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Tullow says Suriname well campaign on schedule for Q1 2021

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Preparations are on schedule for the first well targeted for 2021 by Tullow Oil in the highly prospective Suriname basin where US multinational Apache has already made three discoveries. “In Suriname, the prospective Goliathberg-Voltzberg North-1 well is on schedule to...
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Maduro seeking meeting with T&T gov’t officials, report says

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The Government of Venezuela has invited Trinidad and Tobago (T&T) Government officials to a meeting to discuss matters between the two countries, the Trinidad and Tobago Guardian reported on Wednesday. According to the Guardian, the request was made by President...
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Bulk of oil supply next 20 years will come from ‘advantaged barrels’ – Guyana now has over 9 billion

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Whatever the pace of the energy transition, the world will still rely on oil and gas for much of its energy needs until well beyond 2040. UK-based global energy group Wood Mackenzie says exploration will be critical in meeting this future...
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Guyana is now the destination of choice for oil and gas companies, investment chief says

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Investors and governments from around the world have been discussing various opportunities with Guyanese authorities in recent months that could potentially see hundreds of billions of dollars being plugged into South America’s newest oil and gas hotspot. Chief Executive Officer...
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Guyana’s President addresses Suriname’s National Assembly

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Guyana’s President, Dr. Irfaan Ali delivered an address this week at the Extraordinary Session of the National Assembly of the Republic of Suriname on the occasion of the country’s 45th Independence Anniversary. See Mr. Ali’s address below: Honourable Chairman of...
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Tullow to plug over 90% of expenditure in West Africa, will continue to evaluate Guyana acreage

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UK-based Tullow Oil will be unveiling a new strategy and plan to generate c. $7 billion of operating cashflow over the next 10 years with over 90% of its future capital expenditure focusing on the company’s West African producing...
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Joint billion-dollar-plus Guyana-Suriname deepwater harbour on the cards

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With massive volumes of hydrocarbons being found in the Guyana-Suriname basin in recent years, development of these resources will require significant shorebase support services which leaders of both countries believe can be established by way of a joint initiative. The...
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Orinduik block partners reviewing multiple light, sweet targets for 2021 drill plans

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Eco (Atlantic) Oil and Gas Ltd announced Tuesday via its unaudited results for the six months ended September 30, 2020, that multiple light, sweet, oil drilling prospects are currently being reviewed for the next drilling programme at the Orinduik Block....
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South America’s new O&G deepwater players positioning for big opportunities

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The governments of Guyana and Suriname, the new oil and gas deepwater hotspots in South America, are focusing on strengthening bilateral relations and solidifying plans to create new opportunities. Guyana’s President, Dr. Irfaan Ali and his Surinamese counterpart, President...
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U.S hedge fund plugs US$30 million into junior firm with stake in Kaieteur block

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(Reuters) - Activist hedge fund Elliott Management Corp has invested at least $30 million in Cataleya Energy, a small firm focused on oil exploration in Guyana, the world's newest oil and gas hot spot, two people familiar with the...
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Guyana Electric boosts grid reliability with specialized high-voltage training

Guyana Electric has launched specialized training courses in medium and high-voltage cable terminations and joints, aimed at improving installation...

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