This reversal comes amid ongoing pressure stemming from the recent OPEC+ decision and lingering uncertainties surrounding global fuel demand growth.

This incident, the second in recent months impacting Kuwaiti oil and gas facilities, occurred during scheduled periodic maintenance at the facility.

Additionally, Petrofac is considering allowing investors to take non-controlling stakes in other segments of its business.

This strategic move is part of Vopak's commitment to the joint development and operation of open-access LNG infrastructure in the Netherlands in collaboration with Gasunie, a prominent Dutch energy network operator.

As COP28 unfolds, a groundbreaking development has emerged with 50 global oil and gas companies signing the Oil and Gas Decarbonization Charter (OGDC), marking a historic commitment to accelerate climate action.

The move aligns with Brazil's strong steel-producing industry and presents an excellent opportunity for local industrial development.

The plan outlines the replacement of a failed flowline and the connection of two new wells to the Otway Gas Plant, along with the recovery of the failed flowline for proper disposal.

The awarded projects involve the procurement, fabrication, coating, and testing of subsea structures for various developments located in the Gulf of Mexico.

Construction of the center is scheduled to commence in late 2024 and conclude by early 2026, pending formal approval.

Spartan now holds approximately 137,000 gross acres, with 130,000 net acres, mostly in the volatile oil, condensate, and liquids-rich gas window of the Duvernay.