This departure comes just weeks after the resignation of BP's global CEO, Bernard Looney.

This project, known as Yggdrasil, aims to provide a stable and environmentally friendly power supply with low emissions.

While the development of recent offshore gas discoveries at Gorgon, Uchuva, and Orca has been identified as crucial, several uncertainties and hurdles need to be addressed, according to energy industry intelligence group Wood Mackenzie.

Under this fleet-wide contract, both new build and existing offshore support vessels in the RVOS fleet will be equipped with Praxis dynamic positioning systems, along with customized equipment and software for fleet digitization, implemented in phases as agreed with RVOS.

While the NPD did not disclose the names of the companies involved, their applications represent a step toward advancing carbon capture and storage solutions to combat climate change and reduce greenhouse gas emissions in Norway and the wider global context.

Under a significant contract, TechnipFMC will supply flexible pipes for pre-salt fields offshore Brazil. This includes the design, engineering, and manufacture of 14 kilometers of gas injection riser pipes and the provision of associated services, such as packing and storage.

The scope of work includes plugging, drilling, and completion of well 15/8-G-1 AH.

 Equinor and Ithaca Energy's decision to proceed with the Rosebank deepwater oilfield project in the West of Shetland basin could pave the way for the approval of more fields, according to a report by Wood Mackenzie.

Africa Oil, one of TotalEnergies' partners in Namibia, has announced that the companies are currently interpreting the flow test results and integrating them into development studies.

Talos Energy, a U.S.-based oil and gas company, has completed the sale of its 49.9% interest in Talos Mexico to Zamajal, a subsidiary of Grupo Carso, a company controlled by Mexican billionaire Carlos Slim's family.