Japan’s Mitsui on the hunt for carbon storage in Asia Pacific
Japanese trading house Mitsui is seeking carbon storage sites across Asia Pacific as it aims to sequester 15 million tonnes per year by 2035 for companies in Japan.
PETRONAS
Explosion at Petronas’ Sabah-Sarawak Gas Pipeline in Malaysia
Malaysia’s Petronas has confirmed reports of a fire incident at the Sabah-Sarawak Gas Pipeline (SSGP), nearby Lawas, Sarawak, following an explosion on Wednesday.
Storegga joins forces with Petronas for CCS in Malaysia
Malaysian national oil company Petronas has signed a memorandum of understanding (MoU) with UK-based Storegga, a developer of carbon storage and clean fuels, to assess and determine the commercial, regulatory, and economic factors needed for the development of carbon capture and storage (CCS) hub and cluster projects in Malaysia.
Malaysian pair, Petronas and PETROS, sign gas and CCS deals
Petronas has signed two key agreements with Petroleum Sarawak (PETROS) on collaboration opportunities under the Sarawak Gas Roadmap that will help accelerate both parties’ shared aspirations to sustainably grow the Malaysian state’s energy industry.
Malaysia introduces tax incentives in boost for CCS
Malaysia’s 2023 budget announced on Friday introduces a raft of tax incentives for carbon capture and storage (CCS) as the country aims to become a regional hub for the nascent sector.
Aberdeen’s ADC secures inspection contract with Petronas
ADC Energy has secured a three-year contract to deliver rig integrity and inspection services to a division of Malaysian national oil company Petronas.
Petronas strengthens collaboration with Japan on carbon neutral targets
Malaysia’s Petronas has signed a memorandum of cooperation (MoC) with the Ministry of Economy, Trade and Industry of Japan (METI), as well as a memorandum of understanding (MoU) with Japan Bank for International Cooperation (JBIC), to collaboratively pursue mutual sustainability goals of achieving carbon neutrality by 2050.
Indonesia lagging Malaysia as CCS starts to grip Southeast Asia
Malaysia and Indonesia were the first countries in Southeast Asia to announce that carbon capture and storage (CCS) would play a role in decarbonising their industrial sectors. BP (LON:BP) in Indonesia, and Petronas in Malaysia, announced landmark projects in the oil and gas industry. However, while Indonesia has started having the right conversations around CCS, neighbouring Malaysia, and possibly even Thailand, appear to be making more progress within the region.
Petronas, Mubadala and Shell strike gas offshore Malaysia
Petronas today announced a gas discovery from its Cengkih-1 exploration well in Block SK 320 in the Central Luconia Province, about 220 kilometres off the coast of Bintulu, Sarawak, offshore Malaysia.
Ranhill Worley wins FEED deal for PTTEP’s Malaysia offshore project
Ranhill Worley will provide front-end engineering and design (FEED) services for PTT Exploration & Production’s (PTTEP’s) Lang Lebah development offshore Malaysia in a deal worth MYR43 million (US$9.4 million).
Shell picks Bechtel for Egypt FEED work
Shell Egypt, Egyptian Natural Gas Holding (EGAS) and Petronas have awarded a power study to Bechtel.
Harbour Energy-led Andaman project in Indonesia to pump first gas in 2028
Harbour Energy is expected to start gas production from its Andaman II Block offshore Indonesia in 2028, according to a senior Indonesian government official.
Malaysia’s Petronas eyes more acreage offshore Indonesia’s Aceh in exploration hotspot
Malaysia’s national oil company Petronas is considering acquiring further upstream acreage offshore Indonesia’s Aceh province as it seeks to develop more gas projects in the Southeast Asian nation. Significantly, more incentives are expected to be offered to encourage exploration investment.
Shell takes final investment at Rosmari-Marjoram gas project in Malaysia
Shell and Petronas have taken the final investment decision (FID) to develop the Rosmari-Marjoram gas project in Sarawak, Malaysia.
Petronas signs LNG export feasibility study with Argentina
Argentina is taking preliminary steps to tap its potential for exporting liquefied natural gas (LNG) with Malaysia’s Petronas, President Alberto Fernandez announced Thursday.
Malaysia’s Petronas sees energy price falls ahead as profits double
Malaysia’s Petronas reported on Tuesday that first-half net profits more than doubled on the back of higher oil and gas prices, but the state-backed energy company sees higher prices reversing next year as global supplies stabilise.
Petronas out of Gambia, while FAR steps up
Petronas has officially transferred its stake in two Gambian blocks to Australian minnow FAR, which will now seek a new partner to support exploration.
Petronas explores $3bn African upstream asset sale
Malaysian state oil company Petroliam Nasional has started inviting bids for its upstream assets in Africa, which could fetch as much as $3 billion, people with knowledge of the matter said.
APA scores first Suriname find in Block 53
APA Corp has discovered oil offshore Suriname on Block 53, while abandoning another well on Block 58.
Indonesia confirms disappointing downgrade at Repsol gas discovery
Indonesian upstream regulator SKK Migas has confirmed that Repsol’s (BME:REP) Kali Berau Dalam (KBD) gas discovery, initially thought to be the country’s biggest find in 18 years, is significantly smaller than expected, putting the mega project in doubt.
Malaysia’s Petronas to explore CCS with six South Korean companies
Petronas today signed a memorandum of understanding (MoU) with six South Korean companies to undertake conceptual and feasibility studies towards establishing a full value chain related to carbon dioxide (CO2) capture, transport and storage.
Repsol and Petronas spud exciting Andaman deepwater exploration well in Indonesia
Spain’s Repsol has started drilling the much-anticipated Rencong-1X wildcat in the frontier deepwaters of Indonesia’s North Sumatra basin in the Andaman III Block.
Petronas to pay Malaysia government $13bn dividend this year
Malaysia’s Petronas is expected to contribute to government coffers as much as 59 billion ringgit ($13.25 billion) this year, a cabinet minister said in a statement to parliament published Friday. This would be higher than last year on the back of record-high oil prices and its best ever quarterly profit in at least a decade.
Eni offers gas block offshore Indonesia for sale to Harbour as Andaman development eyed
Italy’s Eni (BIT:ENI) is offering to sell its Krueng Mane Block offshore Aceh in Indonesia to London-listed Harbour Energy (LON:HBR), reported Indonesian upstream regulator SKK Migas. Significantly, the potential acquisition seems logical given that Harbour’s recent exploration success could trigger a new development area in the region.
Diver dies offshore Malaysia at Petronas FPSO
A commercial diver has died while performing an adapter mating test on the hull of a floating production storage and offloading (FPSO) vessel offshore Malaysia, according to a HSE report from national oil company Petronas.