Maersk Drilling wins $24m deal for ultra-deepwater exploration well off Gabon
Petronas has handed Maersk Drilling a $24 million contract to drill one well off Gabon using a deepwater drillship.
PETRONAS
Global interest expected in Santos Dorado sale
Santos is seeking buyers for a 20-30% stake in its large Dorado oil project and Bedout exploration portfolio offshore western Australia estimated to be worth up to $200 million. Significantly, there is expected to be global interest in the sales process, which could be particularly appealing for Asian national oil companies (NOCs).
Malaysia-Brunei unitisation pact bodes well for Shell
Malaysia and Brunei have finally formalised a previously stalled unitisation agreement for the Gumusut-Kakap and Geronggong-Jagus East fields that straddle the international maritime boundary between the two countries. The about turn bodes well for Anglo-Dutch supermajor Shell, which has stitched up most of the acreage in Brunei’s offshore.
Petronas declares force majeure in Myanmar
Malaysian national oil company (NOC) Petronas has declared force majeure on its Yetagun field off Myanmar, which is on the brink of civil war, due to the depletion of gas production.
PTTEP makes third oil and gas discovery off Malaysia
Thailand’s PTT Exploration & Production (PTTEP) has struck a significant shallow-water oil and gas discovery in Block SK405B off the Malaysian state of Sarawak.
Petronas announces FLNG world first
Malaysia’s Petronas has become the first global energy company to produce liquefied natural gas (LNG) from two floating facilities following the first cargo delivery by the company’s floating LNG DUA (PFLNG DUA).
Ex-Petronas head takes helm of Sapura Energy
Petronas’ former upstream head Anuar Taib will take over the running of Malaysian upstream player and leading offshore fabricator Sapura Energy as chief executive.
Petronas hires rigs for Malaysian drilling campaign
Malaysia’s national upstream company Petronas Carigali has hired two jack-up rigs from Velesto Energy for a campaign this year.
Petronas successfully prices a $600 million bond offering
Malaysian national oil company Petronas has successfully priced a $600 million single tranche seven-year note.
Petronas set for deepwater FID offshore Sabah
Petronas Carigali is aiming to take a final investment decision (FID) on its Bestari deep-water oilfield development offshore Sabah in East Malaysia this year.
Repsol eyes giant carbon storage scheme in Indonesia
Repsol is studying the potential of a giant geological carbon capture and storage project in Sakakemang in Indonesia.
Shell seeks to divest Malaysia assets
Shell is seeking to divest its non-operated interests in the amended 2011 Baram Delta enhanced oil recovery (EOR) production-sharing contract (PSC) and the SK 307 PSC, both offshore Sarawak in Malaysia.
Petronas and China’s CNOOC expand ties
Malaysia’s Petronas and China National Offshore Oil Corporation (CNOOC) will expand their ties in the energy sector through closer collaboration beyond liquefied natural gas (LNG) and upstream projects.
Petronas eyes UAE after signing MoU with ADNOC
Malaysia’s Petronas and United Arab Emirates-based Abu Dhabi National Oil Company (ADNOC) are exploring opportunities to collaborate in the exploration, development and production of Abu Dhabi’s resources.
UAE’s Masdar hooks up with Malaysia’s Petronas for Asia renewables
Abu Dhabi-based Masdar and Malaysia’s Petronas will work together to pursue renewable energy and green hydrogen projects across Asia and the Middle East.
Big oil steps up investments in Indian gas and renewables
Majors, such as BP, Total and Shell, as well as Asian national oil companies (NOCs), are stepping up their investments in India’s rapidly expanding gas and renewables markets.
Petronas cautiously eyes green energy transition
Malaysia’s Petronas is almost doubling its yearly capital investment spend on new energy initiatives this year as it eyes a slow measured diversification away from the traditional oil and gas business.
Malaysia unveils deep-water and CCS opportunities
Petronas MPM reckons there is at least 6 billion barrels of oil equivalent (boe) waiting to be discovered in Malaysia’s deep waters.
Repsol’s Indonesian wildcat targeting 4 Tcf of gas
Analysts at IHS Market report that Repsol’s highly anticipated Rencong-1X wildcat in the frontier deep waters of Indonesia’s North Sumatra basin is targeting prospective gas resources of 4 trillion cubic feet (cf).
Petronas strikes oil off Indonesia
Malaysian national oil company (NOC) Petronas has hit oil at its North Madura II production-sharing contract (PSC) offshore East Java, Indonesia.
PTTEP strikes more gas off Malaysia
Thai national oil company PTT Exploration & Production (PTTEP) has hit sweet gas with its first exploration well, the shallow-water Dokong-1, in Block SK417, off the Malaysian state of Sarawak.
TechnipFMC wins Malaysia deep-water deal
UK-based engineering giant TechnipFMC has won a deal worth between $250 million and $500 million for a key contact at the Petronas-operated Limbayong deep-water development offshore Malaysia.
Woodside slammed for Myanmar stance
Human rights groups and industry executives have slammed Woodside Energy’s rationale to proceed with a major gas development and exploration campaign in Myanmar following a military coup and subsequent bloody protests.
Petronas readies 13 blocks for 2021 offshore round
Malaysia will offer 13 offshore exploration blocks, including discovered fields and deep-water opportunities, as part of its Malaysia Bid Round (MBR) 2021 due to launch on 26 February.
ConocoPhillips wins Malaysia Block offshore Sabah
Malaysia has awarded shallow-water exploration Block SB405 to U.S. major ConocoPhillips off the coast of Sabah.