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Kosmos slips deeper into red with net loss of $126.1M in Q3

OilNOW -
Kosmos Energy Ltd. (NYSE: KOS) on Monday announced financial and operating results for the third quarter of 2018. For the third quarter of 2018, the Company generated a net loss of $126.1 million, or $0.31 per diluted share as compared to net loss of...
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Trump amps up Venezuelan crackdown, sanctions gold exports with executive order

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(Fox News) US President Donald Trump is continuing to put pressure on the government of Venezuela’s leftist President Nicolas Maduro, introducing a new round of sanctions designed to further rattle the embattled South American country’s oil exports. Trump’s National Security...
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ExxonMobil holds more acreage in Brazil than any other company

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In September 2017, ExxonMobil had interest in just two offshore blocks in Brazil, totaling slightly more than 161,000 net acres. Fast forward one year later: the company now has interest in 26 deepwater blocks across five basins, covering an area nearly...
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Iranian marchers chant “Death to America” on eve of US oil sanctions

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(Reuters) - Iranians chanting “Death to America” rallied on Sunday to mark both the anniversary of the seizure of the U.S. Embassy during the 1979 Islamic Revolution and the imminent reimposition of U.S. sanctions on Iran’s key oil sector. Thousands...
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Hunt on for more oil in Guyana as Pluma well spudded

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US oil major ExxonMobil is ramping up its search for more oil off the Guyana coast with the spudding of the Pluma prospect approximately 17 miles (27 kilometers) from Turbot in the South portion of the 6.6 million acres...
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Energy earnings pull Trinidad & Tobago from recession

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(Oxford Business Group) Presented on October 1 by Colm Imbert, Trinidad and Tobago’s Minister of Finance, the 2019 budget forecasts GDP to increase by 1.9 percent this year before rising to 2.1 percent by 2021, reversing a trend that...
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Exxon records 57% increase in earnings; Guyana discoveries enhance upstream opportunities

OilNOW -
Exxon Mobil Corporation on Friday announced estimated third quarter 2018 earnings of $6.2 billion, or $1.46 per share assuming dilution, compared with $4 billion a year earlier. Cash flow from operations and asset sales was $12.6 billion, including proceeds associated with...
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Finance minister says major transformation from oil money coming; promises tight controls on revenue

OilNOW -
Guyana’s Finance Minister, Winston Jordan, says the revenue to be earned from the first phase of oil production in the South American country – around US$300M annually – will go directly into the Natural Resources Fund and will eventually...
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Oil revenue can radically transform tourism in Guyana – stakeholders say

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Tourism Stakeholders in Guyana believe that revenues from oil production could potentially advance the tourism sector, making the South American country one of the most talked about destinations in the world. This was the highlight of a Tourism, Oil and...
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Hammerhead is ‘thickest single sand package’ drilled on Stabroek Block – Hess

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The Hammerhead-1 well, where approximately 197 feet (60 meters) of high-quality, oil-bearing sandstone reservoir was encountered by the Stena Carron drillship in August offshore Guyana is the ‘thickest single sand package’ drilled on the Stabroek Block, according to President...
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Guyana and Suriname leaders advance talks on trade, energy, and connectivity at high-level meeting

Joint Statement - Meeting Between Jennifer Geerlings- Simons, President of the Republic of Suriname and Dr. Mohamed Irfaan Ali,...

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