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CAPEX among world’s largest O&G firms to rise to just under $500B in 2018

OilNOW -
(Rigzone) Capital expenditure (CAPEX) among the world's largest oil and gas companies is due to increase 11.5 percent year-on-year (y-o-y) in 2018 to just under $500 billion, according to oil and gas analysts at BMI Research. “Capital spending among the...
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Guyana to take IMF’s recommendation on petroleum taxation on board

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Guyana will be taking on board some of the recommendations made by the International Monetary Fund (IMF) recently with regards the modernizing of its petroleum fiscal regime, taxation structure and Production Sharing Agreements (PSAs). The International Financial Institution, in 2017,...
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Time will tell how successful Guyana policy framework for O&G is, Jamaica must prepare says former PM

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Former Prime Minister of Jamaica, Bruce Golding says a number of examples in the region point to mistakes that can be made by oil producing nations and while time will tell how successful Guyana is in avoiding pitfalls, Jamaica,...
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18 bidders take part in CNOOC’s LNG auction on Shanghai Gas Exchange – CNOOC official

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Eighteen bidders took part in China National Offshore Oil Corp’s (CNOOC) liquefied natural gas (LNG) auction on the Shanghai Petroleum and Gas Exchange on Wednesday, an official at the state-controlled oil company involved in the sale said. The 90,000 tonnes...
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The most promising oil and gas companies of 2018

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Analysts were bearish on Exxon's prospects for 2018. The stock spent the first few months of 2018 taking a deep dive. But looks can be deceiving. Exxon has made two big recent discoveries. First there's a huge find offshore...
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Analysts say ExxonMobil PSA in line with frontier countries worldwide

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As debate continues in the South American country of Guyana on the fiscal terms outlined in the Production Sharing Agreement (PSA) with US oil major ExxonMobil, UK-based Wood Mackenzie and Norwegian headquartered research company Rystad Energy say the agreement...
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TechnipFMC secures FPSO design contract from BP

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BP has awarded TechnipFMC the engineering design contract for the Tortue/Ahmeyim fields floating production, storage and offloading (FPSO) unit. TechnipFMC is the same company that has been awarded a contract by ExxonMobil Guyana for the engineering, manufacture and delivery of...
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Exxon Guyana acreage equivalent to 2,000 Gulf of Mexico blocks; nation prepping for windfall

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ExxonMobil’s position in the South American country of Guyana spans 11.5 million acres, inclusive of the 6.6 million acres Stabroek Block where more than 3.2 billion barrels of oil have already been found. The company says this is “equivalent to...
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Guyana gets US$20M from World Bank for O&G capacity building

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Guyana says it will use a US$20M loan approved by the World Bank for capacity building initiatives ahead of first oil in 2020.These include finalizing critical legislation and the establishment of critical units, such as a Petroleum Revenue Unit...
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Guyana says ExxonMobil signature bonus still intact, earning interest

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Guyana’s Minister of Finance, Winston Jordan says none of the US$18M—received as a signing bonus from US oil major ExxonMobil—has been spent, and the sum has in fact earned interest between July 2016 and now since it was placed...
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SLB secures multi-region deepwater contracts from Shell

Shell has awarded major drilling contracts to SLB, a global energy technology company. These contracts aim to support energy...

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