The deal involves Pertamina Hulu Energi acquiring a 20% stake, and Petronas Masela buying a 15% interest in the Masela PSC, which includes the Abadi gas project.

This intensive domestic exploration drilling campaign, which commenced in late 2022, led to six hydrocarbon discoveries in various wells across different blocks.

In a critical operation to prevent an environmental catastrophe, the transfer of oil from the deteriorating FSO Safer to the Nautica VLCC has commenced.

Twenty activists from the climate action group "This Is Rigged" were arrested and charged by Police Scotland following protests at the Grangemouth petrochemical plant and the Rothesay Dock oil terminal.

To spearhead this venture, they have appointed Massimo Delia as General Manager of the newly-created Well-Safe Solutions Pty Ltd in Perth, Western Australia.

The current production is approximately 6,000 barrels per day, in line with expectations.

Offshore accommodation provider, Prosafe, has revealed an updated timeline for the start of its semi-submersible vessel, Safe Concordia's, upcoming assignment in the U.S. Gulf of Mexico.

Wellesley Petroleum AS, the operator of production licence 1148, has successfully completed the drilling of wildcat wells 35/10-10 S and 35/10-10 A, located approximately 25 km northwest of the Troll field and 150 km northwest of Bergen in the North Sea.

Earlier this year, Valaris secured a one-well contract with Petrofac for the Valaris 121 heavy-duty harsh environment jack-up rig in the UK North Sea.

This contract is expected to drive an increase in the company's workforce.