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Guyana lagging in institutional capacity

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Speaking with OilNOW, Anthony Paul, Principal Consultant, Energy and Strategy, Association of Caribbean Energy Specialist Ltd cited a Rapid Analysis that was commissioned by UNDP in 2015 to determine the readiness of Guyana for oil production. The results of the...
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T&T energy expert “not convinced” Petrotrin is a viable option for Guyana’s oil

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A Trinidad and Tobago-based consultant in the energy industry says he is not convinced that the twin island’s Pointe-à-Pierre refinery; Petrotrin, is a viable choice for Guyana, as the South American country continues to explore the best options available...
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Hess to sell enhanced oil recovery assets in Permian Basin

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Hess Corporation said on Monday it has entered into an agreement to sell its interests in enhanced oil recovery (EOR) assets in the Permian Basin to Occidental Petroleum Corporation (NYSE: OXY) for a total consideration of $600 million, effective...
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Guyanese private sector “walking and sleeping” on oil & gas opportunities

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The business community in Guyana is coming in for heavy criticism from two of its members who say a lack of understanding of what is happening in the country’s emerging oil and gas sector and an unwillingness to invest...
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Venezuela forced to import 13 million barrels of oil this year

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Venezuela, home to the largest oil reserves in the world, is seeking to import 13 million barrels of fuel this year as the country’s refineries are now operating at less than half of their capacity. Output has dropped at the...
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Oil price tumbles to 6-month low

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Brent crude slipped below $45 on Wednesday, reaching its lowest price since last November as a supply glut continues to plague oil markets, according to a new report by Bloomberg. Oil has returned to levels last seen before the Organization...
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Seminar on managing oil resources opens today in Guyana

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Employees of government ministries and agencies in Guyana are set to benefit from a two-day training seminar on managing oil revenues, as the country races to prepare for petroleum production in 2020. Experts began arriving in the country over the last couple of...
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Tullow contracts Noble for offshore drilling in Suriname

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UK-based Tullow Oil has contracted US-driller Noble Corporation for an exploration well on its "game changer" Araku prospect offshore Suriname, South America. Tullow has contracted the Noble Bob Douglas drillship from early October to early November, this year. According to an...
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ExxonMobil to provide plan for sourcing goods and services in Guyana, utilizing local labour

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US super-major ExxonMobil will have to provide a detailed plan to the Guyana government for the procurement of goods and services in the country as well as the employment and training of Guyanese citizens, in keeping with requirements of...
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Qatargas to deliver 1.1M tonnes of LNG/yr to Shell in new deal

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European oil giant Royal Dutch Shell PLC has signed a purchase and sale agreement with liquefied natural gas company Qatargas. According to the deal, Qatargas will deliver up to 1.1mn tonnes of LNG a year to Shell for five...
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Guyana Energy Conference launches essay competition for high schoolers

The Guyana Energy Conference and Supply Chain Expo (GECSCE) has launched its first-ever essay competition, open to Guyanese students...

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