundation plan

Guyana’s Gas-to-Energy project at Wales is entering a crucial phase as contractor Lindsayca Guyana pushes to complete all foundation...

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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