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TechnipFMC says surface activity outside North America resilient

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UK-based TechnipFMC says its surface activity outside of North America has been resilient, and the pricing environment has stabilized. In the company’s 3Q 2017 earnings conference call, CEO Douglas Pferdehirt, said, “The Middle East, North Africa and the North Sea...
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AT&T and Shell Sign Global Networking Agreement

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AT&T and Shell have signed an agreement for the provision of managed communications and network integration services for Shell globally. The agreement aligns with Shell's efforts to transform its complex IT operations by adopting more market standard services and fosters...
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Anadarko Petroleum sees 11% rise in 2018 sales volumes

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Anadarko Petroleum Corp. (NYSE: APC) has forecast an 11% rise in sales volumes for 2018, as shale producers boost oil output aggressively, taking advantage of recovering oil prices. The Woodlands, Texas-based oil and gas producer said it expects to sell...
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As Venezuela pumps below OPEC target, oil rivals begin filling gap

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(Reuters) - As Venezuela’s dilapidated energy sector struggles to pump enough crude oil to meet the country’s OPEC output target, rival producers within the exporters group have started to plug the gap, OPEC and industry sources said. The South American...
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If oil triggers loss of agriculture Guyana could face social, economic upheaval

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As Guyana gears up to be a significant oil producer in the Caribbean and Latin American region, warnings about the potential neglect of other sectors, such as agriculture, and the resulting impact this could have on the country of...
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Brazil’s Petrobras says O&G output for October topped 2.7 million boed

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Petrobras said on Thursday that its total oil and natural gas output in October was 2.77 million barrels of oil equivalent per day (boed), of which 2.67 billion boed was produced in Brazil and 104,000 boed abroad. The average oil...
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Total Chief would review Iran gas deal if new sanctions arose

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French oil and gas major Total would have to review its Iran gas project if the U.S. decided to impose unilateral sanctions on Tehran, given the company’s assets in the U.S. market, its chief executive told CNN. The oil major...
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Ecopetrol, Repsol acquire oil blocks in Gulf of Mexico

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Colombia’s state-run oil company Ecopetrol ECO.CN, in partnership with Spain’s Repsol (REP.MC), has acquired four new blocks in the Gulf of Mexico for deep water oil exploration, Ecopetrol said on Friday. Ecopetrol’s U.S. subsidiary, Ecopetrol America Inc., and Repsol can...
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Shell’s long-standing head of crude trading Muller quits

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Royal Dutch Shell’s head of crude oil trading, Mike Muller, has stepped down after 29 years with the company, an internal announcement reviewed Nov. 17 by Reuters showed. Muller, one of the world’s most powerful oil traders, has relinquished his...
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Oil climbs but still set for first fall in six weeks

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(Reuters) Oil prices climbed on Nov. 17 but were still heading for their first week of losses in six, weighed down by Russian hesitation for extending a global pact to cut output and curb oversupply. Benchmark Brent crude oil was...
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Meet Elroy Vankennie: GYSBI’s first Guyanese QHSSE Manager 

Elroy Vankennie is the first Guyanese to hold the role of Quality Health Safety Security and Environment (QHSSE) Manager...

OilNOW is a Resource Center founded and owned by Guyanese. OilNOW is an apolitical, non-partisan, privately owned agency that strives to ensure the highest degree of accuracy and balance.

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