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Crondall awarded Technical Consultant role for Liza Unity FPSO

OilNOW -
Crondall Energy Consultants Ltd will be supporting MUFG Bank Ltd as Lenders’ Technical Consultant for the Liza Unity FPSO project financing. The engineering, procurement, construction, and installation (EPCI) project is being undertaken by SBM Offshore for ExxonMobil’s second phase...
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Exxon holds public consultations for Yellowtail, 2022 targeted for FID

OilNOW -
ExxonMobil Guyana held public consultations for the Yellowtail development on Thursday where it confirmed that 2022 is being targeted for final investment decision on the project that is set to catapult the country’s total oil production to more than...
News

Guyana examining oil fund models used by Norway, Kazakhstan – President Ali

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President of Guyana, Dr Mohamed Irfaan Ali recently revealed that the Norwegian and Kazakhstani oil fund models are amongst some of the frameworks being examined to inform the new version of Guyana’s Natural Resource Fund (NRF). The Head of State...
News

Canadian oil and gas association pressing for deal to be reached on FPSO project responsible for thousands of jobs

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The Newfoundland and Labrador Oil and Gas Industries Association (Noia) is urging stakeholders to reach a deal on the Terra Nova FPSO project before a June 15 deadline expires. In a press release Noia said during a recent call with...
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Total offshore operations in Suriname powered by Staatsolie Ultra Low Sulfur Diesel

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French multinational oil and gas company Total is powering its operations offshore Suriname with fuel supplied by state oil company Staatsolie. Total, operator at Block 58, has made 4 discoveries at the 1.4-million-acre block, along with partner Apache. “As of...
Exploration

Emerging play options shrinking, Guyana & Suriname account for over 50% this year

OilNOW -
Emerging play options around the world are shrinking with over 50% of such wells planned for 2021 located in the Guyana-Suriname basin where over 10 billion barrels of oil equivalent resources have been discovered since 2015. According to Westwood Global...
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IEA’s call for no new oil investments not prescriptive, says Guyana’s Vice President

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Even though the International Energy Agency (IEA)’s bombshell report advised that no new investments are needed in fossil fuels if the world is to reach net-zero by 2050, Guyana’s Vice President, Dr. Bharrat Jagdeo is urging stakeholders to remember...
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Woods, seven others reelected as ExxonMobil Directors, activist hedge fund gains seats

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ExxonMobil Corporation yesterday disclosed that its shareholders re-elected eight of its members to the Board of Directors along with two fresh faces put forward by Engine No. 1, a small hedge fund that owns 0.02 percent of the oil...
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Dutch court orders Shell to cut emissions faster in landmark ruling

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(Bloomberg) --Royal Dutch Shell Plc was ordered by a Dutch court to slash its emissions harder and faster than planned, dealing a blow to the oil giant that could have far reaching consequences for the rest of the global...
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Government considering using percentage of oil revenue to reduce electricity cost – Ali says in Independence Day message

OilNOW -
For almost all of Guyana’s existence as an independent nation, oil was non-existent in the national discourse and played no role in advancing the country’s economic development. Guyana depended primarily on its agriculture exports such as rice and sugar,...
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Guyana’s power demand hits record high at 221.3 megawatts 

Guyana has recorded its highest-ever electricity demand this year, with peak consumption reaching 221.3 megawatts (MW) in September. The...

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