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.”
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”.
Petronas awards EPCC prize for FLNG power plant
Malaysia’s Petronas has awarded local engineering company Kejuruteraan Asastera Berhad (KAB) a MYR230 million (US$52.6 million) engineering, procurement, construction, and commissioning (EPCC) contract for a 52MW power plant for an upcoming floating liquefied natural gas (FLNG) project.
Petronas awards FLNG deal to JGC and Samsung Heavy Industries
Japan’s JGC and South Korea’s Samsung Heavy Industries will build Petronas’ third floating liquefied natural gas (FLNG) project after winning the engineering, procurement, construction and commissioning (EPCC) contract.
Malaysia doubles exploration success in 2022 with 10 discoveries
Petronas and its Petroleum Arrangement Contractors (PACs) recorded a total of 10 hydrocarbon discoveries in Malaysia in 2022, following the increase of exploration activities in the country.
Petronas subsidiaries seized as lawyers push $15bn case on Malaysia
Two Luxembourg subsidiaries of Malaysian state oil company Petronas have been seized by the descendants of a late sultan, lawyers said, in a dramatic escalation of a $15 billion legal dispute connected to an agreement signed 144 years ago, reported the Financial Times.
Petronas signs key MoU for $2bn floating LNG project in Sabah
Petronas and Sabah Oil & Gas Development Corporation (SOGDC) have signed a key memorandum of understanding (MoU) that will see the Malaysian national energy company build Sabah’s first and largest near-shore floating liquefied natural gas (LNG) facility estimated to cost MYR8.8 billion ($2.02 billion).
Maersk Drilling lands $32 million contract extensions off Malaysia
Maersk Drilling has landed $32 million worth of contract extensions off Malaysia.
Petronas and Sabah launch gas masterplan
Malaysia’s Petronas and the Sabah State Government on Tuesday launched the Sabah gas masterplan that serves as a reference for both parties in guiding the way forward for the further development of natural gas in the Malaysian state.
Petronas closer to final investment on third FLNG after awarding FEED deals
Malaysia’s state-owned energy company Petronas is preparing to take a final investment decision (FID) on its third multi-billion dollar floating liquefied natural gas (FLNG) unit after awarding front-end engineering and design (FEED) contracts. The new-build floater project, dubbed ZLNG, will help solve challenges commercialising gas offshore Sabah in Malaysia.
Petronas seeks to appease ConocoPhillips and Shell with $3bn floating LNG unit
Malaysia’s state-owned energy company Petronas is planning to build a third multi-billion dollar floating liquefied natural gas (FLNG) unit to help solve challenges commercialising gas offshore Sabah in Malaysia as part of an effort to appease ConocoPhillips (NYSE:COP) and Shell (AMS:RDSA) following losses related to an upstream development.
Shell’s production hit offshore Malaysia at Gumusut-Kakap
A production issue at the Shell-operated Gumusut-Kakap field offshore Sabah in East Malaysia will see exports of the country’s flagship crude oil Kimanis fall in October and November, reported Reuters.
Petronas awards deep-water Limbayong deal to TechnipFMC
TechnipFMC will carry out the engineering, procurement, construction, installation and commissioning contract for the subsea production system, umbilical, riser and flowline (SURF) at Petronas’ Limbayong deep-water development offshore Malaysia.
Shell hires rig for seven Malaysia wells
Shell is gearing up to drill seven wells off the East Malaysian states of Sabah and Sarawak after awarding a $17.68 million contract to Velesto Drilling.
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).
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.
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.
ConocoPhillips wins Malaysia Block offshore Sabah
Malaysia has awarded shallow-water exploration Block SB405 to U.S. major ConocoPhillips off the coast of Sabah.
PTTEP and Petronas start up key Malaysian deep-water gas field
News that Thailand’s PTT Exploration & Production (PTTEP) and Petronas have started first deep-water gas production from Block H bodes well for Malaysia’s vision to attract further investment in its deeper waters.
Malaysia’s Sarawak seeks investors to find new onshore plays
The eastern Malaysian state of Sarawak, home to the country’s LNG export complex, will soon open onshore acreage for bidding, as it hopes to revitalise its onshore oil and gas industry after taking regulatory control from the federal government.
Australia leads in bumper year for Asia Pacific FIDs
Looming wave of final investment decisions (FIDs) will provide massive boost for offshore oilfield service sector in Southeast Asia