14 August 2025
14 August 2025
This move is aimed at bolstering Ukraine's energy security, which has been severely impacted by targeted attacks from Russia throughout the year.
This move comes amid a complex auction process designed to settle debts owed by Venezuela and its state oil company PDVSA to 15 creditors.
The Tangguh UCC project, awarded by bp Indonesia, is now under way at Saipem’s Karimun fabrication yard.
The enterprise value of the transaction is £1.5bn ($2bn), with Centrica's equity investment amounting to approximately £200m for a 50% share.
The company's net profit fell to approximately $450m, down from the previous year's equivalent of $840m.
This deal follows eight months of complex negotiations, culminating in a binding term sheet signed in October last year.
US inflation could accelerate beyond current expectations as a result of Trump's tariffs and the high deportation targets for ICE.
This move comes amid a complex auction process designed to settle debts owed by Venezuela and its state oil company PDVSA to 15 creditors.
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