The collaboration stems from a shared understanding that the search for new natural gas supply sources in the European region is of paramount importance.

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 involves Pertamina Hulu Energi acquiring a 20% stake, and Petronas Masela buying a 15% interest in the Masela PSC, which includes the Abadi gas project.

This intensive domestic exploration drilling campaign, which commenced in late 2022, led to six hydrocarbon discoveries in various wells across different blocks.

In a critical operation to prevent an environmental catastrophe, the transfer of oil from the deteriorating FSO Safer to the Nautica VLCC has commenced.

Kistos holds a 60% operated working interest in the license, while its partner EBN holds the remaining 40% interest.

Transocean has successfully secured a series of new contracts and extensions across various locations, including Mexico, Australia, Norway, Lebanon, and the East Mediterranean Sea, for six rigs in its fleet.

Twenty activists from the climate action group "This Is Rigged" were arrested and charged by Police Scotland following protests at the Grangemouth petrochemical plant and the Rothesay Dock oil terminal.

To spearhead this venture, they have appointed Massimo Delia as General Manager of the newly-created Well-Safe Solutions Pty Ltd in Perth, Western Australia.

The current production is approximately 6,000 barrels per day, in line with expectations.