An $85 million dividend and a deal to sell a stake in aging North Sea oil wells for one dollar has landed Viaro Energy and its CEO, Francesco Mazzagatti, in a London lawsuit filed by Taqa.

The agreement with equity partner Neo Energy stipulates that production from the North Sea vessel will cease "on or around" March 31, 2024.

Named HAZOP AI, the tool is specifically designed for hazard and operability studies across major high-risk industries in the North Sea and beyond.

The deal, finalized for an undisclosed amount, marks Cyan Renewables' first vessel acquisition.

Wellesley Petroleum AS, the operator of production licence 1148, has successfully completed the drilling of wildcat wells 35/10-10 S and 35/10-10 A, located approximately 25 km northwest of the Troll field and 150 km northwest of Bergen in the North Sea.

This agreement allows the wind farm to engage in short-term hedging transactions based on Futures Contract prices.

LDC has made an investment in Boston Energy, a technical services provider for the wind energy industry. Boston Energy specializes in employing and training specialized technicians to support the construction and maintenance of onshore and offshore wind farms worldwide.

DNO Norge, Longboat Energy, and Petoro have joined forces to establish a new licence group focused on advancing two exploration prospects in the North Sea.

NEO Energy and Jersey Oil and Gas have chosen a Floating Production Storage and Offloading (FPSO) vessel for the Greater Buchan Area oil redevelopment project in the North Sea.

The National Subsea Centre and Robert Gordon University in the UK have joined forces on a data project aimed at integrating artificial intelligence technology into subsea inspection operations.