The initial phase involves conducting a geophysical site survey using a dedicated vessel in the Southern North Sea area.

National Gas is the operator of the entire gas transmission system in Great Britain and has engaged Wood to digitally upgrade essential infrastructure, including pipelines, compressor stations, and terminals, covering a total of 7,600km.

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.

The move is set to ignite transformative growth for ASCO Group, allowing it to venture further into the burgeoning renewables and new energy markets.

Dutch bunker supplier Titan has successfully completed the conversion of its recently acquired vessels, Titan Unikum and Titan Vision, into cutting-edge LNG bunkering vessels.

The North Sea's decommissioning sector saw a substantial expenditure of £1.6 billion in 2022, marking the highest yearly spending over the last five years.

The purchase price for the stake is $500 million, subject to adjustments, with reimbursement for Scarborough project expenses from January 1, 2022.

The FPSO Maria Quitéria will be stationed at the Parque das Baleias integrated project, situated in the Petrobras-operated Jubarte field within the northern Campos Basin.

OMV, the energy company, has confirmed the successful discovery of natural gas at the Wittau Tief-2a exploration well in Lower Austria.

The acquisition includes operatorship of three blocks: Ganal PSC, Parak PSC, and Makassar Straits PSC.