01 February 2024
01 February 2024
Container shipping company Hapag-Lloyd has reported falling transport volumes and operating losses due to Red Sea attacks.
The Japanese-Norwegian joint venture (JV) has also announced the acquisition of its first producing assets in the area.
The Al-Shaheen field, located 80km offshore Qatar, is said to be one of the world's largest in terms of oil reserves.
Once operational, the Viking carbon capture and storage (CCS) initiative is projected to be one of the largest CCS endeavours globally.
SapuraOMV has shallow-water production and development assets offshore Malaysia, with additional exploration interests across Mexico, Australia and New Zealand.
Shell, Equinor, bp, Total and NEO are among the 17 companies that have been offered licences.
Threat of Houthi attacks is causing exports to Asia to be rerouted via the southern tip of Africa.
The company, which has a spare capacity of three million barrels per day, can reportedly increase output if required by the market.
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