ExxonMobil (XOM) Advances $12.7B Whiptail Project Offshore Guyana

Exxon Mobil Corporation (XOM) , a U.S.-based energy giant, has announced its ambitious plans to proceed with a $12.7 billion deepwater oil project off the coast of Guyana. This significant move marks the company's sixth deepwater oil development on the Stabroek block, showcasing its commitment to tapping into the rich oil resources in the region. The project, named Whiptail, has received all necessary government and regulatory approvals, culminating in a final investment decision by ExxonMobil.ExxonMobil ex ...