financetom
Business
financetom
/
Business
/
Gas line connection to Exxon's FPSOs in Guyana completed, executive said
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Gas line connection to Exxon's FPSOs in Guyana completed, executive said
Oct 10, 2024 10:21 PM

Oct 9 (Reuters) - A pipeline that will allow Guyana to

bring natural gas produced by a consortium led by Exxon Mobil ( XOM )

to shore has been successfully connected to two of the

project's floating production platforms, said on Wednesday

Exxon's head for Guyana, according to local media reports.

The "Gas-to-Energy" project by Guyana's government aims to

feed a 300-megawatts power plant and a natural gas liquids (NGL)

facility with gas produced at two Floating Production Storage

and Offloading (FPSO) facilities that are part of Exxon's

Stabroek block, the first development to take advantage of

associated gas produced in the country.

The Exxon consortium, also integrated by China's CNOOC

and U.S. Hess, temporarily halted crude and

gas output at the platforms in the third quarter to allow the

pipeline connection.

"Risers have now been successfully connected to the

pipeline, and we have been conducting several tests and

de-watering exercises to ensure everything is functioning

correctly," said Alistar Routledge, Exxon Guyana's head,

according to a report published by Newsroom Guyana.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Eaton sees 2025 profit above estimates on AI-led data center demand
Eaton sees 2025 profit above estimates on AI-led data center demand
Jan 31, 2025
Jan 31 (Reuters) - Eaton Corporation ( ETN ) on Friday forecast 2025 adjusted profit above Wall Street estimates, expecting demand for electrical equipment to remain strong due to an artificial intelligence-related data center boom. Global appetite for data centers has increased as companies race to develop and adopt artificial intelligence, benefiting electrical equipment makers like Eaton. Shares of the...
Data group Kpler's minority owners consider stake sale, sources say
Data group Kpler's minority owners consider stake sale, sources say
Jan 31, 2025
LONDON, Jan 31 (Reuters) - Five Arrows and Insight Partners are considering selling their minority stake in Belgium's Kpler, three people familiar with the matter said, as specialised data providers see a wave of deals. The two private equity firms invested more than $200 million for a holding in Brussels-based Kpler in April 2022. The rest is held by co-founders...
Bitfarms Hires Strategic Partners to Develop HPC/AI Business
Bitfarms Hires Strategic Partners to Develop HPC/AI Business
Jan 31, 2025
07:23 AM EST, 01/31/2025 (MT Newswires) -- Bitfarms ( BITF ) , a Bitcoin and data center company, on Friday said it hired Appleby Strategy Group (ASG) and World Wide Technology (WWT) to conduct a comprehensive feasibility analysis on all its North American sites and advise on its global HPC and artificial intelligence strategy. ASG and WWT will help build...
Power Nickel Expects Assets Spinout to Take Effect Feb. 3
Power Nickel Expects Assets Spinout to Take Effect Feb. 3
Jan 31, 2025
07:18 AM EST, 01/31/2025 (MT Newswires) -- Power Nickel ( PNPNF ) said Friday that the spinout of its Golden Ivan property and certain Chilean assets to Chilean Metals is expected to become effective Feb. 3. Under the terms, Power Nickel ( PNPNF ) shareholders will receive one new share of Power Nickel ( PNPNF ) and 0.05 of one...
Copyright 2023-2026 - www.financetom.com All Rights Reserved