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Recent exploratory success offshore Suriname, where four discoveries have been made in Block 28 in 2020, shows promise to become an oil production hot spot in the near to mid-term, according to GlobalData.

Vard Electro has been awarded a contract for an innovative hybrid battery power system with Atlantic Towing to be integrated on their vessel Atlantic Shrike. Atlantic Towing is the first company to implement this multiple mode application of battery technologies on a single vessel in the Canadian Offshore Oil and Gas Industry.

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