According to figures provided by GlobalData, a data and analytics group, there was a significant quarter-on-quarter surge of 60% in disclosed contract values, amounting to nearly £41 billion, up from £25.5 billion in the previous quarter.

Within a span of two days, the company has clinched agreements with two major oil players, Eni and BP, collectively valued at approximately $700 million.

Prosafe, a prominent offshore accommodation provider, has unveiled the initiation of a recent contract by one of its semi-submersible vessels operating in the U.S. Gulf of Mexico for an undisclosed client.

While safe operations persist along the Clair Ridge gas pipeline, the protective concrete mattresses surrounding the subsea pipeline have incurred damage, with one of them torn into sections.

Diamond Drilling, a prominent offshore drilling company, has rebounded from Q1 losses to achieve a robust profit in the second quarter.

Norwegian oil and gas firm DNO has announced the adoption of a fast-track development approach for its 2016 Brasse offshore oil and gas discovery, located in license PL740 off the coast of Norway.

This strategic move reinforces the significance of the Tchatamba facilities as a central hub for Tullow's operations.

This discovery, named the Sunspear prospect, marks a significant achievement for Talos and comes as a result of their focused efforts in exploration and drilling activities.

Brazilian oil and gas player, Enauta, has successfully concluded the drilling and completion of another well in its drilling campaign at the Atlanta field offshore Brazil.

In a comprehensive evaluation of the Environmental Statement filed for Avalon, OPRED has requested further information on various aspects of the project.