The decision, prompted by a legal challenge from Simon Munkara, a traditional landowner from the Tiwi Islands, followed concerns over the potential impact on underwater cultural heritage sites.

While the development of recent offshore gas discoveries at Gorgon, Uchuva, and Orca has been identified as crucial, several uncertainties and hurdles need to be addressed, according to energy industry intelligence group Wood Mackenzie.

Currently, MidOcean is in the process of acquiring interests in four Australian LNG projects as part of its strategy to create a diversified global LNG business.

The initial phase involves conducting a geophysical site survey using a dedicated vessel in the Southern North Sea area.

According to figures provided by GlobalData, a data and analytics group, there was a significant quarter-on-quarter surge of 60% in disclosed contract values, amounting to nearly £41 billion, up from £25.5 billion in the previous quarter.

Dutch bunker supplier Titan has successfully completed the conversion of its recently acquired vessels, Titan Unikum and Titan Vision, into cutting-edge LNG bunkering vessels.

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.

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

Preliminary analysis of the gas measurements in the mud logging results indicates over 40 meters of potential natural gas pay within six separate sands in the Akçakoca Member of the SASB production zone.