20 April 2024
ExxonMobil decides not to move forward with Nova Scotia gas project
Publication date: 09 July 2010
Gas Strategies Group
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ExxonMobil announced it will not extend the life of its Canadian Sable Offshore Energy gas project, based on “project economics” due to lower US gas price levels. The oil and gas major decided not to move ahead with the project following evaluation of untapped reserves in the Nova Scotia Sable Basin.