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Despite political uncertainty in Guyana oil development remains intact – Morgan Stanley

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US multinational investment bank, Morgan Stanley, believes that oil development plans in the South American country of Guyana remain intact despite political uncertainty and a recent report pointing to anti-corruption investigations into the award of oil blocks. In a...
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TT to sign new agreement with Shell

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Trinidad and Tobago is scheduled to sign a new agreement with oil and gas giant Shell next week. According to a report in Loop, Prime Minister Dr Keith Rowley will lead a Government delegation which will include Ministers from the Ministry...
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Japanese O&G Master Plan plugs refining capacity, LNG plant for Guyana

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Officials of Mitsubishi Corporation met with business representatives in Guyana on Thursday to discuss the final report of the Oil and Gas Master Plan for Guyana (OGMP), a collaborative effort between the Guyana government and Japan. The group met with...
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CNOOC Limited’s Appomattox Field in GoM commences production

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CNOOC Limited announced on Thursday that the Appomattox Field in the US Gulf of Mexico has safely commenced production ahead of schedule. The company said in a press release that the Appomattox Field is located approximately 128 kilometers southeast of...
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Oil suffers worst day of 2019 as trade turmoil swamps confidence

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(Bloomberg) - Oil spiraled to its worst daily performance of the year as mounting trade tensions between the world’s biggest economies sent investors fleeing from risky assets. Futures in New York fell almost 6% on Thursday for the steepest decline...
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Guyana opposition pushing bipartisan management of oil sector

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With the South American country of Guyana just months away from first oil and possible early election, the main opposition party says it would like to see measures being put in place to ensure the country’s emerging petroleum sector...
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SARA says ‘can’t confirm nor deny’ report on oil blocks investigation

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Guyana’s State Asset Recovery Agency (SARA) is not yet providing any information on a Bloomberg report published on Wednesday in which the head of the agency is quoted as saying a probe is underway regarding the award of offshore...
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Tilapia-1 ‘the big catch’ for Guyanese geoscientist Ashlika Persaud

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When ExxonMobil and its joint venture partners in the Stabroek Block offshore Guyana HESS and CNOOC Nexen announced the Tilapia discovery, it was a special moment for young Guyanese geoscientist Ashlika Persaud. Not only did she work with the team...
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ExxonMobil’s disposing of GoM assets draws interest from Repsol SA, Ineos

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Repsol SA and UK based Ineos Group Holdings are showing interest in US oil major ExxonMobil’s selling off of oilfields in the Gulf of Mexico. According to a Bloomberg article, the assets could be worth as much as $1.5 billion....
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Offshore sanctioning nearing peak – Rystad Energy

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The annual growth rate in the global offshore oilfield services market will likely be halved after 2022, according to Rystad Energy. The independent energy research and consultancy firm headquartered in Norway with offices across the globe forecasts that the service...
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Noble launches pre-qualification for offshore scaffolding services in Guyana

Noble Finance Company, an affiliate of Noble Corporation, has issued a Request for Information (RFI) to pre-qualify companies capable...

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