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S&P Global, IHS Markit set for $44 billion merger

OilNOW -
S&P Global (NYSE: SPGI) and IHS Markit (NYSE: INFO) announced on Monday that they have entered into a definitive merger agreement to combine in an all-stock transaction which values IHS Markit at an enterprise value of $44 billion, including $4.8 billion of net debt....
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Guyana Oil and Gas Virtual Summit opens today

OilNOW -
The Guyana Oil and Gas Virtual Summit is set to open today and will run until December 3. The event is expected to place special emphasis on local content development and the increasing participation of women in Guyana’s oil...
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Canada-Guyana Chamber set for official launch on December 4

OilNOW -
Guyana’s President, Dr. Irfaan Ali will deliver the keynote address at the launch of the Canada-Guyana Chamber of Commerce set to take place this Friday – December 4, at the Arthur Chung Conference Centre in Georgetown. In a press update...
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Suriname’s bonds among the world’s worst performers in 2020, nation close to reaching deal with creditors

OilNOW -
(Bloomberg) Suriname is set to reach a deal with creditors as soon as this week after missing a $25 million interest payment on its bonds and officially entering default, according to three people familiar with the matter. Officials in Paramaribo...
Exploration

ExxonMobil to prioritize spending on “advantaged assets” in Guyana, USA and Brazil

OilNOW -
Following a review of its future business plans, ExxonMobil announced on Monday that it intends to prioritize near-term capital spending on advantaged assets with the highest potential future value. It said that these will include developments in Guyana and...
Exploration

Eco Atlantic increases acreage in Namibia, remains focused on world class Guyana basin

OilNOW -
Eco (Atlantic) Oil & Gas Ltd. said Monday it has successfully negotiated the reissuance of four licences in the Walvis Basin, offshore Namibia conditional to customary final government signature. The company was awarded four new Petroleum Exploration Licenses (PEL) on its existing offshore blocks,...
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Oil companies drill where data is most promising, but Liza and Tanager show results could vary

OilNOW -
Back in 2015, ExxonMobil made the decision to begin drilling for oil in Guyana at Liza-1 since this prospect was the biggest and best, based on data analysed by the company. Several elements need to line up in order to...
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Saipem pledges support for Women Empowerment Principles

OilNOW -
Italian multinational oilfield services company Saipem has signed the declaration of support for the Women Empowerment Principles (WEP) and the Manifesto for female employment of the Valore D association. The company, a prime contractor for ExxonMobil’s Stabroek block developments in...
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Non consensus yet from OPEC+ on 2021 oil policy

OilNOW -
(Reuters) - OPEC and allies led by Russia have yet to find a consensus on oil output policy for 2021, after an initial round of talks on Sunday and ahead of crucial meetings on Monday and Tuesday, four OPEC+...
News

ExxonMobil looking for suppliers for its fiber optic cable project

OilNOW -
ExxonMobil Guyana is looking for suppliers to provide onshore installation services for its high-speed fibre-optic/wireless transport project. The company said in a public notice it was seeking to identify suppliers who can provide ‘onshore underground fiber optic cable survey and...
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Guyana’s four FPSOs set a new pace for deep-water oil development

The four floating production, storage and offloading vessels operating in the Stabroek Block have become the backbone of Guyana’s...

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