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Ecuador unable to meet OPEC curbs; says it needs to pump more oil

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Ecuador has become the first country to publicly admit it will not meet OPEC’s production curbs, saying it needs to pump more oil to address its fiscal deficit. The South American country’s promised cut of 26,000 barrels of oil a...
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OilNOW EXCLUSIVE: Learn more about what TechnipFMC is undertaking offshore Guyana

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TechnipFMC has been awarded three contracts by ExxonMobil for development of the Liza field offshore Guyana. Carlos Latorre, International Service Manager, spoke exclusively with OilNOW and had this to say... https://www.youtube.com/watch?v=fWMCjZv075Q    
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Trump threatens “strong and swift economic actions” against Venezuela

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(Reuters) - U.S. President Donald Trump threatened on Monday to take "strong and swift economic actions" if Venezuelan President Nicolas Maduro goes ahead with plans to create a super-legislature known as a Constituent Assembly in a July 30 vote. "Yesterday,...
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EITI will allow Guyanese to know what revenues are being collected – Repsol Country Manager

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Exploration Country Manager of Repsol Exploration Guyana S.A. Ryan Ramjit, believes that while the Extractive Industries Transparency Initiative (EITI) is “no silver bullet” it is extremely important for enhancing transparency and accountability. He was speaking on Saturday July 15, 2017...
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$2 billion oil hedge fund now nearly worthless

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(Reuters) - Wells Fargo (WFC.N) and a number of other lenders are negotiating to take control of a hedge fund previously valued at more than $2 billion that is now worth close to nothing, according to a report from...
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ExxonMobil supporting research to convert biomass into fuel

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The University of Wisconsin-Madison and ExxonMobil have announced a two-year renewal of an agreement to research the fundamental chemistry of converting biomass into transportation fuels. The research is part of a broad effort to identify scalable and commercially viable...
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Guyana signs onto OPEC fund

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Guyana’s private sector is set to benefit from new avenues for finance and investments with the signing of an Agreement for Encouragement and Protection of Investment with the OPEC Fund for International Development (OFID). The country’s Minister of Finance, Winston...
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Excitement high as 2nd batch of Guyanese workers head out to Stena Drillship

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Excitement was high on Saturday at the head office of El Dorado Offshore (EDO) in Georgetown, as another batch of Guyanese workers prepared for the 120-mile journey offshore to the Stena Carron Drillship. Stena has selected 12 Guyanese nationals through...
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US Ambassador optimistic Guyana will achieve EITI candidacy this year

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US Ambassador to Guyana, Perry Holloway, says he is optimistic that Guyana’s candidacy for the Extractive Industries Transparency Initiative (EITI) will be approved this year. The United States is providing assistance to the Ministry of Natural Resources in support...
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Public lecture on safety culture in oil & gas set for Tuesday

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Guyanese will have another opportunity to learn more about key aspects of the oil and gas industry with the staging of another public lecture on Tuesday, July 18, 2017. The focus of this lecture will be the cultural impact...
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ExxonMobil begins maintenance on Liza Destiny FPSO 

ExxonMobil commenced maintenance on the Liza Destiny floating, production, storage and offloading vessel (FPSO) within Guyana's Stabroek Block on...

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