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Oil price hits 30-month high after North Sea pipeline closure

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(The Guardian) The price of oil has hit a 30-month high after the owner of a major North Sea pipeline said it could be shut for as long as three weeks. The price of a barrel of Brent crude has...
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North Sea oil and gas pipeline repairs could take three weeks, say operators

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(Belfast Telegraph) The pipeline has been shut to repair a crack in the pipe which was discovered last week during a routine inspection south of Aberdeen. Operators Ineos said the repair would be more complicated than first thought as the...
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St Lucia PM renews appeal for information on controversial Oil Exploration Agreement

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(CARIBBEAN NEWS NOW) – Some four years after then leader of the opposition in Saint Lucia, Stephenson King, wrote to the governor general, Dame Pearlette Louisy, seeking clarification regarding an oil exploration licence purportedly granted to Colorado oilman Jack Grynberg...
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Private sector officials say making local content too prescriptive can hurt industry

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As discussions continue on the nature and type of local content mechanism Guyana should adopt in order to ensure businesses in the South American country benefit from oil and gas opportunities, some private sector officials are signaling that stringent...
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“We did pay a US$18M signing bonus” – Exxon Country Manager

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Country Manager of ExxonMobil Guyana, Rod Henson, told media representatives on Sunday evening that the company did indeed pay a US$18M signing bonus to Guyana. Mr. Henson, speaking on the sidelines of a Public Lecture on Oil Spill Response Readiness...
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UG forges ‘petroleum partnerships’ with UWI/UTT

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The University of Guyana (UG) has begun accelerating its capacity building efforts in order to ensure adequate tertiary training is available in light of Guyana’s emerging oil & gas industry. As such, UG has in recent weeks and months been...
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Criticism mounts on Guyana Gov’t’s handling of ‘signing bonus’

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Days after Guyana’s Minister of Natural Resources, Raphael Trotman, told law makers in the country’s 65-seat National Assembly that the government did indeed receive a ‘sum’ from US oil major ExxonMobil when a new agreement was inked in 2016,...
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Norway allows Eni to restart Goliat Oil Field in Barents Sea

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(Oilprice) Norway’s Petroleum Safety Authority said on Friday that it had determined that the order that had required a shutdown of the Goliat oil field in the Barents Sea has been complied with and the field’s operator Eni can...
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Transparency group accuses Guyana government of engaging in deception

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Transparency Institute Guyana Incorporated (TIGI) has accused the Guyana Government of deliberately engaging in deception in its handling of an advance payment from US oil major, ExxonMobil. The anti-corruption advocate’s repudiation came swiftly in wake of confirmation that the coalition...
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Opposition Leader calls for resignations amid revelations “advance payment” received from ExxonMobil

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Opposition Leader Bharrat Jagdeo is calling on Guyana’s Ministers of Finance and Natural Resources to immediately resign from government over the revelation that a ‘signing bonus’ was in fact paid by ExxonMobil. The former President now Opposition Leader and General...
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Ali names 25-member cabinet; Vickram Bharrat back at oil ministry

President Irfaan Ali of Guyana unveiled 25 ministerial Cabinet appointees on Saturday evening, as the government embarks on its...

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