The legislation aims to enhance the UK economy, energy security, and facilitate the transition to a net-zero carbon footprint.

The acquisition, part of Dolphin Drilling's fleet expansion strategy, includes two semi-submersible rigs, namely Paul B. Loyd Jr. and Transocean Leader, purchased from Transocean for a total of $64.5 million.

The claim, brought before London's High Court, represents one of the largest legal threats in Greenpeace's more than 50-year history, according to the organization.

The decision follows the suspension of all platform drilling activities in the region earlier in the year due to the challenging UK fiscal regime and an unstable investment climate.

This groundbreaking design concept caters to the requirements of large FPSO newbuild hulls and boasts an array of cutting-edge features.

The expanded scope will encompass the decommissioning of a well from the Appleton field, enhancing the backlog of the Well-Safe Defender with approximately one month of additional work.

The industry group’s call comes after a logjam of energy supply and carbon capture projects awaiting approval was exposed.

The NSTA representative noted in the letter that, since publishing the guidance, the NSTA has taken various steps to promote it and support industry compliance.

The policy's inclusion in the King's Speech signals a commitment to bolstering the sector and ensuring its sustained growth in the coming years.

This surge in demand has created a potential threat to the metal supply for crucial sectors which rely on nickel for various equipment applications in demanding environments.