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Venezuela’s oil exports sink to 17-year low, choked by U.S. sanctions

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(Reuters) - Venezuela’s oil exports plummeted in May to their lowest level since 2003 as U.S. sanctions choked exports and two Mexican firms that had acted as intermediaries for Venezuelan crude sales stopped receiving oil, Refinitiv Eikon data and...
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Noia writes Trudeau about ‘dire’ state of Newfoundland and Labrador offshore oil sector

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(The Chronicle Herald) The association representing businesses involved in Newfoundland and Labrador’s offshore oil sector is adding written words to spoken ones as it continues to press Prime Minister Justin Trudeau to provide federal government help for the beleaguered...
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SBM Offshore donates 30,000 pieces of protective gear to CDC for COVID-19 response in Guyana

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Dutch floater specialist SBM Offshore has provided 30,000 pieces of protective gear to the Civil Defence Commission (CDC) in Guyana to help with the agency’s national response to the COVID-19 pandemic. In a press update on Wednesday, SBM Offshore said...
News

Schlumberger in search of contractors to build office building, workshop in Guyana

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Schlumberger Guyana is moving to construct an office building and workshop to support the ExxonMobil operations at the Liza Development. The company is looking for highly qualified contractors to build these facilities which will be located at Houston Port,...
News

Occidental Petroleum, Equinor removing non-essential workers in Gulf of Mexico

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Occidental Petroleum Corp and Norwegian state-oil company Equinor ASA are removing non-essential workers from some Gulf of Mexico facilities ahead of Tropical Storm Cristobal, the companies said on Wednesday, according to a Reuters report. Gulf of Mexico operations are continuing...
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Oil falls below $40 on doubts early OPEC+ meeting will go ahead this week

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(Reuters) Oil prices erased gains on Wednesday, with Brent crude futures falling back below $40 a barrel, on doubts an early meeting of some of the world’s most powerful oil producers will go ahead as planned. OPEC and non-OPEC allies,...
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Under sanctions oil money could be frozen – Sir Ronald Sanders

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New oil producer Guyana is being urged to avoid sanctions from the international community over its March 2 elections at all cost since such measures could have far-reaching effects that would be damaging to the country’s growth and development. Several...
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Tankers queue off China’s coast as demand for oil rebounds

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(AlJazeera) Queues of tankers have formed off China's busiest oil ports as the vessels wait to offload crude for refineries that are quickly ramping up production amid a rapid rebound in fuel demand. Two dozen or more crude-laden tankers are...
Exploration

Exploration acreage totalling almost 4 times the size of Stabroek Block up for grabs

OilNOW -
Oil and gas companies currently have assets for sale around the world with recoverable reserves of more than 5 billion barrels of liquids and 7.5 billion barrels of oil equivalent (boe) of natural gas, Rystad Energy estimates.  While some...
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US sanctions companies linked to Venezuela oil trade

OilNOW -
The United States Department of Treasury’s Office of Foreign Assets Control on Monday June 2, 2020, designated four companies for operating in the oil sector of the Venezuelan economy. Additionally, OFAC identified four vessels as blocked property. “Department of Treasury...
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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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