This development follows a fresh sales process initiated in May to identify a new buyer for Shell's stake after the supermajor announced its withdrawal from the project in December 2021.

In August 2023, the country fell short by over 560,000 barrels per day, producing approximately 1.18 million barrels per day compared to its OPEC allocation of 1.742 million barrels per day.

The move is in line with Adnoc L&S's growth strategy, enhancing its integrated logistics and shipping capabilities.

The summit, held in New Delhi, aimed to establish global consensus on decarbonization, sustainable development, and nature conservation ahead of the UN's climate summit in Dubai later this year.

The body of the other pilot on board had been found shortly after the crash.

The installation will be conducted using Saipem's construction vessels and is scheduled for 2024.

Valaris had announced two contracts in July 2023 for its Valaris DPS-5 semi-submersible rig in the U.S. Gulf of Mexico.

The report stated that about 133,000 of these jobs were direct and indirect positions within oil and gas companies and the supply chain.

This timeline represents a delay from the previously expected resumption in early September 2023.

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