The sale, valued at $1.28 billion, was previously declined by the regulator last year, but there's now renewed hope that it can proceed, a move considered vital for attracting much-needed investment into Nigeria's oil and gas sector.

The contract will be executed by Oceaneering's Brazilian subsidiary, Marine Production Systems, and focuses on operating three existing drill pipe riser systems.

DeepOcean has unveiled that this innovative USV solution could potentially reduce CO2 emissions by more than 90% in comparison to traditional vessels used for subsea IMR tasks.

The enhanced liquidity positions Jadestone favorably as it prepares for the commencement of its Akatara gas project.

This endeavor is part of Abu Dhabi National Oil Company's (ADNOC) aggressive decarbonization strategy.

The contract, valued at over $100 million, encompasses operations and maintenance services across various assets in the North Sea, including Arbroath, Auk, Bleo Holm, Claymore, Clyde, Fulmar, Montrose, Piper, Saltire, Tartan facilities, Flotta Oil Terminal, and Nigg Oil Terminal.

Under this contract, Bumi Armada will be responsible for supplying a floating production storage and offloading vessel and either a floating liquefied natural gas unit or a gas pipeline for potential development.

This alliance, initially established in 2015 and recently renewed for seven more years, has been instrumental in securing key projects, including subsea dual-bore trees in the West of Shetland at the Schiehallion and Loyal fields.

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

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.