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ExxonMobil, BHP withdraw Bass Strait oil assets from sale in major turnaround

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(ABC) BHP and ExxonMobil are holding on to their ageing oil platforms in Bass Strait, off the Victorian coast, just 20 months after putting them on the market. The fields that make up the oil block include Australia's oldest and...
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AG told to ‘make case’ for more funding to audit Guyana’s O&G sector

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Guyana’s Auditor General, Deodat Sharma and the South American country’s Government are at odds over funding of the Audit Office. This, in light of the fact the country is yet to begin any audits as mandated under its petroleum...
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Guyana focusing on benefits of oil contract; not renegotiation – Minister of State

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Guyana’s Minister of State Joseph Harmon says the Production Sharing Agreement between ExxonMobil and the South American country is binding and the David Granger led administration will be looking ahead, focusing on the benefits to be accrued when oil...
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Businessman behind ‘go-invest elsewhere’ ad apologises

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Guyanese Businessman, Chief Executive Officer of Bel Air Georgetown-based Eco Potanzia Industry, Siri Persaud, has owned up to being behind a print advertisement in the Guyanese press calling on investors to invest elsewhere. Persaud has since apologised by way of...
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Guyana welcomes strategic partners who put country first

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Authorities in Guyana have embraced the position that the South American country alone cannot efficiently and competitively develop its emerging Oil and Gas (O&G) industry and as such, should continue to seek out strategic partners. The country’s Minister of Public...
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Brazil to decide in first half on Total’s Amazon River basin drilling

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(Reuters) - Brazil environmental agency Ibama will decide on French oil firm Total’s application to drill in the environmentally sensitive Amazon river basin before the end of May, and possibly as soon as the end of March, an agency...
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Aker Energy buys Hess Ghana business, expects first oil in 2021

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Norwegian billionaire Kjell Inge Roekke’s Aker Energy plans “significant” oil exploration and production in Ghana after a $100 million deal to buy Hess Corporation’s (HES.N) business there. Hess holds a 30 percent interest in the Stabroek Block offshore Guyana. Reuters reports...
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BP sees electric future with oil demand peaking in 2030s

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(Bloomberg) The British company bumped up its forecast for electric vehicles by 80 percent to 180 million by 2035, according to an energy outlook released Tuesday. It expects a third of the miles driven in 2040 will be powered...
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Noble Energy profit beats estimates on cost cuts, rising oil prices

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(Reuters) - U.S. oil and gas producer Noble Energy Inc (NBL.N) reported adjusted quarterly profit on Tuesday that easily beat analyst estimates due to cost cuts and higher crude prices, sending shares surging more than 7 percent in morning...
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Encouraging indicators for oil & gas in Jamaica says PCJ

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(Jamaica Observer) The Petroleum Corporation of Jamaica (PCJ) says a geological study recently conducted by CGG Robertson of the United Kingdom has revealed further “encouraging” signs for possible petroleum potential on and off-shore Jamaica. “The investigations, which were carried out...
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Kumu’s new small-scale hydropower plant now operational

Guyana commissioned a new 1.5 megawatt (MW) hydropower station in the southeastern community of Kumu on Friday, part of...

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