This contract follows a period of repair for the rig after a mechanical failure in late 2022.

The company drilled the well using the Noble Innovator jackup rig and plans to use the OSV North Sea Atlantic for the installation of subsea infrastructure from September 24 for approximately two weeks.

Sunak framed these decisions as "sensible green leadership" aimed at easing the transition, but they have been widely criticized by businesses, investors, and environmental groups as a "historic mistake."

Malaysian oil and gas company Hibiscus Petroleum has partnered with Ithaca Energy and Caldera to develop the Marigold field, situated approximately 250 km northeast of Aberdeen in the central North Sea.

This plant serves the Ormen Lange field and is connected to the Polarled pipeline in the Norwegian Sea.

This change came after the resignation of Bernard Looney from the CEO position.

Orcadian Energy has entered into a provisional agreement with an operator for a potential farm-in to its £1 billion Pilot project located in the North Sea.

Fourteen companies have been awarded 21 licenses, covering approximately 12,000 square kilometers of depleted oil and gas reservoirs and saline aquifers.

The Eirin field, discovered in 1978, holds an estimated 27.6 million barrels of recoverable oil equivalent, primarily gas.

As part of the transaction, BW Offshore has entered into a bareboat charter with STAC to ensure uninterrupted operations for the client during a transition period of up to two months.