The awarded projects encompass various developments in the Gulf of Mexico, involving the procurement, fabrication, coating, and testing of subsea structures.

While BP aimed to export the gas, the Senegalese government insisted on utilizing it domestically to fuel power plants.

The MOUs, signed with the CEOs of each company, aim to explore potential joint business opportunities in various segments, including exploration and production, energy transition, refining, petrochemicals, renewable energy, hydrogen, fertilizers, ammonia, and carbon capture.

This strategic move by Equinor not only expands its presence in the North Sea region but also offers Nauticus the opportunity to qualify for future contracts with the energy giant.

Recent surveys conducted among the UK workforce have identified critical challenges including skill shortages, policy constraints, and concerns about sustainability as significant barriers to achieving the nation's net-zero goals.

The process to appoint his successor is underway, and David Kemp will continue in his role until the new CFO is in place.

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