Xodus bags contract with Petronas for CCS project in Malaysia
Xodus, of Aberdeen, has landed a contract to carry out work for Petronas’ first complete carbon capture and storage (CCS) project, offshore Malaysia.
PETRONAS
Murphy halts Brunei sale after Shell makes deepwater discovery
Murphy Oil has decided not to sell its stake in Block CA-1 offshore Brunei following a deepwater discovery by the block’s operator Shell.
Harbour restarts Natuna drilling after chopper accident in Indonesia
UK-based upstream player Harbour Energy has restarted development well drilling at its Natuna Sea Block A offshore Indonesia after operations were suspended due to a helicopter accident last week.
Southeast Asia deepwater spend set to double in 2021
Deep-water drilling activities are bouncing back in Southeast Asia following a lacklustre 2020 with overall spending expected to rise 51% this year to $504 million and almost back to 2019 levels, estimates from Rystad Energy show.
Shell wins Malaysia offshore exploration block
Shell has snapped up new exploration acreage in Malaysia offshore the state of Sarawak in a move that underscores the supermajor’s commitment to country’s upstream sector.
Deepwater activities in Southeast Asia set to boom
Deepwater upstream projects are increasingly important for Southeast Asia, where new investment in production is critical to meet rising demand for oil and gas, as economies continue to expand.
Repsol finishes FEED for giant Indonesian gas discovery
Repsol has finished front-end engineering and design (FEED) work for its giant Kali Berau Dalam (KBD) gas discovery on the Sakakemang Block in Indonesia. The Spanish company and partner Petronas are now moving towards preparation for engineering, procurement, and construction (EPC) contractor selection, according to upstream regulator SKKMigas.
Shell puts Malaysian upstream assets on sale
Shell has officially launched the sale of its shares in oil and gas fields it does not operate offshore Malaysia, according to a document seen by Reuters.
Geophysical giants start seismic sweep offshore Sarawak
A consortium of PGS, TGS and WesternGeco have secured funding for a 6,400 sq km multi-client 3D seismic survey starting in October in the Sarawak basin offshore Malaysia.
Jadestone gets Petronas approval for Malaysia acquisition
UK listed Jadestone Energy has satisfied all the conditions necessary, including the approval of Petronas, to complete its acquisition of SapuraOMV’s Peninsular Malaysia assets in a deal worth up to $15 million that will increase the company’s total reserves by more than 30%.
Hibiscus closer to Repsol acquisition in Vietnam and Malaysia
Hibiscus Petroleum has moved a step closer to completing its acquisition of Repsol’s upstream assets in Malaysia and Vietnam after the Spanish company’s project partners waived their pre-emption rights.
Petronas starts solar initiative to power its assets in net-zero push
Malaysia’s Petronas, which has yet to make a firm carbon-neutral pledge, will deploy solar energy at the group's assets across Malaysia to boost efficiency and cut carbon emissions as part of its sustainability agenda and “aspiration” of Net Zero Carbon Emissions by 2050 (NZCE 2050).
Malaysia’s Petronas and China’s CNOOC sign $7bn LNG deal
Despite China harassing Malaysia’s offshore gas developments last month, Malaysian national oil company (NOC) Petronas and state-backed China National Offshore Oil Corporation (CNOOC) yesterday signed a liquefied natural gas (LNG) supply deal estimated to be worth $7 billion over ten years.
Beijing harasses Petronas gas project in South China Sea
China has been contesting new Malaysian oil and gas development at the Kasawari field offshore Malaysia since early June with China Coast Guard (CCG) vessels harassing the project. The harassment also coincided with Chinese military planes entering Malaysia’s national airspace.
Shell’s $1bn Abadi divestment process struggles after Sinopec’s interest wanes
Shell has failed to generate any significant interest in the sales process for its share of the giant Abadi LNG project one year after the Indonesian government announced the Anglo-Dutch supermajor’s intention to divest.
Harbour Energy on track for deep-water Indonesia probe
UK-listed Harbour Energy said it is on track to probe the deep waters of Indonesia’s North Sumatra basin in its Andaman II production-sharing contract (PSC).
Petronas talks up New Energy business
Petronas, which has yet to make a firm carbon-neutral pledge, sees significant growth ahead for solar and wind, particularly as a hedge against volatile fossil fuel prices, Jay Mariyappan, head of the state-backed Malaysian company’s new energy business told the APAC power and renewables summit.
South Sudan launches first licence round
South Sudan’s Ministry of Petroleum (MoP) has launched its first oil licensing round, offering five blocks.
Hess seeks bids for North Malay Basin work
Industry sources report Hess has issued a tender for the provision of turnaround and inspection services at its North Malay Basin project offshore Malaysia.
Malaysia’s Sarawak awards key onshore acreage
The eastern Malaysian state of Sarawak, home to the country’s liquefied natural gas (LNG) export complex, has awarded its first onshore block to Petra Energy and Uzma, as it hopes to revitalise its onshore oil and gas industry after taking regulatory control from the federal government.
Petronas regrets exclusion from JPMorgan’s ESG indices
Petronas said yesterday that JPMorgan’s decision to exclude the Malaysian national oil company from its ESG Emerging Market Bond Index and ESG Asia Credit Index at the end of June 2021 is regrettable.
JPMorgan to exclude Petronas, Pertamina from bond index on ESG worries
Malaysian national energy company Petronas and Indonesian counterpart Pertamina are on a watchlist for removal from JPMorgan’s emerging market bond index (EMBI) on environmental social governance (ESG) concerns, reported Reuters, citing a statement from the bank.
FAR lines up Stena rig for Gambian exploration
FAR has booked a Stena Drilling rig for an exploration well in The Gambia at the end of the year.
Aker Solutions manager charged in Malaysia over alleged false documentation
A Malaysian manager at Norwegian energy services company Aker Solutions was charged Friday for allegedly making false statements in order to win Petronas licenses in Malaysia.
Aker Solutions manager expected to be charged in Malaysia
A senior executive at Norwegian energy services company Aker Solutions is expected to be charged today for allegedly making false statements in order to win Petronas licenses in Malaysia.