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Project delays likely as construction yards close on COVID-19 concerns – SBM Offshore

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Construction activities being carried out by Dutch floater-specialist SBM offshore at several locations across the world, including Singapore where the Liza Unity FPSO is being built for ExxonMobil’s second development project in Guyana, could face some project execution delays...
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Halliburton cuts 350 jobs, executive pay as oil bust deepens

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Oilfield services firm Halliburton Co said on Monday it was cutting about 350 employees in Oklahoma, according to a filing with the state, and that its executives would reduce their salaries amid a deepening oil price rout, Reuters said...
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OPEC+ is set to face oil challenges head-on in Thursday’s virtual meeting

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(Market Watch) In a sign of the times, the Organization of the Petroleum Exporting Countries and allied oil producers will hold a virtual meeting Thursday to make a decision on global crude production that could make or break the...
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TechnipFMC in worldwide effort to produce visors for healthcare workers

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TechnipFMC says its teams worldwide are helping to protect medical workers during the COVID-19 outbreak by using 32 printers to produce visors at its facilities. The Edvard Grieg Project team prototype medical visor was approved for use in Norway, and...
Exploration

Multi-billion-barrel wells facing delays in Guyana, US and elsewhere – Rystad Energy

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At least nine of the world’s top planned exploration wells for 2020 are at risk of being suspended as a result of the combined effect on oil and gas activities of the COVID-19 virus and the oil price war,...
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Chinese refiners buy rare North Sea, Guyana crude at low prices

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Chinese independent refiners have snapped up rare crude grades from the North Sea and Guyana at low prices in an oversupplied market after the coronavirus pandemic destroyed demand, four sources with knowledge of the matter told Reuters on Tuesday. The...
Exploration

US rig count set for dramatic 65% free-fall

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US oil and gas companies are putting the brakes on drilling due to the combined global effect of the COVID-19 pandemic and declining oil prices, according to new research from industry analyst Rystad Energy. In a recent report, Rystad Energy...
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Total divests $400M in Brunei, Sierra Leone and Liberia assets

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French multinational oil company Total has announced that in line with its strategy of actively managing its asset portfolio and its objective to divest $5 billion during the period 2019-2020, it is pursuing the divestments of several non-core assets...
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Guyana-Venezuela border case further delayed as ICJ extends COVID-19-related closure

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The International Court of Justice (ICJ) has extended the period during which no hearings or judicial meetings will be held due to the ongoing COVD-19 pandemic, to the end of May, according to a press release from the Court...
News

US stands ready to work with Guyana elections body on vote recount – Pompeo

OilNOW -
United States Secretary of State Michael Pompeo said on Tuesday the US stands ready to work with the Guyana Elections Commission (GECOM) and observer groups on a full recount of the votes cast in the March 2 elections which...
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Kumu’s new small-scale hydropower plant now operational

Guyana commissioned a new 1.5 megawatt (MW) hydropower station in the southeastern community of Kumu on Friday, part of...

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