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Petrobras earnings take a hit

OilNOW -
(Upstream) Braziian oil giant Petrobras registered a 42% drop in earnings in the first quarter, compared with the same period of 2018, but continued to make progress with debt de-leveraging. The state-controlled company posted net income of 4.03 billion reals...
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CGX begins survey ahead of Utakwaaka-1 drill campaign

OilNOW -
CGX Energy is moving to undertake a shallow hazard survey at the Utakwaaka-1 well site within the Corentyne Block, offshore the South American country of Guyana. The operation, set to begin on May 5 and conclude on May 31, will...
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Guyana EPA says all environmental requirements met for Liza Phase 2

OilNOW -
The Environmental Protection Agency (EPA) in Guyana says all requirements for which it has responsibility have been met by ExxonMobil Guyana for the 220,000 bpd Liza Phase 2 Development Project. Executive Director of the EPA, Dr. Vincent Adams, told OilNOW...
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U.S. SEC freezes assets over suspected insider trading in Anadarko

OilNOW -
(Reuters) - The U.S. Securities and Exchange Commission on Monday obtained an asset freeze in connection with suspected insider trading in Anadarko Petroleum Corp before the oil company agreed to be acquired by rival Chevron Corp. U.S. District Judge Gregory...
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CNOOC releases operations report; Guyana tops company’s discoveries

OilNOW -
CNOOC Limited (the “Company”, SEHK: 00883, NYSE: CEO, TSX: CNU) today announced its key operational statistics for the first quarter of 2019. The Company achieved a total net production of 120.1 million barrels of oil equivalent (“BOE”) for the first...
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Occidental makes ‘superior proposal’ for Anadarko’s acquisition

OilNOW -
Occidental Petroleum Corporation has made an offer to acquire American oil company Anadarko for $38 billion, bettering Chevron which offered $33 billion. Occidental said in a press release on April 24, 2019 that it delivered a letter to the Board...
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Halliburton records $5.7 billion revenue for Q1 2019

OilNOW -
Halliburton Company (NYSE:HAL) announced today net income of $152 million, or $0.17 per diluted share, for the first quarter of 2019. This compares to net income for the first quarter of 2018 of $46 million, or $0.05 per diluted...
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Keppel nets S$203m in profit for 1Q 2019

OilNOW -
Keppel Corporation Limited (Keppel) reported a net profit of S$203 million for the first three months of 2019, 40% below that of S$337 million for 1Q 2018. In 1Q 2018, the Group benefitted from a S$289 million gain arising...
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Centralise resource-revenue management to boost economic growth and development

Bobby Gossai, Jr. -
One of the main risks of rising inequality in resource-rich countries; is the response on how to divide resource revenues between central and subnational governments. Indeed, there now appears to be a global trend toward the decentralization of petroleum...
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BP, partners sanction $6 billion Azeri project

OilNOW -
BP and partners have sanctioned the Azeri Central East (ACE) project, the next stage of development of the giant Azeri-Chirag-Deepwater Gunashli (ACG) oilfield complex in the Azerbaijan sector of the Caspian Sea. BP said on Friday the $6 billion development...
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TotalEnergies identifies additional wells to sustain GranMorgu plateau production

PARAMARIBO, SURINAME – TotalEnergies has identified additional wells that will be drilled to sustain plateau production at its landmark...

OilNOW is a Resource Center founded and owned by Guyanese. OilNOW is an apolitical, non-partisan, privately owned agency that strives to ensure the highest degree of accuracy and balance.

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