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Exploration

Rowan Jack up rig arrives for Repsol drill campaign at Kanuku Block

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The Rowan/Valaris EXL II jack up rig has arrived in Guyana’s waters in preparation for drilling in the offshore Kanuku Block for Repsol, following its drilling campaigns in Trinidad over the past few years for petroleum giant BP. Services company...
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Petrobras boosts oil, gas output 16.5% in Q3

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Brazilian oil company Petrobras said Friday its third-quarter crude oil and natural gas output was 16.5% higher year on year, amid record-setting production from subsalt fields. State-led Petrobras, which has been was completing the installation of seven new floating production...
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Oil prices fall as global demand concerns grow

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(Reuters) - Oil prices fell on Monday on concerns about slackening global demand that outweighed bullish signals from Europe, where fears of an economically damaging no-deal Brexit have eased. Global benchmark Brent crude oil LCOc1 was down 30 cents to...
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Guyana, Trinidad O&G relationship must be based on mutual respect – private sector reps

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Members of Guyana’s business fraternity are concerned about the recent staging of an oil and gas safety forum in Georgetown by the Energy Chamber of Trinidad and Tobago. Guyanese business representatives say the local private sector groups were not...
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Guyana’s largest oil conference set for November

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The Guyana International Petroleum Exhibition (GIPEX) will take place from November 20 to 22 at the Guyana Marriott Hotel, in the country’s capital city, Georgetown. The event is being organised by UK-based Valiant Business Media in collaboration with the Department...
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Operationalisation of oil fund expected after elections – Guyana finance minister

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Guyana’s Finance Minister, Winston Jordan, is calling on politicians and others in the country not to politicize the Natural Resource Fund (NRF), also known as the Sovereign Wealth Fund, but see the value in its operationalisation. In a recent interview...
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Eni CEO sees no future for companies working in just oil and gas

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(Reuters) There is no future for companies that work only in oil and gas in the medium- to long-term, the head of Italian major Eni said on Friday. “Diversification into renewable energy and the circular economy is crucial,” Claudio Descalzi...
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SBM is successful bidder for five Brazilian FPSOs

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SBM Offshore said on Friday it is the successful bidder for the interests held by Brazil’s Servicos de Petroleo Constellation in five floating production, storage and offloading vessels. The company said completion of the transaction remains subject to various conditions...
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TT bank positioning itself for Guyana’s oil windfall

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A Trinidad and Tobago financial institution — First Citizens Bank — is looking to service Guyana’s Oil and Gas industry. This, as Guyana’s prospects increase, and the South American nation moves closer to first oil by 2020. The Bank expressed...
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SBM secures US$1.14B financing for Liza Unity FPSO from consortium of 9 international banks

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SBM Offshore said on Wednesday it completed the project financing of the Liza Unity FPSO for a total of US$1.14 billion. The project financing was secured by a consortium of nine international banks. The Company said it expects to draw...
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Stories Beyond the BarrelShikema Dey -

Kareshma Narine, the Guyanese who helped chart the early days of offshore drilling

Kareshma Narine was one of the first Guyanese to take up a position aboard the Noble Bob Douglas drill...

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