Aramco has purchased a 30% stake in the Gdańsk refinery and a 100% stake in the site’s associated wholesale business.
Deliberations are at an initial stage and Neptune Energy could consider alternative options such as an initial public offering.
Located in Block SK316 off Bintulu, the project is expected to reduce 3.3 metric tonnes of CO₂ emitted via flaring per year.
New INNIO JENBACHER approvals for Texaco HDAX 9300 Gas engine oil
The MoU will see the launch of a working group to undertake various projects.
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Water contamination from oil and gas drilling will cost the company $16.29m in damages.
The company is planning to float a minority stake in the consolidated company on the ADX in 2023.
The two exploration blocks include the Northwest Abu Qir Offshore Area and Bellatrix-Seti East.
The firm intends to invest in lower-carbon natural gas developments in West Africa and additional lucrative projects in the Americas.
The German Government hopes the LNG supply agreement will offset the country’s long-term energy worries.
Nature Energy Biogas will be acquired from a consortium of institutional investors.