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Close to US$100 million in shore base investments stalled in recent years – Vickram Bharrat

OilNOW -
Improving the ease of doing business in the new oil producing country of Guyana is on the radar of the new government as it looks to expand investments in oil and gas as well as other sectors of the...
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Brazil’s Supreme Court maintains Petrobras E&P divestment rules

OilNOW -
(S&P Global) Brazil's Supreme Court maintained 2018 regulations that allowed state-led oil company Petrobras to sell exploration and production assets, in a majority decision handed down Oct. 2. This decision gave the company its second consecutive court victory in support...
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Drillship company that discovered Liza well could soon file for bankruptcy

OilNOW -
The world’s largest owner of deep-water oil rigs, Transocean, could soon be forced to file for bankruptcy after measures it took to stave off this very possibility, seem to be backfiring.   While on contract with ExxonMobil, Transocean drill ship,...
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Chrysaor set to become North Sea’s largest oil and gas producer

OilNOW -
(Bloomberg) --Premier Oil Plc will be acquired by Chrysaor Holdings Ltd. in a reverse takeover, creating the largest listed independent oil and gas producer in the UK North Sea. The deal marks the end of the road for one of...
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US$200 million in revenue from 1 FPSO by year end, 2 more vessels on the way

OilNOW -
New oil producer Guyana has started to receive revenue from the sale of its offshore oil resources and government officials say these sums, which are set to increase exponentially in the coming years, will play a vital role in...
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ExxonMobil says it remains committed to producing national resource with local workforce

OilNOW -
US oil major ExxonMobil said it remains committed to working with local companies in Guyana to help build their capacity so that they can better serve the growing needs of the country’s emerging oil and gas industry. The company began...
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Hess sells interest in Gulf of Mexico field to plug another US$500 million in Guyana

OilNOW -
Hess Corporation announced Monday that it has entered into an agreement to sell its 28% working interest in the Shenzi Field in the deepwater Gulf of Mexico to BHP Billiton, the field’s operator, for a total consideration of $505...
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Most lost oilfield jobs won’t return until late 2021 – Deloitte

OilNOW -
(Bloomberg) --Almost three-quarters of the pandemic-driven jobs losses in the U.S. petroleum and chemical sectors may not come back before the end of next year, according to Deloitte LLP. The collapse in oil demand and prices spurred the fastest rate...
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Farmers, service providers can benefit big from development of offshore oil resources – Vickram Bharrat

OilNOW -
The Guyana government is looking to ensure that benefits from development of the country's multi-billion-barrel oil resources are passed on to persons operating in every sector of the economy and not just those directly servicing the industry. “It’s not only...
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Broadside, Chinook are wells to watch – T&T Energy Chamber

OilNOW -
The Energy Chamber of Trinidad and Tobago says two ongoing projects in the Caribbean oil producing nation are wells to watch in 2020 – BHP’s Broadside and Touchstone Exploration’s Chinook – both offshore Trinidad. In a recent article, the Chamber...
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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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