This investment adds to recent projects such as the Kipper Compression and West Barracouta projects, which are important in optimizing the gas infrastructure in the region.

The agreement also marks a strategic step towards a more integrated and sustainable energy infrastructure.

Luda 5-2 North Phase II optimizes offshore production with advanced thermal recovery technology.

The company decided to sell its stake in the field after eight years of operation.

This acquisition follows Aramco’s previous retail acquisitions in Chile and Pakistan to expand its services portfolio.

Petrobras activates the Almirante Tamandaré FPSO in Búzios, taking oil production to new levels with 225,000 barrels/day.

The 10,910-meter Shenditake 1 well in Xinjiang marks a key breakthrough in CNPC’s deep oil and gas exploration.

Wood Group extends its EPC contract with Shell UK for $120 million, ensuring support for the company’s UK assets.

In addition to capturing the CO2 it emits, it uses the heat from the exhaust gases to generate electricity.

Explorations have identified other resources in the Cronos and Zeus deposits, with great production potential.