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Former SBM CEO, sales executive, plead guilty in Petrobras scandal

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(Bloomberg) A former CEO of oil-services company SBM Offshore NV pleaded guilty Thursday to charges related to the Petrobras corruption scandal in Brazil as the U.S. steps up its pursuit of individuals over corporate misdeeds. ExxonMobil Guyana closely studying Petrobras corruption case...
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Venezuelan oil output heads to 29-year low as cash crunch grows

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(Bloomberg) -- Venezuela is set to pump the least oil in almost three decades, just when it needs petrodollars the most. Output is expected to slump to 1.84 million barrels a day next year, the lowest compared with official government...
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Mangal’s public utterances disingenuous; should tender his advice to President – Persaud

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In wake of a series of comments made to the media during an interview on Wednesday by Advisor to the President on Petroluem, Dr. Jan Mangal, Guyana’s former Minister of Natural Resources, Robert Persaud, has taken issue with what...
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Government must facilitate more informed views on oil – Presidential Advisor

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A number of people in Guyana are suspicious of the country’s emerging oil and gas industry and their elected representatives, says Advisor to the President on Petroleum, Dr. Jan Mangal. He believes that government must do more to facilitate...
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China Energy Investment signs MOU for $83.7B in US projects

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(Reuters) - China Energy Investment Corp, the world's largest power company by asset value, has signed a Memorandum of Understanding (MOU) to invest $83.7 billion in shale gas, power and chemical projects in West Virginia, the U.S state said...
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VLCC for Liza Destiny conversion to arrive in Singapore this month

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SBM Offshore expects the Very Large Crude Carrier (VLCC) for ExxonMobil’s Liza project offshore Guyana to sail into Keppel Shipyard in Singapore later this month, for conversion to an FPSO. The program should get under way later this year. The shipyard’s work scope includes refurbishment...
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No sinister motive behind non-disclosure of contract, several details in public domain – Trotman

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Guyana’s Minister of Natural Resources, Raphael Trotman, reiterated on Wednesday, that the Government believes it should not release the full details of the contract between itself and ExxonMobil at this time, but pointed out that enough details are already...
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EU strikes deal on carbon market reform

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BRUSSELS (Reuters) - European Union negotiators agreed to a compromise on carbon market reforms on Thursday, with the bloc keen for a deal this week to show leadership at U.N. climate talks in Bonn. Agreement was reached early on Thursday...
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ConocoPhillips aims to plug $5.5 billion/year in capital projects

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(Reuters) - ConocoPhillips (COP.N), the largest U.S. independent oil and natural gas producer, said on Wednesday it will spend an average of $5.5 billion annually for the rest of the decade on capital projects as long as oil prices...
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‘Iwokrama collaboration fits with our core value of science, protecting the environment’ – Exxon

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ExxonMobil Country Manager in Guyana, Rod Henson, says collaborating with Iwokrama International Centre is in keeping with the company’s core value of science and protecting the environment. Henson was at the time speaking to a number of persons gathered on Wednesday evening...
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Fiscal terms in Guyana, Namibia, Angola ‘striking the right balance’ – WoodMac

Global provider of data and analytics, Wood Mackenzie, said host governments, such as those in Guyana, Namibia, and Angola,...

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