The move aligns with Brazil's strong steel-producing industry and presents an excellent opportunity for local industrial development.

The plan outlines the replacement of a failed flowline and the connection of two new wells to the Otway Gas Plant, along with the recovery of the failed flowline for proper disposal.

The awarded projects involve the procurement, fabrication, coating, and testing of subsea structures for various developments located in the Gulf of Mexico.

Construction of the center is scheduled to commence in late 2024 and conclude by early 2026, pending formal approval.

Spartan now holds approximately 137,000 gross acres, with 130,000 net acres, mostly in the volatile oil, condensate, and liquids-rich gas window of the Duvernay.

The deal includes the sale of Equinor Nigeria Energy Company (ENEC), which holds a 53.85% ownership stake in oil and gas lease OML 128.

The company received environmental clearance from the Department of Nature Protection of the State Government of Upper Austria, marking the completion of the permitting process.

The acquisition is expected to strengthen Ashtead's product and service offering in the oil and gas and offshore wind markets.

The awarded projects encompass various developments in the Gulf of Mexico, involving the procurement, fabrication, coating, and testing of subsea structures.

SEA-KIT International, a longstanding collaborator with Fugro, specializes in the development of uncrewed surface vessels (USV) for maritime operations and research aimed at reducing carbon emissions.