Exxon Mobil Corp (XOM.N) on Friday received approval to begin work on its fourth offshore oil project in Guyana from the South American country’s Environmental Protection Agency. The permit will allow Exxon to begin construction and operation of its Yellowtail project, the latest of up to 10 expected to be producing oil this decade. A final decision by Exxon on funding the project is pending. An Exxon spokesperson confirmed the approval. Since Exxon and partners Hess Corp (HES.N) and CNOOC Ltd started exploring off the coast of the Guyana in 2015, they have found more than 10 billion barrels of oil and gas. Yellowtail was the consortium’s 13th discovery in the Stabroek block, an area covering 6.6 million acres (26,800 square kilometers) and one of […]