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

Oil & Gas 360ยบ

Last month, Alistair Routledge, president and general manager at ExxonMobil Guyana, said that the supermajor plans to boost gas production in Guyana and could consider exports at a later stage. Exxon plans a final investment decision for Longtail in 2026 and could start up the project by 2029. By Charles Kennedy for Oilprice.com

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How Energy Flexibility Benefits Utilities and Their Customers

True Energy

However, full integration may take years, with some utilities not expecting compliance until 2029. With intermittent renewable energy sources like wind and solar accounting for more than 50% of new capacity additions, managing energy variability without relying on backup generators is critical.

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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. Elliott Managements rumored stake in the company has fueled speculation.

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