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Petrobras fires up new Lula oil platform offshore Brazil

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(Hart Energy) State-controlled oil company Petroleo Brasileiro, also known as Petrobras, said on Oct. 24 it had started production on its eighth platform in the offshore Lula Field, Brazil's most productive, as it ramps up output from the Santos...
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Total’s Q3 profits soar on record production and high oil prices

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(Reuters) - French oil and gas major Total raised its production growth target for 2018, after a new record output and high oil prices during the third quarter enabled it to report its highest net income in a quarter...
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GCCI inaugural Energy Forum being staged today

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The Georgetown Chamber of Commerce and Industry’s (GCCI) inaugural Energy Forum will be held today at the Symposium Duke Lodge in Guyana’s Capital, Georgetown. The event will examine the challenges being faced in the provision of affordable and reliable...
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Guyana contingent set to visit Europe O&G capital in search of partnerships

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A group of business representatives from Guyana, under the umbrella of the Georgetown Chamber of Commerce and Industry (GCCI), will soon be travelling to Aberdeen, United Kingdom, on a mission to explore partnership opportunities in the petroleum industry. The trade...
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New oilfield services company launched in Guyana

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A new Oilfield Services company was on Wednesday afternoon launched in Georgetown Guyana, through a partnership between locally owned Mines Services Limited, TOTALTEC and Trinidadian Process Components Limited. The company, Jaguar Oilfield Services Guyana, Inc. will be providing products and...
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Avoid plugging oil revenue into manufacturing; invest in education, health and infrastructure instead – Consultant urges

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The recently released Green Paper on Guyana’s Natural Resources Fund has put in place a sturdy policy foundation for the management of the South American country’s oil revenues. This is the view of a consultant at the Natural Resource...
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ExxonMobil applying ‘Build Operate Transfer’ model for Liza Phase 2 FPSO

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The Build Operate transfer (BOT) model is being applied by ExxonMobil in Guyana on its high-profile Liza Phase 2 FPSO project. Given government approval, SBM Offshore will conduct fabrication, installation, lease and operation of the Liza 2 FPSO for...
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Saudi Arabia signs deals worth $50 billion in oil, gas and infrastructure

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(Reuters) - Saudi Arabia signed deals worth more than $50 billion in oil, gas, infrastructure and other sectors at an investment conference in Riyadh on Tuesday, officials there said. Details were announced at the Future Investment Initiative, held in Riyadh...
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Brazil’s Petrobras receives $149M payment from SBM in leniency deal

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(Reuters) - Brazilian state-run oil company Petroleo Brasileiro SA has received an initial payment of 549 million reais ($148.92 million) from Dutch marine engineering group SBM Offshore as part of a 1.22 billion-real leniency deal, the Brazilian government said...
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TechnipFMC awarded subsea contract for ExxonMobil Liza Phase 2 Project; commits to boosting local content

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TechnipFMC (NYSE:FTI) (Paris:FTI) (ISIN:GB00BDSFG982) has been awarded a contract by ExxonMobil affiliate Esso Exploration and Production Guyana Ltd. for the engineering of the subsea system for the proposed Liza Phase 2 project. Following engineering and subject to requisite government approvals,...
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Guyana’s first major oil & gas training college to welcome full cohort next month

The long-awaited Guyana Technical Training College Inc. (GTTCI) is set to welcome its first cohort of students to be...

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