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.

The generated hydrogen will primarily be utilized by BASF to decarbonize its chemical production processes, with a portion allocated for transport applications in the Rhine-Neckar Metropolitan Region.

The contract, still contingent on a final investment decision from Shell, involves the design, procurement, fabrication, transportation, installation, and commissioning of a wellhead platform and offshore and onshore gas pipelines.

The FPSO, located in the Anasuria cluster, is overseen by the Anasuria Operating Company (AOC), a jointly-controlled entity by Ping Petroleum and Hibiscus Petroleum's Anasuria Hibiscus UK.

Operating under the joint venture Caspian Integrated Maritime Solutions (CIMS), the vessels represent a combined investment of $35 million and are tailored for the Caspian's shallow draft, meeting international oil companies' requirements.

This extension allows for a significant additional work scope as part of a strategic alliance over a five-year period, providing Dolphin Drilling with schedule flexibility during this period.

This declaration solidifies these nations' recognition of carbon capture, utilization, and storage (CCUS) as a crucial climate tool, marking a pivotal step towards establishing a unified European market for CCUS.