The focal points of this legal action are Equinor's Breidablikk and Aker BP's Yggdrasil and Tyrving fields, boasting a combined reserve of approximately 875 million barrels of oil equivalent.

This decision follows legal proceedings initiated by a traditional landowner seeking to halt the pipeline works until a thorough assessment of its impact and risks to underwater cultural heritage is conducted.

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.

A leaked document revealed the re-inclusion of the controversial pipeline, sparking renewed criticisms and debates around the project's legitimacy and ethical considerations.

The complaint lodged against the energy giant accuses it of failing to ensure the safety of subcontractors during the crisis.

The legal dispute arose when Gulf Island Shipyards sued Hornbeck Offshore in 2018, alleging wrongful termination of two shipyard construction contracts related to the final two vessels in Hornbeck's fifth offshore support vessel (OSV) newbuild program.

An arbitration tribunal has ruled in favor of South Korean company Hanwha Ocean in a drillship order cancellation case involving Northern Drilling, an offshore drilling contractor owned by billionaire John Fredriksen.

This change came after the resignation of Bernard Looney from the CEO position.

This marks the second time in two years that BP has conducted such an investigation.

This settlement also involves five former and current officers and employees.