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Caracas threatens to seize Chevron oil assets

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Venezuela is threatening to nationalize Chevron's oil assets if Washington declines to extend a sanctions waiver that expires on 27 July, reports independent media organization, Argus. The waiver issued as a general license by the US Treasury Department on 28 January allowed...
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Discoveries up 35% – Guyana oil strikes propelling uptick

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Global discoveries of conventional oil and gas continue to show promising growth, with new finds totaling 6.7 billion barrels of oil equivalent (boe) in the first half of 2019, according to the mid-year assessment of upstream data by Rystad...
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Another major player in the O&G industry sets up shop in Guyana hotspot

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Harvey Gulf International Marine Inc. has established its newest country office in Guyana. On Wednesday, July 10, 2019, Harvey Gulf’s local office, Guyana Offshore Vessel Services Inc, held a reception to celebrate the occasion in front of their building...
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Guyanese businesses urged to push for meaningful participation in O&G

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Training, capacity building and having a stake in the operations of businesses entering the country to tap into opportunities in oil and gas are some of the key targets Guyanese are being urged to pursue as the South American...
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Total divests several non-core UK assets to Petrogas

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French oil giant Total has confirmed that it has signed an agreement to divest several UK non-core assets to Petrogas NEO UK Ltd, the exploration and production arm of the Oman-based conglomerate MB Holding. According to a Total release,...
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Oil Workers Evacuate GOM Rigs as Storm Strengthens

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(Bloomberg) -- Oil and natural gas producers in the U.S. Gulf of Mexico began evacuating workers and shutting in output as a storm gathers strength off the coast of Florida. The system sitting 100 miles (160 kilometers) southwest of Apalachicola,...
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More than 15 drill targets identified at Orinduik

OilNOW -
More than 15 drill targets have been identified at the Orinduik block offshore Guyana and co-venturers Tullow, Total and Eco Atlantic are fully funded to drill at least 8, having just a few days ago spudded the first of...
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Staying home, getting cheque in mail not on the cards for oil revenue – Finance Minister

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Guyana’s finance minister, Winston Jordan, says while the prospect of cash payouts to citizens from oil revenue has not been discussed at the level of Cabinet since it was first floated several months ago, it is not something that...
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CARICOM reaffirms ‘unswerving support’ for Guyana in border spat with Venezuela

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The Caribbean Community said this week in a Communique coming out of the 40th Regular Meeting of the Conference of Heads of Government that it remains committed to supporting Guyana in the country’s efforts to preserve its sovereignty in...
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Mexico moratorium on oil auctions giving rival Brazil an edge

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(Bloomberg) -- Mexico’s moratorium on auctioning off its oil riches to foreign producers is giving a leg up to nearby rivals Brazil and Guyana. Mexico President Andres Manuel Lopez Obrador has halted new bid rounds, and state-owned Petroleos Mexicanos has...
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‘We need everyone on board’ – Anne Rita Wijdh calls for faster implementation of Suriname’s local content framework

PARAMARIBO, SURINAME – In an exclusive interview with OilNOW, local content specialist Anne-Rita Wijdh offered her perspective on Suriname’s...

OilNOW is a Resource Center founded and owned by Guyanese. OilNOW is an apolitical, non-partisan, privately owned agency that strives to ensure the highest degree of accuracy and balance.

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