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Over 75% of BIT graduates capture jobs in Guyana’s emerging O&G industry

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The Board of Industrial Training (BIT), which administers and delivers technical and vocational educational training in Guyana, says it will continue to tailor its programmes to keep in line with the transformative changes that are taking place in the...
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Apache spuds Suriname wildcat

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US independent Apache has spud a wildcat on Suriname’s Block 58, probing a prospect considered to be closely on-trend with one of 14 discoveries made by US oil major ExxonMobil in neighbouring Guyana. According to an October 4 report from...
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BP CEO ends 40-year career with company

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The Board of BP announced Friday that, after a 40-year career with BP and over nine years as group chief executive, Bob Dudley, 64, has decided to step down as group chief executive and from the BP Board following delivery of the...
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Compliance, systems and certification essential for partnerships in oil industry – GO-Invest Chairperson

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As many local companies aspire to play a role in Guyana’s emerging petroleum industry, whether as a supplier or a partner in development, it is important to adhere to tax and labour laws, statutory obligations and industry regulations. This...
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PPP in favour of ‘targeted cash transfers’ from oil revenue

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Guyana’s Opposition Leader, Bharrat Jagdeo said on Thursday that the People’s Progressive Party Civic (PPP/C) is in favour of targeted cash payouts to Guyanese from revenue the country is set to earn from oil production. Mr. Jagdeo however cautioned...
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Three days in Venezuela’s oil belt show the price of pillage

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As the mainstay industry withers, thieves take equipment, materials and the liquid itself (Bloomberg) The men step out of the van and act fast. As one stands guard, the others approach an oil pump and remove filler plugs. They drain...
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Guyanese workforce, suppliers increasing as first oil approaches

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With close to 30 billion dollars spent in Guyana on the procurement of goods and services since 2015, ExxonMobil says it has a tripartite approach to local content and sees its application as one that benefits both the company...
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Brazil’s Petrobras pushes ahead with onshore field sales

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(S&P Global Platts) Brazilian state-led oil company Petrobras completed the sale of onshore oil fields in the Potiguar Basin and put several exploration blocks in the Reconcavo Basin up for sale as the company continued to shed onshore assets...
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Bourbon Rhode death toll rises as search efforts continue

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The body of another crew member from the Bourbon Rhode supply vessel that sunk on September 26 while en route to Guyana, has been recovered. The company said on Wednesday that the body of the fourth seafarer was discovered Tuesday...
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Equinor awards world’s first O&G contract for advanced wireless drone services

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Equinor, on behalf of the Njord licence, has awarded Saipem a subsea service contract using a wireless underwater intervention drone and an ROV. This contract will make Equinor the first user of technology expected to be completed in 2020. “This is...
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Exxon hits 900,000 barrels of oil per day in Guyana as Yellowtail reaches full capacity

ExxonMobil Guyana today announced that the country’s daily oil production has reached a new milestone of 900,000 barrels per...

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