12 December 2024
12 December 2024
OPEC highlighted that the revision mainly affects the third quarter (Q3), based on recent bearish data.
This development could help stabilise fuel prices across the region.
This development will see SLB overseeing the construction of more than 100 deep-water wells.
The termination of this contract significantly reduces the risk exposure of OMV Gas Marketing & Trading (OGMT).
This development comes after the company's acquisition of US shale producer Pioneer Natural Resources.
SapuraOMV holds critical assets in offshore Malaysia, including a 40% stake in Block SK408 and a 30% stake in Block SK310.
The operational lifespan of the field, situated approximately 100km north of the Snøhvit field, is projected 30 years.
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