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U.S. natural gas price will fall to levels not seen since 1970s – IHS Markit

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A persistent oversupply of natural gas will drive the 2020 average price at the Henry Hub down (in real terms) to a level not seen in decades, according to a new report from IHS Markit, a world leader in...
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ExxonMobil plugs more support into youth innovation and creativity

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In its continued effort to support the advancement of STEM—Science, Technology, Engineering, Mathematics—education, ExxonMobil Guyana has provided funding which has enabled six secondary schools in the country to be equipped with robotics kits. Through a partnership with Volunteer Youth Corps,...
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PSC ‘working overtime’ to identify representative for Guyana’s wealth fund

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Chairman of Guyana’s Private Sector Commission (PSC), Gerry Gouveia, says the business group is working overtime to identify a suitable person to sit on the oversight committee of the country’s Natural Resource Fund (NRF) which will be the primary...
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Wealth fund workshop planned; committees not yet fully constituted

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A team from the International Monetary Fund (IMF) has been in Guyana to assist the Government, through the Ministry of Finance, in setting up its own internal unit that specifically focuses on oil and gas management in the country. This...
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T&T oil decline driving investors to nearby Guyana – Ramnarine

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Trinidad and Tobago (T&T) has seen a stagnation in its oil-based economy in recent years and with little to no new investment opportunities, its businessmen are now flocking the hemisphere’s newest Oil and Gas (O&G) hot-spot—neighbouring Guyana. So says former...
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7 play types, over 50 large prospects at Apache Suriname block

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In Suriname, where at least four non-commercial wells have been drilled in as many years by Kosmos Energy and Apache, the next 12 months nonetheless look busy. S&P Global Platts said in a recent report that despite setbacks at two...
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Guyana looking to collaborate with Kuwait for O&G

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Guyana’s President David Granger on September 11 accepted letters of credence from the plenipotentiary representative from Kuwait, His Excellency Nasser Riden Al-Mptairi, with the hopes of continuing cooperation and initiates in new areas of collaboration, especially in the oil and...
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Eco Atlantic shares appreciate after Orinduik discovery

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Share prices for Eco Atlantic Oil and Gas (O&G) have appreciated significantly on the stock market, following the discovery of more than 100 million barrels of recoverable hydrocarbons in the Orinduik Block offshore Guyana. According to market reports, the company—co-venture...
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ExxonMobil adds three offshore blocks to Brazilian portfolio

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(Offshore Energy) As part of the first cycle of the permanent round, the country’s regulator, the National Agency of Petroleum, Natural Gas and Biofuels (ANP), auctioned 33 blocks in the Sergipe-Alagoas, Parnaíba, Potiguar and Recôncavo basins, and 12 areas...
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$100M investment fund set up to support Guyana onshore O&G services

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A $100 million USD Investment Fund has been set up particularly for Guyana to boost the provision of its onshore services. The Guyana Office for Investment (GO-Invest) on Tuesday announced the development coming out of the Society of Petroleum Engineers...
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GranMorgu FPSO construction hits 27% as Suriname targets first oil by 2028

Construction of the floating production, storage and offloading (FPSO) platform for Suriname’s GranMorgu project has reached 27%, state oil...

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