05 September 2025
05 September 2025
Traditionally industrial feedstocks, both now have potential uses in clean power generation, shipping and long-distance hydrogen transport.
The energy giant is said to be gauging interest from potential buyers, with the stake potentially fetching more than $3bn (£2.23bn).
The project is expected to achieve peak production of approximately 11,200boepd in 2027.
The company is set to leverage the technology for its upcoming 26mtpa natural gas liquefaction and export facility.
The facility has arrived in Lake Maracaibo, a region rich in oil and gas resources.
The contract runs through July 2027, with four additional one-year extension options.
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