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European stocks plunge into bear market as oil crashes

OilNOW -
(Reuters) - European shares slumped across the board on Monday, taking the benchmark STOXX 600 into bear market territory as a lock-down of northern Italy due to the coronavirus outbreak and a 30% plunge in oil prices amplified fears...
News

Oil drops 31% in worst loss since Gulf war as price fight erupts

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(Bloomberg) Oil markets tumbled the most since the Gulf War in 1991 after the disintegration of the OPEC+ alliance triggered an all-out price-war among the world’s biggest producers. In one of the most dramatic bouts of selling ever, Brent futures...
News

Oil industry scraps events, eyes teleconferences as coronavirus spreads

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(Reuters) - The oil and gas industry is canceling key networking events and academic and technical meetings, shifting some to virtual conferences, due to concerns about the coronavirus and its fast-growing toll of more than 100,000 cases worldwide. A major...
News

Transparency, conflicts and management of Guyana’s natural resource revenues

OilNOW -
On 2nd March 2020, Guyana held its first general and regional elections since becoming an oil producing country. With vast oil revenues about to flow into Guyana, it will become the lifeblood of the modern economy. The discourse about...
News

US, UK and Canada call on Guyana President to avoid transition of government amid alleged electoral fraud

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The United States, Canada and the United Kingdom today called on the Granger-led administration of new oil producer Guyana to “avoid a transition of government” following grave concerns with the conduct of the verification process following Monday’s election. Political parties...
News

Coalition takes lead in Guyana elections amid controversy over credibility of results

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A controversial declaration of the District 4 results in Guyana’s elections show that the incumbent APNU+AFC coalition is on course to win by approximately 8,000 votes, amounting to about 1 seat. District 4, the most populous Region in Guyana,...
News

Exxon will spend up to US$35B annually through 2025 as Guyana production ramp-up remains on track

OilNOW -
US oil major ExxonMobil said Thursday it continues to make progress on its long-term growth plans by investing through the commodity price cycle to capture high-value opportunities and grow earnings and cash flow potential. “We are effectively executing our growth strategy...
News

Guyana opposition leads as verification of votes from most populous district continues

OilNOW -
The final results in what is being described as the ‘mother of all elections’ is now dependent on the verification of votes from the most populous district in South America’s newest oil producing country – Guyana. As of Wednesday evening,...
Exploration

Exploration plans cover 31 wells offshore Guyana – region in need of jackups

OilNOW -
South America is home to several regions of offshore expansion, with few basins currently displaying more growth potential than the Guyana Suriname Basin. Exploration in this area continues to impress and the list of oil and gas participants is...
Exploration

Guyana oil production on track to surpass Newfoundland and Labrador – Rob Strong

OilNOW -
South America’s newest oil producer Guyana is on track to ramp up production to more than 750,000 bpd by 2025 from multiple developments at massive oil fields located off the country’s coast at the 6.6 million acres Stabroek Block. Speaking...
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Guyanese-American welder returns home to train 500+ Guyanese for oil and gas jobs 

For Mohamed Ally, welding is more than sparks and steel; it is legacy work. After more than four decades...

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