Rigzone Industry News

Perenco UK completed the plugging and abandonment of three subsea wells in the Gawain field in the UK Southern North Sea.

The three-year contract is valued at over $200 million.

The company had previously forecast these assets to generate approximately 1,000 barrels of oil equivalent per day (boepd).

Petrobras recorded its second highest annual net income, raking in $24.9 billion for 2023, and plans to distribute 58.1 percent of that as dividends.

Manila is counting on Washington and its allies to play a crucial role in its plans to explore energy resources in the disputed South China Sea.

Petronas and ExxonMobil agreed to further explore a potential gas production area offshore Suriname where the leaseholders had declared a gas discovery, albeit a commercially unattractive one.

The deviated well 42/30-C06 as drilled and completed with the Valaris-247 rig in a water depth of 157.5 feet.

Malaysian and Japanese energy companies have signed an agreement to study and plan a carbon dioxide (CO2) storage site offshore Sarawak.

Perenco spudded an appraisal well in the vicinity of the Hylia South West discovery.

Equinor restored power supply at the Mongstad facility following a fire in an electrical kiosk.