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XOM - Oil Search expects two-year delay in Papua New Guinea LNG expansion
Exxon Mobil Corporation
"The world is a very different place today than it was six months ago," Oil Search (OTCPK:OISHY-2.8%) CEO Keiran Wulff says as the company anticipates a two-year delay in the $20B expansion of liquefied natural gas in Papua New Guinea and a slower development of the Pikka oil project in Alaska as it reworks growth projects amid weaker conditions caused by COVID-19.
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