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CLBD set to host webinar on evolution of Guyana’s safety culture this week

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The Centre for Local Business Development (CLBD) will host a Health, Safety, Security and Environment (HSSE) webinar on the evolution of Guyana’s safety culture this week. The discussion will focus on the evolution of safety standards in Guyana and...
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General Election 2020: Trinidad and Tobago decides today

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(Loop News) Today, eligible electors from all over the country will cast their vote for the next government of Trinidad and Tobago. It has been a brisk but eventful election season, set against the backdrop of a global pandemic and...
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South America’s emerging deepwater oil giants pledge strategic alliance

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Following discussions over the last 24-hours between the newly elected Presidents of Guyana and Suriname, the two leaders announced on Sunday their intent to strengthen bilateral relations between the two South American countries that will see strategic collaboration in...
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Liza and Kwaskwasi are giants in the prolific Guyana-Suriname basin

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The Guyana-Suriname basin has been the subject of much discussion since US oil major ExxonMobil made its world class Liza discovery in 2015 at the prolific Stabroek Block. Appraisal drilling showed Liza contained 800 million to 1.4 billion barrels...
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Oil giants’ production cuts come to 1 million bpd as they post massive write-downs

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(Reuters) - The world’s five largest oil companies collectively cut the value of their assets by nearly $50 billion in the second quarter, and slashed production rates as the coronavirus pandemic caused a drastic fall in fuel prices and...
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Brazil doubled oil exports in July

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(MercoPress) Brazilian oil exports more than doubled in July to 8.19 million tons, compared to 3.76 million tons shipped in July 2019, according to data released by the Foreign Trade Secretariat, Secex. The volume was the second highest in 2020,...
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‘Every cent of oil money must be accounted for’ – Guyana President reaffirms at inauguration

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President of Guyana Dr Mohamed Irfaan Ali says his government will ensure transparency and accountability in the oil and gas sector, citing the phenomenal growth projections of the International Financial Institutions for the South American country this year. Dr. Ali...
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Frontera upbeat about Guyana offshore as big leads targeted for drilling

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Frontera Energy said on Thursday it is highly optimistic about newly detected drill prospects on the offshore block it shares with CGX Energy in Guyana and is eager to move ahead with drilling when analysis on a recently concluded...
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Venezuela state-oil firm looking to ship its own oil as crushing sanctions deepen

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Venezuelan state-run oil firm PDVSA has begun offering to ship its own oil, figuring in the costs in crude supply deals to help customers who have struggled to hire vessels to carry the country’s oil due to U.S. sanctions,...
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Crude oil futures edge higher

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Crude oil futures were marginally higher in mid-morning Asian trade Aug. 7 as optimism over a better-than-expected US jobs report and pledged compensation cuts by Iraq buoyed the market despite the growing COVID-19 case counts worldwide, S&P Global Platts...
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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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