The auction was held as the result of a US district court order issued in June that overruled the Biden administration's attempt to suspend lease sales.
The fresh investment will result in the manufacture of new drilling-related equipment to assist the national oil company in boosting production capacity.
Collaboration seems to be the name of the game as a slew of companies get together to drive the energy transition. These companies are focusing on alternative sources of methane, new ways of making hydrogen, and new ways of keeping track of it all.

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