AF Offshore Decom teams up with Sapura in APAC entry
Sapura Energy and Norway’s AF Offshore Decom have launched a new decommissioning venture, Kitar Solutions.
Malaysia
Boskalis tees up vessels to recover sunk Velesto oil rig
The Naga 7 rig capsized in 2021.
Total strikes for OMV’s Malaysian unit in $900mn move
“This agreement streamlines our Energy portfolio and is in line with the OMV Strategy 2030 of reducing oil and gas production over time,” said OMV CEO Alfred Stern.
Sapura Energy moves into court meeting over debt plans
The aim is to move the company into a more sustainable financial position and get it off the list of companies in financial distress, known as Practice Note 17.
PTTEP scores three Sarawak finds
“Malaysia holds a prominent position within our strategic investment areas and proves successful oil and gas discoveries in offshore areas continuously,” said PTTEP CEO Montri Rawanchaikul.
Masdar stacks up deals on 20 GW of clean energy
Masdar head Al Ramahi said the Kyrgyzstan agreement marked a “new chapter for Masdar in our clean energy journey … we are glad to have the opportunity to bring the energy, passion and focus to hydropower that we have utilised for so many other renewable energy sources”.
Jadestone rides East Belumut high with strong production
"The East Belumut drilling programme has proved to be very successful”, said Jadestone president and CEO Paul Blakeley.
Ping Petroleum signs up for late-life Malaysian work
Abu reached a peak of 15,000 barrels per day in 2008. The agreement should give Ping the ability to monetise the Abu Kecil and Abu SW Upthrown fields.
Petronas warns of headwinds in second half
“Petronas believes the right thing to do is to double-down on building resilience in order to deliver long-term sustainable value as a national oil company, and grow as a global energy player.”
Shell delivers first gas from renewables powered Timi platform offshore Malaysia
Oil giant Shell (LON: SHEL) has confirmed the start-up of gas production at its unmanned Timi installation offshore Malaysia.
First Solar discloses slavery issue at Malaysian plant
Foreign migrant workers had been “subjected to unethical recruitment including the payment of recruitment fees in their home countries, passport retention, and the unlawful retention of wages”.
Petronas stacks up Sarawak finds
The company attributed its successes to a intensive exploration drilling campaign that began in 2022.
Asia’s industry calls for renewables, despite challenges
“The issue these days with banking is not so much that there isn’t interest, but it’s more about how it’s structured. Smaller developers don’t know how to access these frameworks.”
Shell, PTTEP dial up Sarawak drilling with Noble rig
One of those wells has been transferred to PTTEP for the Rotan NFE appraisal well, offshore Sabah. The drillship should begin this well in December 2023, with work taking 21 days.
McDermott wins Shell pipelay work in Sarawak
McDermott will carry out project management and engineering in Malysia. The company’s DLV2000 heavy lift and pipelay vessel will carry out the offshore installation.
Sapura Energy heads off creditors for now, signs 10 contracts
Sapura Energy has also said its proposed restructuring would include a “white knight” investing 1.8 billion ringgits ($390mn) in the business.
Bumi Armada revenue falls, cuts leverage
At the end of the quarter, Bumi Armada’s order book was 11.1 billion ringgits ($2.39bn). It has options for another 9.3bn ($2.01bn).
Velesto wins Petronas work for three jack-ups
The deal is the most significant since Velesto struck a deal with Hess in November 2022.
EnQuest signs up to gas plan with Petronas
The company launched a well workover campaign on the area in June 2022, adding three horizontal wells to its portfolio.
Baker Hughes wins FLNG work for Petronas project
JGC and SHI won the $3 billion engineering, procurement, construction and commissioning (EPCC) contract for the ZLNG project in December. The nearshore unit will be based in Sabah.
Sabah State farms in to offshore Petronas field
At the time, Petronas president and Group CEO Datuk Tengku Muhammad Taufik said the company shared Sabah’s “aspirations for mutual prosperity even as we both pursue sustainable development”.
Technology focus helps grow Petronas capex
Petronas will also be upgrading its rig capabilities as well as providing third party drilling services for other companies over the next three years, the firm said in its recent outlook.
ChemOne’s PEC signs up supply, offtake deals
The facility will process 150,000 barrels per day of condensate, producing 2.3 million tonnes per year pf aromatics. It will produce 50,000 tpy of hydrogen.
On the block: OMV launches Asia-Pacific sales plan
The venture’s main development now is Jerun. OMV expects this to start producing in 2024, with the net production of around 25,000 boepd.
China’s taking control of LNG as global demand booms
A rush by China to sign new long-term liquefied natural gas (LNG) deals promises to give the nation even more control over the global market at a time when competition for cargoes is booming.