06 August 2024
06 August 2024
The British company will add Hanover to its collection of European trading hubs with the acquisition.
The long-term contract stipulates that Galp will purchase approximately 500,000 tonnes per annum (tpa) of liquefied natural gas (LNG) on a free-on-board basis.
Baker Hughes reported that the total rig count fell by 11% compared with the same time last year.
New Mexico Gas Company serves more than 545,000 customers and manages around 19,000km of gas transmission and distribution pipelines.
The contract covers the construction of Train 4 and associated infrastructure at the Rio Grande LNG facility.
The company’s revenues rose marginally to $51.18bn from $48.89bn in the corresponding period of 2023.
This acquisition is expected to bolster Woodside’s position in the lower-carbon ammonia market, which is seeing increased demand.
This strategic move comes as the company seeks to expand its reserves amidst challenges in advancing exploration in Brazil.
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