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.

Through a newly established agreement with CapeOmega Carbon Storage, TotalEnergies is set to acquire CapeOmega's 40% participating interest in a CO2 storage exploration license situated offshore Norway.

The HSE warnings highlight concerns about the condition of a redundant crane on the platform, which has not been properly maintained and poses a potential risk to people and process equipment.

As a response to the challenging market conditions, Borr Drilling extended a short-term contract for its Prospector 1 rig in the North Sea, but Schorn referred to this as a "bridge" until more favorable long-term commitments can be secured in other regions.

The rig's departure follows a brief interlude between contracts, during which maintenance work was carried out.

SeekOps, a US-based sensor company, is set to present its innovative SeekIR solution, which employs technology derived from the Mars Curiosity Rover, to monitor methane emissions in the North Sea.

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

The owner and operator, Kishorn Port Limited, has commenced the first phase of the £2.4 million project after securing a £500,000 investment from Highlands and Islands Enterprise.

The contract, secured through Shelf Drilling's North Sea subsidiary, covers two wells and is expected to last between four and five months.

An $85 million dividend and a deal to sell a stake in aging North Sea oil wells for one dollar has landed Viaro Energy and its CEO, Francesco Mazzagatti, in a London lawsuit filed by Taqa.