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Exxon Ex-Exec's New Firm To Partner On Guyana's Next Gas Project: Report

Guyana’s Ministry of Natural Resources announced that a newly established company, Fulcrum LNG, headed by a former Exxon Mobil Corporation (NYSE:XOM) executive, has been reportedly selected to collaborate with the Guyana government and Exxon on creating a new independent natural gas development in the country. The government announced in a statement that Fulcrum LNG provided “the most comprehensive and technically sound proposal” among 17 bidders, reported Reuters. Jesus Bronchalo, who spent 20 years at Exxon, most recently as a vice president in Guyana, founded Fulcrum LNG in July last year in Nevada. As per the ...