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Chevron, SBM and Schlumberger among big name companies onboard for GIPEX 2018

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Several more big name companies in the oil and gas industry have signaled their intent to be part of a major petroleum summit taking place in Guyana next month. The South American country now regarded as the next oil...
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Upstream expenditures expected to grow in 2018 to US$400 billion – WoodMac

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(Offshore Engineer) Believing that major spending cuts are over, Wood Mackenzie expects global upstream capital expenditures to grow slightly in 2018 to a total of US$400 billion. The downturn resulted in nearly $1 trillion being taken out of company spending...
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Shell is closing in on Exxon’s crown

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(Bloomberg) Even in the dynamic world of business, some things always hold true: the Big Mac outsells the Whopper, Google gets more searches than Bing, and Exxon Mobil Corp. is the world’s biggest public oil company. Or perhaps not. Royal Dutch Shell...
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200,000 bpd Egina FPSO arrives in Nigeria

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Nigeria’s oil and gas industry is set to record another milestone as the Floating Production, Storage and Offloading (FPSO) vessel Egina was set to arrive in the African nation on Wednesday. The FPSO, with a capacity of 200,000 barrels per...
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ExxonMobil named 2017 Explorer of the Year; Guyana discoveries boosted performance

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ExxonMobil has been named 2017 Explorer of the Year by the World Oil and Gas Council in recognition of excellence and innovation in the global energy industry. “This award is recognition of ExxonMobil’s successful efforts to strengthen our portfolio by accessing and...
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‘Guyana will not make the same mistake as others’ assures Business Minister

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Guyana continues to press ahead with development of its emerging oil and gas industry and the country’s Business Minister is adamant that government is fully capable of effectively managing this new sector. “There is a lot of angst perhaps within...
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Siemens looking for investment opportunities in Guyana O&G sector

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Siemens – a global technology company providing oil and gas services – is looking to explore investment opportunities in Guyana’s emerging petroleum sector. The South American country’s Minister of Natural Resources, Raphael Trotman, made the disclosure at a media engagement on...
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$3.3B Egina FPSO to arrive Nigeria Tuesday

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(The Guardian) Nigeria’S oil and gas industry is set to record another milestone as the $3.3 billion Floating Production Storage Offloading (FPSO) vessel for the 200,000 barrels per day capacity Egina deep water oilfield will arrive Nigeria from South...
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Motivated by Exxon’s discoveries; Tullow Oil, Eco Atlantic eyeing Orinduik Phase Two

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Exploration partners Tullow Oil plc and Eco (Atlantic) Oil & Gas Ltd have decided to move the Orinduik project, offshore Guyana, into Phase Two of its license, committing to a new programme of seismic exploration to gather at least...
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Exxon hits hydrocarbons in Papua New Guinea

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ExxonMobil announced on Monday that it encountered hydrocarbons after drilling the onshore P’nyang South-2 well, located in the Western Province of Papua New Guinea. “We are currently evaluating the well results and together with our co-venture partners will assess the...
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MODEC’s Guyana contract drives 1,327% surge in orders for 2025

Japan-based floating production specialist MODEC Inc. has reported strong results for the first nine months of 2025, driven by...

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