WS #16678
ExxonMobil (XOM) has increased its ownership in the Rovuma LNG project in Mozambique to 50% and the Papua LNG project in Papua New Guinea to 34%, signaling continued confidence in long-term LNG demand. In other industrial news, Pampa Energía plans to supply gas-fired power to a new data center project near Vaca Muerta, while V2X secured a $104.6 million U.S. Army contract modification for communications systems in the Middle East. These developments reflect ongoing capital allocation towards energy infrastructure and defense support.
Energy and Industrial M&A
ExxonMobil (XOM) has increased its ownership in the Rovuma LNG project in Mozambique to 50% and the Papua LNG project in Papua New Guinea to 34%, signaling continued confidence in long-term LNG demand. In other industrial news, Pampa Energía plans to supply gas-fired power to a new data center project near Vaca Muerta, while V2X secured a $104.6 million U.S. Army contract modification for communications systems in the Middle East. These developments reflect ongoing capital allocation towards energy infrastructure and defense support.