Deal of the week: NNPC/UTM Offshore
NNPC will take a 20% stake in Nigeria’s first-ever floating liquified natural gas project, to be built by UTM Offshore.
28 July 2023
28 July 2023
NNPC will take a 20% stake in Nigeria’s first-ever floating liquified natural gas project, to be built by UTM Offshore.
The current process for generating 3D models is labour intensive, especially for precision modelling.
The company recorded $5.6bn in net income, a drop from the $6.5bn posted in the first quarter of this year.
Rivals of the UK oil giant have also seen profits fall this quarter.
The announcement comes as many in the UK still struggle to pay for rising energy bills.
The regulation will encourage the use of renewables and low-carbon fuels in the shipping industry.
The earlier claims amount was $1.41bn.
The transaction is expected to close before the end of August 2023.
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