The FPSO, located in the Anasuria cluster, is overseen by the Anasuria Operating Company (AOC), a jointly-controlled entity by Ping Petroleum and Hibiscus Petroleum's Anasuria Hibiscus UK.

Operating under the joint venture Caspian Integrated Maritime Solutions (CIMS), the vessels represent a combined investment of $35 million and are tailored for the Caspian's shallow draft, meeting international oil companies' requirements.

This extension allows for a significant additional work scope as part of a strategic alliance over a five-year period, providing Dolphin Drilling with schedule flexibility during this period.

This declaration solidifies these nations' recognition of carbon capture, utilization, and storage (CCUS) as a crucial climate tool, marking a pivotal step towards establishing a unified European market for CCUS.

The focal points of this legal action are Equinor's Breidablikk and Aker BP's Yggdrasil and Tyrving fields, boasting a combined reserve of approximately 875 million barrels of oil equivalent.

The European Commission has earmarked £3.22 billion in funding through its Innovation Fund for projects aimed at reducing greenhouse gas emissions and expanding clean power component production.

The agreement encompasses well-testing operations for Equinor across the Barents, Norwegian, and North Sea regions.

The company will apply its expertise in offshore platform structural analysis, brownfield engineering, and asset life extension to assess the viability of the structure and guide necessary modifications.

While BP aimed to export the gas, the Senegalese government insisted on utilizing it domestically to fuel power plants.

Initially reported as targeted and boarded, the tanker's 22 crew members are confirmed to be safe and unharmed.