Shell has made a final investment decision (FID) for a deepwater oil and gas project off the coast of Nigeria, which will be developed as a subsea tie-back to an existing floating production, storage, and offloading (FPSO) unit.
Finnish technology heavyweight Wärtsilä is set to divest its Automation, Navigation and Control System (ANCS) business to the Swedish investment company Solix Group AB. Pending formal approvals, the transaction is expected to be completed in the second quarter of 2025. ANCS—which was acquired by Wär
