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Guyana now has a Local Content Policy

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The much-anticipated Local Content Policy (LCP) that sets the framework within which companies in Guyana’s oil and gas sector are expected to operate has been completed and will be made public shortly. Director of Guyana’s Department of Energy (DE), Dr....
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Guyana has produced over 2.7 million barrels of oil to date; gov’t’s 1st lift due next week

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Over 2.7 million barrels of oil have been produced to date from the Liza Phase 1 Development and the Guyana government is gearing up to lift its first 1 million barrels by early next week. Director of the Department of...
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O&G pushing Guyanese companies to adopt international standards

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Nabi Construction Inc. the Guyanese partner in the Nabi/KCL Oilfield Construction Services joint venture is one of a number of local companies benefiting from knowledge transfer and capacity building initiatives that are helping these firms tap into opportunities in...
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Most of world’s top 30 high impact wells in South America, Africa

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Although 2019 was a disappointing year in terms of high impact well (HIW) drilling in the oil and gas sector, comparatively stable market conditions are favoring new exploration activity in 2020 for areas that combine high risk and high...
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Saipem bags new offshore contracts worth over $500 million

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Italian engineering and drilling services firm Saipem announced that it has been awarded several EPCI contracts worth over 500 million USD in various countries around the world. A press release from the company on February 6, 2020 said that the...
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International accounting firm opens shop in South America’s newest O&G hotspot

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Binder Dijker Otte, an international network of public accounting, tax, consulting and business advisory firms which perform professional services under the name of BDO, has announced the opening of its office in Guyana, the newest oil producing country on the...
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Survival mode: Maduro gives up decades of control over oil

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After decades of dominating its oil industry, the Venezuelan government is quietly surrendering control to foreign companies in a desperate bid to keep the economy afloat and hold on to power, reports the New York Times. The opening is a startling...
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Who’s Who – Guyana’s premier business directory launches second edition

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The second edition of the Who’s Who in Guyana Business directory was officially launched on Saturday in Georgetown, the capital city of the new South American oil producing nation. Speaking at the launch, British High Commissioner to Guyana, Greg Quinn, said...
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Sol Group is now official distributor for Mobil lubricants

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The SOL Group announced on Friday that it has been officially appointed as an authorized distributor for Mobil lubricants in 12 of its 22 markets. These markets include Anguilla, Barbados, Bermuda, British Virgin Islands, Cayman Islands, Dominica, Grenada, Guyana, St...
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Frontera hits pay in Colombia as Guyana drill campaign nears

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Frontera Energy Corporation on Thursday announced a successful discovery in Colombia in the Lower Magdalena Valley, striking a combination of light oil and natural gas. The company said it looks forward to further successes in Colombia, Ecuador and Guyana. Richard...
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The Oil Pollution Prevention, Preparedness Response and Responsibility Act: Liability 

In my last piece, I gave an overview of Guyana’s new Oil Pollution Prevention, Preparedness Response and Responsibility Act...

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