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The P2 platform for the Johan Sverdrup Phase 2 development has been installed offshore using Allseas' massive Pioneering Spirit vessel.

'Oil and gas will be part of the mix for many years,' Labour leader Keir Starmer said.

Oil's rebound rally stalled in its third day as lagging fuel demand undercut a wave of algorithmic buying.

Eni resumed its oil and gas production growth trajectory in the fourth quarter but saw profit decline as selling prices declined for not only oil and gas but also renewables.

Oil and gas majors posted lower profits for the second quarter amid a fall in prices.

The company noted that it has initiated a search for a replacement.

WEC logged $1.3 billion in net income for 2023.

WEC's net income for the first quarter dipped year on year as electricity and natural gas sales fell.

The assets encompass 1,200 acres.

Well-Safe Solutions have been contracted to support the decommissioning of two suspended wells in the Kate field.