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0 0.000264953301980473 0.00112605153341734 0.000861098231436679 0.000861098231436679 -0.00112605153341715 -0.0024508180433199 -0.00238457971782464
Stock impact report

Guyana Fast-Tracks Gas Expansion As Oil Cash Piles Up [zero hedge]

Exxon Mobil Corporation (XOM) 
Last exxon mobil corporation earnings: 5/1 07:34 am Check Earnings Report
US:NYSE Investor Relations: ir.exxonmobil.com
Company Research Source: zero hedge
Guyana Fast-Tracks Gas Expansion As Oil Cash Piles Up Authored by Julianne Geiger via OilPrice.com, Guyana’s sights are set much higher than just being the new oil darling of the Western hemisphere. It wants to be the gas darling too. That’s the frame coming out of Georgetown as Guyana lines up a second gas pipeline project, even before the first one is fully online. President Irfaan Ali said a new gas development at Berbice will be finalized very soon, aimed at bringing more associated gas from ExxonMobil’s offshore fields to shore. The first gas-to-shore pipeline is expected to start up later this year, supplying roughly 300 megawatts to a new power plant near the capital. For a country long plagued by high power costs and periodic blackouts, this goes well beyond being a side project. Guyana’s oil boom has been nothing short of staggering. Since Exxon’s 2015 discovery, output has surged and the country has become one of the fastest-growing producers in the world. But crude exports Show less Read more
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