While it generated a substantial profit of £1.2 billion in the first half of 2022, its pre-tax profit for the six months ending in June fell to £337 million.

This achievement follows BP's recent update regarding its progress towards first oil from the Azeri Central East (ACE) project, which involves the sailaway and installation of the ACE platform's topsides unit.

This move aligns with ADNOC Drilling's strategy to expand its fleet, aiming to meet production capacity targets set by ADNOC.

The collision occurred in the southbound convoy when the LNG carrier ran aground due to a technical failure, resulting in a sudden stop. This caused the tanker Burri, which was following behind, to run into the LNG carrier.

A consortium led by Equinor ASA has received approval from authorities to implement new facilities linked to the gas lift phase of the Statfjord Ost field in the North Sea

The process to appoint his successor is underway, and David Kemp will continue in his role until the new CFO is in place.

This innovation could lead to fuel and emissions savings of up to 30%.

The undertaking aims to power four major production hubs using electricity instead of conventional diesel or gas generators.

The company successfully drilled the GNN-11 exploration well in the pre-Miocene Nubia formation, revealing 165 feet of net pay.

EU Commissioner for Energy, Kadri Simson, emphasized that the bloc is "well-prepared" for the upcoming winter season.