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Transocean leads in industry consolidation

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Transocean has become the market leader for consolidation in the offshore drilling industry with the announcement of its acquisition of Ocean Rig, according to Rystad Energy Senior Offshore Rig Analyst Liz Tysall. This acquisition adds nine high-spec ultra-deepwater drill-ships,...
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Anadarko halts GoM operations ahead of ‘Gordon’

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US oil company Anadarko said on Monday that it has evacuated workers and shut down production on two oil platforms in the northern Gulf of Mexico following hurricane warnings, as tropical storm ‘Gordon’ approaches. The company, which has an exploration...
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SBM Offshore shares surge after company settles Brazilian suits

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(Reuters) Shares in SBM Offshore surged on Monday on news the Dutch marine oil platform constructor had settled its remaining suit with Brazilian federal prosecutors, clearing the way for it to resume doing business in one of its most...
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BP, Shell and Total confirmed for Brazil’s 5th bid round

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BP, Shell and Total have been given the green light to bid in Brazil’s 5th production sharing round set to take place on September 28. The South American country’s oil regulator ANP said on Wednesday, August 29, that in all,...
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Refinery closure could trigger ripple effect on Trinidad economy – Ramnarine

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Former Minister of Energy and Energy Affairs of Trinidad and Tobago Kevin Ramnarine says the communities in direct proximity to Petrotrin’s Pointe-a-Pierre refinery stand to lose the most with the shutting down of the facility which will have a...
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Amendments to Companies Act needed to ensure those benefiting from O&G are ‘local’ – GCCI President

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Amendments may have to be made to sections of Guyana’s Companies Act to ensure that businesses registered to operate in the South American country have put adequate measures in place to be considered ‘local’, and in so doing, benefit...
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TechnipFMC records highest order intake since merger

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TechnipFMC, the subsea contractor for the Liza Phase 1 development project in Guyana, recorded its third consecutive quarter of order growth in Q2 2018 as well as the highest order intake to date since the merger that saw FMC...
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Incompetence, greed and fear main reasons petro-countries do badly – Anthony Paul

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High levels of incompetence, greed, and the fear of making tough decisions are the primary reasons countries rich in petroleum resources do badly. So says Managing Director, Principal Consultant of Association of Caribbean Energy Specialists Ltd. (ACES), Anthony Paul. Paul,...
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SBM Offshore says Liza 2 floater would be its largest capacity FPSO ever to be built

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Dutch floater specialist SBM Offshore is awaiting the Liza 2 development sanction in Guyana so it can deliver its largest ever capacity FPSO for the ExxonMobil-operated project. The Company was awarded the Front End Engineering and Design (FEED) study for...
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Department of Energy Head to decide if Mangal’s services needed – State Minister

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The decision to engage Former Petroleum Advisor to President David Granger, Dr Jan Mangal will now rest on the shoulders of the newly appointed Head of the Department of Energy, Dr Mark Bynoe. This is according to Minister of State, Joseph...
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Saipem targets local content growth in logistics, fabrication for Suriname oil project

PARAMARIBO, SURINAME – Saipem is setting the stage for major local content contributions in Suriname through its work on...

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