The revised terms of the agreement involve Capricorn receiving $72.5 million over the next 13 months and acquiring Waldorf's 25% non-operated working interest in the Columbus gas field.

The acquisition, made for an undisclosed amount, underscores OEG's commitment to strengthening its presence and capabilities in the European offshore energy market.

The contract encompasses various critical components such as the installation of structures, flexibles, umbilical, seabed rectification, tie-ins, and commissioning.

This decision requires Woodside to obtain new approval for its environmental plan before conducting the seismic survey for the Scarborough project.

Norway's Prime Minister made the announcement during a joint town hall meeting of the PSA and the Norwegian Petroleum Directorate, which is also expected to undergo a name change at the start of next year.

The trade union Unite confirmed that around 80 contractors stationed on Ithaca Energy assets, including the FPF-1, Captain, Alba, and Alba North installations, have given an "emphatic" mandate for industrial action.

The EU Council has approved new regulations aimed at reducing carbon emissions in the maritime industry by encouraging the use of renewable and low-carbon fuels

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.

Petrofac has been awarded an integrated services contract by CNR International for a floating production, storage, and offloading vessel operating off the coast of Ivory Coast, West Africa.

Xodus has been awarded a contract to provide technical and project support services for the decommissioning of a floating production storage and offtake facility located in the Timor Sea.