The North Sea's decommissioning sector saw a substantial expenditure of £1.6 billion in 2022, marking the highest yearly spending over the last five years.

The purchase price for the stake is $500 million, subject to adjustments, with reimbursement for Scarborough project expenses from January 1, 2022.

The FPSO Maria Quitéria will be stationed at the Parque das Baleias integrated project, situated in the Petrobras-operated Jubarte field within the northern Campos Basin.

This innovative initiative involves converting decommissioned gas pipelines into conduits for transporting hydrogen gas.

This decline was driven by low European benchmark natural gas prices, which have discouraged traders from shipping many cargoes to the continent.

The acquisition adds significant value to Eitzen's ambition of becoming a leading owner and operator of liquefied gas carriers, particularly in the coaster gas market.

The research indicates that domestically produced gas is nearly four times cleaner than imported gas in LNG form.

OMV, the energy company, has confirmed the successful discovery of natural gas at the Wittau Tief-2a exploration well in Lower Austria.

With the arrival of the last module by ship from Zhuhai, China, Fluor marked the conclusion of a critical phase in constructing a large terminal for liquefying, storing, and loading liquefied natural gas for export to global markets.

The acquisition includes operatorship of three blocks: Ganal PSC, Parak PSC, and Makassar Straits PSC.