Shares in engineering and construction firm Valmec surged on news it was awarded a $ 5.3 million contract to provide services to the Origin Energy - operated
Talinga Gas processing facility in Queensland.
The plaintiff, Sable Offshore Energy Inc. («SOE»), undertook a project involving the construction of multiple offshore structures and
onshore gas processing facilities.
An advertisement announcing the assets are for sale shows bids for the properties — which include 228,000 acres of land, eight producing wells and
a gas processing facility — by the end of May.
Member of Parliament's Energy Committee, William Owureku Aidoo, told Joy News, managers of
the gas processing facility have informed the Chief of Staff about the possible shutdown of the plant but action is yet to be taken.
Oil companies are paying industrial plants and natural
gas processing facilities to bottle their waste CO2, and are then pumping it underground.
Capture is from a natural
gas processing facility.