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Brazilian investors looking to farm into O&G opportunities in Guyana

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Guyana’s Minister of State, Joseph Harmon, on Thursday, met with a delegation of Brazilian investors who are in Guyana to explore areas of investment in the country’s emerging oil and gas sector. The meeting took place at the Minister...
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ExxonMobil Senior VP calls on Guyana’s President

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Guyana’s President David Granger, on Thursday, received a courtesy call from Senior Vice President of Exxon Mobil Corporation, Neil Chapman, who is in Guyana to familiarise himself with the operations, having recently taken over responsibilities for the global upstream...
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Hundreds of Norway oil workers go on strike, Shell shuts Knarr Field

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(Reuters) Hundreds of workers on Norwegian offshore oil and gas rigs went on strike on Tuesday after rejecting a proposed wage deal, leading to the shutdown of one Shell-operated field and helping send Brent crude prices higher. One union said...
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Rystad joins Wood Mack in 700,000 bpd production estimate for Guyana

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Guyana is expected to rank among the thirty largest nations for offshore oil services by the 2020’s and has the potential to produce up to 700,000 barrels of oil per day if all of the current discoveries are made...
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Beneficial owners of oil companies to be listed in public registry

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The beneficial ownership roadmap for Guyana has been drafted, and in order to meet the requirements of the Extractive Industry Transparency Initiative (EITI), come 2020, a public registry of all beneficial owners of companies operating in Guyana’s Oil and...
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EITI Regional Director urges continued transparency

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The Guyana Government is being urged to continue its transparency efforts regarding contracts with oil companies operating in its territory.  This call was made by the Regional Director of the Extractive Industries Transparency Initiative (EITI) Francisco Paris. According to the...
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Guyana has more barrels of oil per capita than any country in the world – Rystad Analyst

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With eight commercial oil discoveries made since 2015 and just two dry holes, Guyana’s success rate stands at a record 80% while the industry average is 35% in general and 20% for frontier regions. Senior Analyst at Norway-based Rystad Energy,...
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Oil doesn’t attract crime; more people and money do – US Ambassador

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US Ambassador to Guyana, Perry Holloway, has called for significant investments to be injected into crime and security, as Guyana needs to prepare itself for new challenges as an emerging oil and gas economy. He was delivering the keynote address...
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Rystad Analyst: “We need to incentivize people to come and invest’

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Guyana is a frontier country in terms of oil and gas and as such the fiscal regime offered to international exploration companies needed to be attractive as the area was yet to be derisked. In light of this, Guyana...
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Public scrutiny must lead transparency efforts – EITI Regional Director

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As Guyana pushes to promote transparency, accountability and good governance of its oil, gas and other natural resources, the Guyana Extractive Industries Transparency Initiative (GYEITI) in collaboration with the Ministry of Natural Resources opened a two day capacity building...
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Global upstream investments to decline 2% in 2025, says Rystad Energy

Global upstream investments are forecast to drop by 2% in 2025, marking a slowdown after years of growth, according...

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