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Total drops operator role for five exploration blocks in Brazil

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French multinational oil and gas company Total said on Monday it had notified its partners on August 19 about its resignation from its role of operator for five exploration blocks, located in the Foz do Amazonas Basin, 120 kilometers offshore...
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Caribbean Council panel discussion to focus on Guyana’s oil future

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As Guyana continues to come to terms with its new economic prospects, two young Guyanese professionals will be part of a virtual oil and gas panel discussion hosted by The Caribbean Council on Tuesday September 8, 2020, entitled ‘What...
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Payara development targeting 220,000 bpd peak production

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ExxonMobil’s 3rd proposed development at the Stabroek Block offshore Guyana is targeting 180,000 to 220,000 barrels of oil per day, pending government approvals. During the early stage of production operations, the project is anticipated to produce an average of approximately...
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Gas-to-shore project will be a key part of Guyana’s wealth creation – Morgan D. Bazilian

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No technical barriers exist for piping natural gas from the Stabroek Block to shore for power generation and other applications in Guyana and with Gross Domestic Product (GDP) expected to triple in coming years, making this project a reality...
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Guyana holding firm on full transparency in oil and gas – Natural Resources Minister

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The Government of Guyana – South America’s newest oil and gas hotspot – has reiterated its commitment to transparency and accountability in the natural resources sector and its continued partnership and cooperation with institutions such as the Extractive Industries...
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US sanctions UAE, Chinese firms for involvement in Iranian petchem, oil sales

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(S&P Global)  The US government on Sept. 3 sanctioned 11 entities based in Iran, the UAE and China for continuing to facilitate sales of Iranian petrochemical and oil products. The move is the latest in the Trump administration's efforts to...
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Guyana prioritizing development of waterfront facilities

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Guyana is seeing increased marine traffic with the establishment of its oil and gas sector. At current capacity, the country’s President, Dr. Irfaan Ali, says it does not have the facilities to meet the projected increase in marine traffic...
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EITI warns against resource-backed loans

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Entering into resource backed loan arrangements could devastate the economies of developing resource rich countries. However, it has been recognized that mechanisms such as the Extractive Industries Transparency Initiative (EITI) can play a role in equipping citizens to be...
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Logistics company ramping up vessel capacity as demand for services offshore Guyana grows

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RAMPS Logistics is expanding its services in Guyana as exploration and production activities offshore the South American country continue to expand. The company plans to increase the number of vessels operating in the country which the head of its...
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Saipem FDS 2 preparing seabed infrastructure for Liza Phase 2

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Italian multinational oilfield services company Saipem is in the process of executing pipelaying work with the Crane Ship Saipem FDS 2, for phase 2 of ExxonMobil’s Liza Development offshore the South American country of Guyana. The Saipem FDS 2 is...
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Decision reached in arbitration over Hess’ stake in Guyana’s Stabroek Block

A decision has been reached in the high-stakes arbitration between ExxonMobil and Hess Corporation over a prized oil asset...

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