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“No company will invest where they cannot get the appropriate margin” – Nigeria’s state oil firm

OilNOW -
(Reuters) - Nigeria’s state oil company is renegotiating commercial contract terms with major oil firms, its chief told Reuters, in a move that it hopes will keep investment flowing into a sector crucial for its economy at a time...
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Exxon contractors reveal wide range of procurement opportunities to Guyanese vendors

OilNOW -
As exploration and production activities offshore Guyana continue to expand, so too are the needs of the multiple contractors servicing the oil and gas industry. Over 700 local businesses participated this week in ExxonMobil’s virtual Guyana Supplier Forum where...
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Exxon lowers production levels in Guyana as faulty compressor sent for repairs

OilNOW -
ExxonMobil Guyana said on Friday that a technical team has safely removed the 3rd stage compressor from the package enclosure on the Liza Destiny FPSO and is preparing it for transport onshore. An initial examination determined that the unit has...
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Oil edges closer to $60

OilNOW -
(Bloomberg) -- Oil rose toward $60 a barrel on expectations OPEC+ is committed to restraining global supplies even as the demand outlook improves. Futures in London climbed for a sixth day as they close in on a level last reached...
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Major opportunities coming for Guyanese suppliers to service Saipem fabrication yard

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Italian oilfield services company Saipem will soon commence a search for local vendors to supply goods and services for the operation of its fabrication yard and logistics area that is currently under construction in Guyana. Saipem has been awarded subsea...
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Last offshore development approved in Guyana was one of the brightest lights in oil’s dark year – Westwood

OilNOW -
Updated November 28, 2021 Westwood Energy Group says 2020 will be remembered as one of the most challenging years in the history of the oil and gas sector as oil consumption fell to levels not seen since 2001. At one point,...
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Some people will keep oil in the ground and it will be impossible to take it out, says Guyana VP

OilNOW -
Cognizant of the fact that the effects of climate change are becoming more severe year after year, world leaders have heightened steps to reduce carbon emissions. In fact, some countries have already begun introducing a carbon tax, the rationale...
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Former CEO of Petronas joins ExxonMobil Board of Directors

OilNOW -
Wan Zulkiflee, former President and Chief Executive Officer of Petronas, Malaysia’s national oil and Gas Company, was appointed to serve on ExxonMobil’s Board of Directors. According to the oil major, the former CEO had served Petronas from 2015 to...
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VIEWPOINT: Myanmar coup and impact on oil and gas industry

OilNOW -
Following the military coup in Myanmar on Monday, February 1st, Wood Mackenzie and Verisk Maplecroft experts weigh in on what this means for the oil and gas industry. Wood Mackenzie research associate Saloni Kapoor said: “We estimate that new upstream projects worth...
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Tullow selects Maersk for long-term deepwater drill campaigns

OilNOW -
Maersk Drilling announced on Thursday that it has received a conditional letter of award (CLOA) from Tullow Ghana Ltd. for the provision of the ultra-deepwater drillship Maersk Venturer and additional services for a development drilling campaign at the TEN...
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Suriname’s National Debt Chief resigns amid enhanced financial scrutiny of NDP government 

PARAMARIBO, SURINAME - Malty Dwarkasing has resigned as Suriname’s Administrator-General of the National Debt Office. Dwarkasing submitted her resignation...

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