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Exxon bets big on natural gas in its eighth Guyana oil project

Oil & Gas 360ยบ

(Oil Price) –ExxonMobils eighth oil project offshore Guyana will also be the biggest natural gas development of the Exxon-led consortium in the prolific Stabroek Block. The gas could also be used for power to support data centers. Exxon plans a final investment decision for Longtail in 2026 and could start up the project by 2029.

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Profits or Planet? BPโ€™s โ€˜New Beginningโ€™: The Shift from Low Carbon to Core Oil and Gas and Q4 2024 Results

Rextag

This comes amid reports that activist hedge fund Elliott Management has taken a stake in the British oil major, potentially pressuring the board and executives for higher shareholder returns. He prioritizes core oil and gas projects to unlock stronger cash flow and satisfy shareholders. billion Analyst Consensus : $1.26

Oil 40
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How Energy Flexibility Benefits Utilities and Their Customers

True Energy

For example, Pacific Gas and Electric Company (PG&E) implemented four rate increases for all customers in 2024 alone. However, full integration may take years, with some utilities not expecting compliance until 2029. California energy customers have seen electricity rates increase dramatically in recent years.