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Agreements reached on trans-Guinean infrastructure in milestone for Simandou iron ore project

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Rio Tinto and the Simfer joint venture (Simfer) reached an important milestone by concluding key agreements with the Republic of Guinea (West Africa) and Winning Consortium Simandou (WCS) on the trans-Guinean infrastructure for the world class Simandou iron ore project. Aerial view of Simandou project.

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ExxonMobil ships first LNG cargo from $19B PNG LNG project ahead of schedule; serving China and Japan

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Construction of PNG LNG in Papua New Guinea began in 2010, and took more than 190 million work hours to complete. The PNG LNG project is an integrated development that includes gas production and processing facilities in the Southern Highlands, Hela, Western, Gulf and Central provinces of Papua New Guinea.

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BMW Group Plant Landshut light metal foundry recertified by Aluminum Stewardship Initiative (ASI)

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Sustainable extraction of raw materials and conscious use of resources play a key role for our in-house component production and our global supplier network. The circular economy is also key to reducing emissions and conserving natural resources. The responsibility of the BMW Group extends beyond recycling to the aluminum used.

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ExxonMobil evaluating significant near-term capital and operating expense reductions; COVID-19

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Woods the had also outlined progress on key projects that support ExxonMobil’s growth plans, including: In Guyana, the estimated gross recoverable resource from the Stabroek Block increased to more than 8 billion oil-equivalent barrels, in part as a result of six additional discoveries made in 2019 and 2020.

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ExxonMobil adds 2.7B barrels oil equivalent to reserves; replaces 183% of 2017 production

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Offshore Guyana, ExxonMobil has discovered recoverable resources, including current proved reserves and additional resources, estimated to be 3.2 Resource Base. billion oil-equivalent barrels to its resource base in 2017 through by-the-bit exploration discoveries and strategic acquisitions. ExxonMobil added 9.8

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ExxonMobil seeking to boost growth, continue work on lower-emissions technologies including biofuels and carbon capture

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billion barrels of discovered recoverable resource. million net acres in one of the world’s most promising exploration plays and is finalizing development plans for the Carcara resource, which will begin production by 2024. Guyana’s first oil production is on track for early next year, five years after discovery.

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GECF: more than a quarter of 2050 natural gas supply untapped

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Yet-to-find (YTF) resources will contribute to around 30% of the total production of natural gas worldwide by 2050, according to Yury Sentyurin, the Secretary General of the Gas Exporting Countries Forum (GECF).