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Ex-Halliburton Chairman Dave Lesar to start new oil-services company

OilNOW -
(Bloomberg) Dave Lesar, fresh from retiring as Executive Chairman of Halliburton Co. at the end of 2018, is working on a new venture in the oil patch with funding from private equity firm CSL Capital Management. Lesar, 65, plans to start an...
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Exxon to be Indonesia’s biggest oil producer in 2019 -regulator

OilNOW -
(Reuters) Exxon Mobil Corp unit Exxon Mobil Cepu Limited is expected to produce 216,000 barrels per day of crude oil in 2019, making it Indonesia’s biggest oil producer, the country’s upstream oil and gas regulator (SKKMigas) said. In second place...
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US must play key role in supporting democracy in Guyana, help country avoid ‘descent into chaos’ – Evan Ellis

OilNOW -
A senior Associate attached to the Center for Strategic and International Studies (CSIS) - a think tank based in Washington, D.C. – believes the United States has a vested interest in ensuring that the emerging South American oil giant,...
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Norway awards 33 oil firms a record number of exploration blocks

OilNOW -
(Reuters) Norway awarded 33 oil companies a record 83 blocks to explore for petroleum resources in mature areas of the Norwegian continental shelf, the country’s oil and energy minister said on Jan. 15. A total of 38 oil companies had...
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Jamaica seeking to retake Venezuela’s stake in Petrojam

OilNOW -
The Jamaica government said last week it will be enacting special legislation that would allow it to forcibly retake the 49 per cent stake held by Venezuela in the state-owned oil refinery Petrojam, according to a report on the...
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Guyanese Danco joins forces with UK’s CSM to provide state-of-the-art logistics services

OilNOW -
It is full throttle ahead for Guyana’s oil and gas program as US oil major ExxonMobil prepares to begin extracting crude in 2020. Experts and pundits alike are touting Guyana as the leading oil discovery nation for 2018, ahead...
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TechnipFMC’s Chairman calls it a day

OilNOW -
ExxonMobil Guyana Prime Contractor – TechnipFMC, announced on Wednesday that the company’s Executive Chairman, Thierry Pilenko has decided to retire from the Board of Directors, effective May 1, 2019, after the Company’s Annual General Meeting. Mr. Pilenko was appointed Executive...
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Venezuela claim on Guyana territory cuts Stabroek Block…’entirely’ – Greenidge

OilNOW -
More than five billion barrels of oil have been discovered to date off the Guyana coast in an area called the Stabroek Block which is internationally recognized to be part of the South American country’s Exclusive Economic Zone (EEZ)....
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Private refiners in Guyana will have to buy oil at market cost

OilNOW -
The Government of Guyana will not sell oil at a subsidized cost to any private investor who undertakes to build a refinery in the South American country. “Anyone who wishes to open a refinery can do so but they will...
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Guyana should seek broader alliance with US military to ward off threat from ‘desperate Venezuelan regime’ – Former Minister

OilNOW -
A former Guyanese government official believes that a sustained programme to facilitate military tactical support and coordination between Guyana and the United States of America would help to deter further aggression from Venezuela. Former Minister of Natural Resources and the...
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Suriname’s National Debt Chief resigns amid enhanced financial scrutiny of NDP government 

PARAMARIBO, SURINAME - Malty Dwarkasing has resigned as Suriname’s Administrator-General of the National Debt Office. Dwarkasing submitted her resignation...

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