This development comes after the partners secured a license through the inaugural competitive carbon storage license round conducted by the North Sea Transition Authority.

Originally scheduled to begin on August 15, this decision follows the provisions of the Agreement on the framework for CO2 storage in Denmark established on June 21, 2022.

This legal dispute revolves around a resubmitted claim valued at around £1.4 billion, stemming from the nationalization of Venezuela's Cerro Negro and La Ceiba crude projects in 2007.

The move is set to ignite transformative growth for ASCO Group, allowing it to venture further into the burgeoning renewables and new energy markets.

Within a span of two days, the company has clinched agreements with two major oil players, Eni and BP, collectively valued at approximately $700 million.

Despite a first-half production of 140.1 kboe/d, the company's outlook for the second half remains positive.

In her most recent update to the register of members' financial interests, Villiers admitted her shareholding in the oil and gas giant.

Prosafe, a prominent offshore accommodation provider, has unveiled the initiation of a recent contract by one of its semi-submersible vessels operating in the U.S. Gulf of Mexico for an undisclosed client.

Dutch bunker supplier Titan has successfully completed the conversion of its recently acquired vessels, Titan Unikum and Titan Vision, into cutting-edge LNG bunkering vessels.

The Head of Decommissioning and Projects at Spirit Energy has raised concerns that the oil and gas industry's ambitions to decommission numerous obsolete wells in the North Sea might face obstacles due to a scarcity of available rigs.