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The announcement follows the recent US seizure of an oil tanker off Venezuela’s coast.
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The regulation, due to be formally adopted in early 2026, will impose diversification plans, contract limits and penalties to lock in Europe’s shift away from Russian gas.
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DeepOcean will carry out subsea IMR work across all Vår Energi-operated assets on the NCS.
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The company has agreed to sell its 42.86% operated stake in the Mahalo JV to Comet Ridge.
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MOL will serve as operator with a 65% interest in the project, while SOCAR will hold the remaining 35%.
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Fugro will collect geo-data using its deep-water autonomous underwater vehicle and robotic seafloor drill deployed on support vessels.
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