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

Orcadian Energy has entered into a provisional agreement with an operator for a potential farm-in to its £1 billion Pilot project located in the North Sea.

These contracts involve survey and inspection work and will employ at least three vessels to conduct inspections of flexible pipelines, risers, and subsea equipment in the Campos Basin, Santos Basin, and Espírito Santos Basin.

Fourteen companies have been awarded 21 licenses, covering approximately 12,000 square kilometers of depleted oil and gas reservoirs and saline aquifers.

The Eirin field, discovered in 1978, holds an estimated 27.6 million barrels of recoverable oil equivalent, primarily gas.

As part of the transaction, BW Offshore has entered into a bareboat charter with STAC to ensure uninterrupted operations for the client during a transition period of up to two months.

Shell anticipates that Jackdaw, located about 155 miles east of Aberdeen, will begin production around the middle of this decade.

This collaboration aims to potentially reduce CO2 emissions from FPSOs by as much as 70%.

Abu Dhabi-based Ocean Oilfield Integrated Solutions has embarked on a significant maintenance and upgrade project for a jack-up barge, a contract awarded by Gulf Marine Services.

The project aims to demonstrate the potential of on-demand cargo drone services in addressing logistical challenges, improving safety, and enhancing sustainability in offshore operations.