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Iran is sending its biggest fleet of tankers to Venezuela in defiance of U.S. sanctions

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(Bloomberg) Iran is sending its biggest fleet yet of tankers to Venezuela in defiance of U.S. sanctions to help the isolated nation weather a crippling fuel shortage, according to people with knowledge of the matter. Some of the flotilla of...
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FAO expects O&G to push higher demand for seabob in Guyana, the world’s largest producer

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Guyana is the world’s largest producer of Atlantic seabob, a commercially important shrimp that is caught from the Atlantic coast of the US all the way down to Brazil. With the emerging oil and gas industry in Guyana, the...
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Bank of China fined over 50 million yuan for loss-making product linked to crude oil

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(Reuters) - State-owned Bank of China (BoC) has been fined 50.5 million yuan ($7.73 million) over irregularities in a loss-making product linked to crude oil, the banking regulator said on Saturday. The China Banking and Insurance Regulatory Commission began an...
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Guyana President vows to break CARICOM trade barriers, says country now ‘negotiating from the front’

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Guyana’s President, Dr Irfaan Ali on Friday announced the formulation of a joint high-level team comprising government and private sector representatives to examine the existing barriers to trade which the country faces, particularly in the CARICOM region. The Head of...
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Guyana oil and gas potential ushering in new era of partnership, development

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The emergence and fast-paced development of Guyana’s promising oil and gas sector has had a positive impact on and been a catalyst for international partnerships between local and foreign businesses. These partnerships are resulting in employment and capacity building...
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One of world’s largest iron ore companies deploys 10-member team to Guyana with focus on renewables

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A ten-member team from Australia-based Fortescue Metals Group (FMG) arrived in Guyana on Friday to pursue talks on investment opportunities in the new oil producing South American country. The team, led by FMG’s Deputy Chief Executive Officer (CEO) Julie Shuttleworth...
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Impassioned calls made for investment, strong partnerships at launch of Canada-Guyana Chamber

OilNOW -
The building of strong partnerships and need for robust investment across a number of sectors in Guyana were underscored on Friday at the launch of the Guyana-Canada Chamber of Commerce held at the Arthur Chung Conference Centre, on the...
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OPEC+ reaches deal as new rifts emerge ahead of testing times for the cartel

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(Bloomberg) --After five days of difficult talks that exposed new rifts between core members, OPEC+ agreed to gently ease output cuts next year. The deal appeared to satisfy the oil market and most of the cartel’s members but strained...
Exploration

Brazil’s Petrobras could turn to Guyana for offshore acreage, CEO says

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(S&P Global) Brazilian state-led oil company Petrobras could turn to Guyana for access to acreage along South America's equatorial margin if local environmental regulators do not grant permits to drill in Brazil's Foz do Amazonas Basin, CEO Roberto Castello...
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In a low oil price world fiscal terms will have to be competitive, but contracts must also be progressive – expert says

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The world is moving now faster than ever towards renewable energy sources and this along with other factors that impact the demand for oil means that going forward, prices are not likely to increase beyond $50 per barrel. This,...
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TechnipFMC reports strong Q3 2025 results driven by subsea growth

TechnipFMC has delivered another solid quarter, reporting total revenue of US$2.65 billion for the third quarter of 2025. Net...

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