29 July 2024
29 July 2024
The Freeport LNG facility began shutting down as the severe weather approached and has been gradually opening up over the past few weeks.
Egypt’s Ministry of Petroleum and Mineral Resources has signed investment deals with Shell Egypt, Petronus Gas and Cheiron Energy totalling $340m (E£16.44bn).
The 2015 Paris Agreement was meant to lead to most countries in the world taking appropriate steps to cut carbon emissions and help prevent global warming.
The liquefied natural gas (LNG) import terminal will be based in the Firth of Forth off Scotland’s east coast.
The company acquired the share in the offshore field near Rio de Janeiro for $3.07bn (22.28bn yuan) in 2011.
The Financial Times, citing a source close to the deal, reported its value as being approximately £700m ($897.56m).
This move could position Petrobras as the operator of the Mopane oil and gas field, which boasts an estimated ten billion barrels of oil equivalent (bboe).
Vital Energy will take ownership of 80% of Point's assets while NOG will acquire the remaining 20%.
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