Jadestone Energy has acquired a non-operated 16.67% working interest in the Cossack, Wanaea, Lambert, and Hermes (CWLH) oil fields development, offshore Western Australia, from Japan Australia LNG (MIMI) Pty Ltd. ADNOC and bp have agreed to form a new joint venture (JV) focused on natural gas in Egypt. The Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB) has confirmed that bp's exploration licences EL 1168 and EL 1148 in the Orphan Basin offshore eastern Newfoundland have expired as of mid-January 2024. Offshore drilling contractor Odfjell Drilling recorded an increase in its revenues both on a quarterly and yearly basis.