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Consultations on new local content framework in Guyana set for this month

OilNOW -
The newly appointed Advisory Panel on Local Content in Guyana will begin reaching out to key stakeholders this month as work continues towards the development of legislation which the government says must ensure Guyanese are given a fair opportunity...
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Hess commits around US$1.8 billion for Payara development

OilNOW -
Hess Corporation, a 30 percent stakeholder in Guyana’s Stabroek Block, has committed around US$1.8 billion for the Payara development, representing its net share of development costs, excluding pre-sanction and FPSO purchase costs. The company said on Wednesday it looks forward...
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Contracts confirmed for giant Prosperity FPSO, SBM Offshore looking to execute some fabrication work in Guyana

OilNOW -
Dutch floater specialist, SBM Offshore, announced Thursday that Esso Exploration and Production Guyana Limited (EEPGL), an affiliate of Exxon Mobil Corporation, has confirmed the award of contracts for the next phase of the Payara development project located in the...
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US$9 billion Payara Development is largest investment in Guyana’s history

OilNOW -
The US$9 billion Payara Development targeting an estimated resource base of around 600 million oil-equivalent barrels is the largest investment in Guyana’s history, and combined with Liza 1 and 2, will push the country’s production to more than half...
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Payara approval captures critical weather window for field development

OilNOW -
The Guyana Government’s approval of the 220,000 barrels per day Payara Development Project on Wednesday was a critical step in ensuring that a window of opportunity to get the project going without further delays, was met.      Neil Chapman, Senior Vice President of...
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Read the Payara Production License

OilNOW -
The Government of Guyana and ExxonMobil on Wednesday signed the license for the Payara field offshore development in Guyana. The Payara project approval was a result of several reviews and consultations by local and international experts…License Details
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Guyana approves ExxonMobil’s 220,000 bpd Payara Development, company moves to FID

OilNOW -
The Guyana Government on Wednesday announced the approval of the 220,000 bpd Payara Development - ExxonMobil’s third project offshore the South American country, paving the way for the company’s Final Investment Decision (FID). The $9 billion development, targeted for start-up...
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Venezuela’s foreign currency income tumbles 99% as oil exports dry up

OilNOW -
Sanctions imposed by the United States have had a debilitating impact on Venezuela’s crude exports from which the country got most of its foreign currency revenues. Citing the impact of this on the economy, President Nicolás Maduro tweeted on Wednesday...
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Shell to cut up to 9,000 jobs in low-carbon transition

OilNOW -
(Reuters) - Royal Dutch Shell announced on Wednesday plans to cut up to 9,000 jobs, or over 10% of its workforce, as part of a major overhaul to shift the oil and gas giant to low-carbon energy. Shell, which had...
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Preparing Guyanese women for opportunities in oil and gas a top priority for local NGO

OilNOW -
Guyanese Non-Governmental Organization (NGO), Women in Oil and Gas, is seeking to change age-old stereotypes about the way women are perceived as to their readiness and suitability for technical fields, including those in the petroleum sector. So says Dr. Dawn...
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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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