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ExxonMobil close to signing deal with Mauritania for O&G exploration

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(Reuters) ExxonMobil Corp. is close to signing a deal to explore for oil and gas offshore Mauritania, its first foray into the West African country, Mauritania’s oil, energy and mines director said on Wednesday. An ExxonMobil spokeswoman declined to comment...
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Brazil draw down largest signature bonus in history at 14th bidding round

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The 14th Bidding Round of blocks for exploration and production of oil and natural gas, held on September 27 by Brazil’s National Agency of Petroleum, Natural Gas and Biofuels (ANP), marked the reestablishment of the sector in the South...
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Shell accused of abuses in Nigeria’s Ogoniland

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(BBC) Oil giant Shell should be investigated for alleged complicity in" horrific crimes" committed by the military in Nigeria in the 1990s, Amnesty International has said. Shell encouraged a crackdown, which led to killings and the burning of villages in...
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Why is Exxon drilling 17 wells for Liza Phase 1?

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ExxonMobil along with its joint venture partners Hess and CNOOC Nexen will be drilling 17 wells in preparation for the Liza Phase 1 development project located 120 miles offshore the South American country of Guyana. But why is the...
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Guyana opposition says deliberate attempts being made to delay SWF legislation

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The Government of Guyana will be looking to embark on a fresh round of consultations in the coming year for the establishment of a Sovereign Wealth Fund (SWF) – a move which the political opposition sees as a delay...
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Tullow secures US$2.5B debt refinancing

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Tullow Oil announced on Wednesday that it has completed the refinancing of US$2.5 billion of Reserves Based Lending (RBL) credit facilities. The US$2.5 billion of credit facilities are split between a commercial bank facility of US$2.4 billion and an IFC...
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CNOOC starts oil production at Weizhou oil field

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CNOOC Ltd. (NYSE: CEO) has already commenced production for its Weizhou 12-2 oil field phase II project, the company said on Tuesday. The Weizhou 12-2 oil field phase II project is located in Beibu Gulf in the South China Sea...
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Hess wraps up sale of interests in Equatorial Guinea

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Hess Corporation said Tuesday it has completed the previously announced sale of its interests in offshore Equatorial Guinea to Kosmos Energy and Trident Energy for a total consideration of $650 million, effective January 1, 2017. “Our 2017 asset monetizations have exceeded expectations in terms of value and...
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ExxonMobil begins oil production at Hebron Field

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Exxon Mobil Corporation (NYSE:XOM) today announced that the Hebron project started production safely and ahead of schedule. At its peak, the project will produce up to 150,000 barrels of oil per day. Discovered in 1980, the Hebron field is estimated to...
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ExxonMobil CEO makes first big changes to refining

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(Reuters) - Exxon Mobil Corp Chief Executive Darren Woods is reorganizing the company’s refining operations, part of a push to boost profits amid volatile oil and natural gas prices, the company said on Monday. The changes at the world’s largest...
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Offshore Frontier Solutions wins contract for ExxonMobil’s Hammerhead FPSO in Guyana

Offshore Frontier Solutions Pte. Ltd. (OFS), a joint venture between MODEC Inc. and Toyo Engineering Corporation, has secured a...

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