The Absheron gas field, part of a collaboration with partners, commenced production in early July 2023, marking a significant milestone.

In an announcement made on September 1, Hibiscus Petroleum's local unit, Anasuria Hibiscus UK, and Ping Petroleum UK independently entered into similar farm-in agreements with Rapid Oil for Licence P2451.

Alve Nord, Idun Nord, and Orn fields collectively represent the largest development undertaken in the Norwegian Sea in recent years, positioning Aker BP to extend production in the Skarv field.

This achievement follows less than two years since the discovery in September 2021 and less than a year and a half after the final investment decision.

Challenger Energy, a prominent AIM-listed entity, has unveiled a comprehensive corporate update, spotlighting a series of key developments that underline the company's strategic expansion and financial fortification.

These acquisitions were accompanied by the purchase of the FPSO Cidade de Vitoria, operating on the Golfinho field, from Saipem.

The financing involves a consortium of seven international banks.

The drilling activities are scheduled to be conducted using one of the semi-submersible rigs managed by Odfjell Drilling.

This achievement follows BP's recent update regarding its progress towards first oil from the Azeri Central East (ACE) project, which involves the sailaway and installation of the ACE platform's topsides unit.

A consortium led by Equinor ASA has received approval from authorities to implement new facilities linked to the gas lift phase of the Statfjord Ost field in the North Sea