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.

REN, the nation's energy manager, confirmed this exceptional feat on Monday, highlighting the significant progress made in Portugal's sustainable energy endeavors.

The collaboration represents a milestone in the country's commitment to reducing emissions and fostering a more environmentally friendly industrial landscape.

The successful drilling operation reached a total depth of 6002 meters, revealing promising results for the exploration efforts in the area.