13 January 2025
13 January 2025
The new US sanctions targeting Russian oil revenues affect global supply chains and prices.
The settlement is far below the $214m initially sought by the Federal Energy Regulatory Commission (FERC) from TotalEnergies' TGPNA unit and traders.
The plan includes an unmanned wellhead, central processing platform, floating storage and offloading (FSO) unit with living quarters and control room.
Vedanta Group will perform drilling at the site solely for hydrocarbon reserves identification.
NSTA sanctions for flaring or venting consent breaches have reached £825,000 ($1m) since late 2022.
Southern states face gas shortfalls, relying on Queensland supply and potential imports to meet future demand.
The facility can process 50 million cubic feet per day (mcf/d) of associated gas from the Ratawi field and aid in reducing gas flaring.
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