The 20% share is expected to fetch $1.5 billion.

This contract represents TechnipFMC's most substantial flexible pipe award in the Gulf of Mexico to date, further solidifying the strong and enduring partnership between the two entities built on years of successful project execution and delivery.

The upgrade includes cloud-based technology adhering to the highest IT security standards, fulfilling regulatory requirements for oil spill monitoring and detection regardless of weather conditions.

Shell Plc's CEO, Wael Sawan, is set to meet with company employees later this month to discuss his clean energy strategy, amidst internal concerns about the decision to allocate a larger share of investments to fossil fuels.

Sunak framed these decisions as "sensible green leadership" aimed at easing the transition, but they have been widely criticized by businesses, investors, and environmental groups as a "historic mistake."

The report stated that about 133,000 of these jobs were direct and indirect positions within oil and gas companies and the supply chain.

Direct emissions in 2022 were 3 percent lower than the previous year, resulting in a 23 percent reduction in greenhouse gas emissions from the extraction process since 2018.

The rig has several drilling assignments lined up in Australia, with the first being a two-well campaign in collaboration with Woodside.

This contract, awarded by WellSafe Guardian Limited on behalf of Repsol Sinopec Resources UK Limited, solidifies NHV's position as a reliable provider of safe and efficient air transportation solutions for critical offshore operations.

Wintershall Dea's Camelot license introduces a projected annual storage capacity of up to 6 million tonnes, poised to significantly contribute to CO2 abatement potential in the UK.