The exploration prospect, named Amethyst, is situated in production license 1138, awarded on March 11, 2022, and valid until March 11, 2028.

The company received environmental clearance from the Department of Nature Protection of the State Government of Upper Austria, marking the completion of the permitting process.

The approval is for drilling two observation wells at the Statfjord satellites area, specifically related to the Statfjord North field.

The 33rd Oil and Gas Licensing Round, initiated in October 2022, provided 931 blocks and part-blocks for application.

An arbitration tribunal has ruled in favor of South Korean company Hanwha Ocean in a drillship order cancellation case involving Northern Drilling, an offshore drilling contractor owned by billionaire John Fredriksen.

Rathlin Energy has been operating its exploratory oil and gas drilling site at West Newton A in East Riding of Yorkshire since 2013 under the conditions of an environmental permit.

Third Energy's Kirby Misperton KM8 well site is poised to transition into an operational geothermal energy test site under the leadership of innovative firm CeraPhi Energy.

The decision comes despite calls from environmental campaigners and the United Nations to halt the development of new fossil fuel projects.

Saudi Arabia and Kuwait have asserted their rights over a disputed gas field in the Gulf, challenging Iran's claims.

Norway’s state-owned energy giant Equinor has secured a permit from the country’s authorities to drill two wells in the North Sea off Norway, using one of Transocean’s semi-submersible rigs.