22 November 2024
22 November 2024
The November 2024 negotiations in Baku are primarily focused on climate finance for developing nations.
This move is dependent on the company's predicted return to profitability next year.
The claims involve eight companies, including some oil majors, and stem from Venture Global's first liquefied natural gas (LNG) plant in Louisiana, Calcasieu Pass.
The announcement follows its merger with Italian energy company Eni's UK assets and a $2.25bn refinancing.
The agreement builds on their existing joint venture in Kazakhstan.
The initiative is part of a broader strategy by energy majors to diversify Europe's gas supply sources.
The unstimulated perforated interval showed productivity of 240–290 barrels per day (bpd) of fluids.
This situation highlights the challenges facing China's refining sector as it grapples with declining fuel demand and increased regulatory scrutiny.
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