Diamond Drilling, a prominent offshore drilling company, has rebounded from Q1 losses to achieve a robust profit in the second quarter.

Norwegian oil and gas firm DNO has announced the adoption of a fast-track development approach for its 2016 Brasse offshore oil and gas discovery, located in license PL740 off the coast of Norway.

This strategic move reinforces the significance of the Tchatamba facilities as a central hub for Tullow's operations.

This discovery, named the Sunspear prospect, marks a significant achievement for Talos and comes as a result of their focused efforts in exploration and drilling activities.

The North Sea's decommissioning sector saw a substantial expenditure of £1.6 billion in 2022, marking the highest yearly spending over the last five years.

Brazilian oil and gas player, Enauta, has successfully concluded the drilling and completion of another well in its drilling campaign at the Atlanta field offshore Brazil.

In a comprehensive evaluation of the Environmental Statement filed for Avalon, OPRED has requested further information on various aspects of the project.

Zenith Energy was granted a three-month exclusivity period starting in January 2023 to finalize the terms of the PSC.

The purchase price for the stake is $500 million, subject to adjustments, with reimbursement for Scarborough project expenses from January 1, 2022.

Originally expected to be completed within 90 days, the deal was announced on January 17.